Nujaifi confirms "absolute support" for the central bank governor and agency

Alsumaria News - 01/11/2012 - 11:23 am | Readers: 12


Alsumaria News / Baghdad
The head of the House of Representatives Osama Najafi, Thursday, absolute support of the Governor of the Central Bank and Abdul Basit Turki Agency, pointing to the importance of the independence of the bank, while pointing out new bank governor that the ongoing investigation into the issue of auction of foreign currency and money laundering department.

Osama al-Nujaifi said in a statement issued by his office on the sidelines of a meeting central bank governor proxy Abdul Basit Turki, and got "Alsumaria News", a copy of which, "The central bank governor proxy Abdel Basset Turki has the required balance manifested by low supply of hard currency while maintaining the price of the dollar, "adding that" it reflects the real start to break the corruption in Iraq. "

The Nujaifi "absolute support of the governor," stressing the importance of "independence of the central bank and cooperation with the judiciary for the purpose of giving a bright image before international bodies."

Nujaifi called to "undertake a range of measures to ensure further reforms to address the violations and problems that the bank may face during the performance of his work."

For his part, Acting Governor of the Central Bank of Abdel Basset Turki during the statement that "the investigation is ongoing on the issue of auction of foreign currency and money laundering department," pointing out that "the support of the House of Representatives during this particular period is necessary as they represent a new departure."

The head of the House of Representatives Osama Najafi revealed, in (7 October 2012), a few days ago to exempt bank governor Sinan al-Shabibi from office, for a suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve "depth" in the policy Central Bank since 2003, vowed to pursue the investigation "personally" to the importance of the issue.

The Iraqi Cabinet decided, in (16 October 2012), the prime BSA Abdul Basit Turki functions of the central bank governor and agency.

The Supreme Judicial Council announced, in (19 last October), 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, in (24 October Aalmadi), 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.

And was a member of the investigative committee on the work of the Central Bank of Haitham al-Jubouri said, in (14 last October), 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.

The United States confirmed on 31 October 2012, support for the independence of the Central Bank of Iraq in accordance with the Iraqi constitution, expressed concern about the 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 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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