Washington is concerned investigations is fair and transparent with central bank officials

Wednesday, October 31 / October 2012 - 12:24



United States Ambassador to Iraq Robert Stephen Beecroft
(Alsumaria News) BAGHDAD - The United States, Wednesday, support for the independence of the Central Bank of Iraq in accordance with the Iraqi constitution, expressed concern a reflection of the ongoing investigations with bank officials negatively on the bank's relations with other international banks if you are not fair and transparent.

The new U.S. ambassador to Iraq, Stephen Beecroft in an interview with a number of media, including "Alsumaria News", "his country supports independence CBI which is compatible with the Constitution and the laws of Iraq," noting that it "does not take any position on the ongoing investigations on the bank officials ".

Beecroft said that his country was "encouraged that this will be fair and transparent investigation," expressing his "concern that affects a non-transparent investigations into this issue negatively on banking relationships for Iraq with banking institutions and international banks."

The Supreme Judicial Council announced (October 19 current), for the issuance of an arrest warrant for former central bank governor and a number of officials in corruption cases.

The Prime Minister Nuri al-Maliki, (Oct. 24 current), not to link his arrest warrants Central Bank Governor Sinan al-Shabibi, explaining that the turmoil that occurred at the Iraqi currency to stimulate many regulators to investigate the bank's activity.

The Iraqi Cabinet decided, in (16 October 2012), the prime BSA Abdul Basit Turki management position of Governor of the Central Bank and the Agency.

And was a member of the investigative committee on the work of the Central Bank of Haitham al-Jubouri confirmed, (14 October now) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and what was seen that the survival of portfolios abroad will prove corruption charges.

And demanded that the Finance Committee in the Iraqi Council of Representatives, (mid-October 2012), Central Bank Governor indictees providing evidence, while some expressed the fear that the accusations were "politically targeted" for the bank.

And accused the Iraqi List led by Iyad Allawi, in (14 October 2012), some political forces "trying Nile" the independence of the Central Bank of Iraq, arguing that the independence of the Bank are necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for investigating money laundering and disclosure of beneficiaries.

The leader of the coalition of state law, Kamal Saadi, in (17 October now), that advocates of central bank policy are politicians Mentfon of Mzhadath and financiers of "terrorism", accusing some politicians affected by the suspension of corruption in the bank to stand behind, as he emphasized that the Commission set up by the Chairman of the Board of Representatives to investigate the bank's policy includes the majority of the political blocs.

The head of the House of Representatives Osama Najafi revealed, in (7 October 2012), the existence of suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve "depth" in the policy of the central bank since 2003, vowed to pursue the investigation "personally" the importance of the issue.

The central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.

It is noteworthy that the pace of accusations escalated on smuggling currency that overshadowed selling prices dollar in local markets and led to increased exchange rate months ago, while deputies asked the need to take the initiative on the government to stop selling the currency in auctions the central bank, others stressed that Iraq is losing substantial funds by smuggled daily out of the border, despite the praise of many specialists in economic affairs on the positives of the auction to reduce inflation and to control the value of the Iraqi dinar.



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