Shabibi denies the existence of a relationship of the Central Bank in the operations of administrative corruption or money laundering in relation to the foreign currency auction

10-11-2012 | (Voice of Iraq) - Add a comment -
BAGHDAD - The Euphrates News

Central bank governor denied the suspended Shabibi and the existence of any relationship of the bank in the operations of administrative corruption or money laundering in relation to the foreign currency auction.

He said in a press conference held today through circuit television from his residence in Geneva attended by the correspondent Euphrates News Agency {} "The Central Bank has provided economic and financial stability and price through exchange rate stability and reducing inflation and also provided issues related to stability in general and the stability of payments as there is no problem in government payments. "

Shabibi said that "the Bank prepared the ground for progress in the development process, but the government not circumstance Olastaqrara exploited achieved," stressing "the necessity not to shove the Central Bank in this case."

He pointed out that "foreign currency auction carried out by the Central Bank monetary policy falls within the only goal the withdrawal of the Iraqi currency and thus reduce the pressure on prices and another goal to provide people who import foreign currency."

The Shabibi said that "the central bank provides funds in the event of an account of the person in the bank and has Iraqi dinars without limitation because reserves available in case unavailability must raise the exchange rate as the main objective of the central bank auction cash and not to another."

He said that "there is no central bank in the world oversees all financial operations that are in the banks as the Bank's work is a question that banks and martyrdom that these operations do not fall within the money laundering operations only through the Department of money laundering."

Shabibi said that "the anti-money laundering department did not reach the central bank to now the existence of a process of money laundering and the sentiments of some of Representatives for his giving information on money laundering is a truth only banking irregularities."

He said the "money laundering Maitalq and information about it is available to the Department of money laundering and imposed it tells of a suspicion of money laundering."

Shabibi said the "staff of the Central Bank, all are honest in their work and that the information about the sale of all available currency and present and I am very upset and having suspicions about the central bank and protested these treatises."

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