Hinder consensus budget next year and new strategies to unify the exchange rate

Well here we go again! this piece is saying since the Ministry of Finance had to go with other Ministry department to investigate on the Auction Sale of Currency in the CBI, it could delay the Budget, which is not new!


Baghdad / justice - 09/12/2012 - 1:28 am

The central bank adopted a package of strategies for the Unification of foreign currency exchange rate in the country, and between the central quest to invest the amount of money spent should serve the economic stabilization plan.

The deputy governor of the Bank the appearance of Mohammed that "there is a study of strategies aimed at unifying the exchange rate of foreign currency in the country and maintain stability."

And explained that "there are things emergency Kallazma regional and internal problems affected the currency exchange rate," pointing out that "keen to be money you spend is in the service of economic stability.

"and continued that" the Central Bank of Iraq bears a major responsibility to maintain economic stability.

"The House of Representatives decided last month to form a committee to investigate the facts chaired by the Deputy President of the Council Qusay al-Suhail and the membership key committees of Economy and Finance and the President of the Court Audit to audit the transactions the bank regarding auction currency.

attributes among parliamentary reasons for delay in providing the general budget to the political consensus and the MP for the coalition of state law on Kurd he was "supposed to provide the budget in the month of September of each year to the Council of Ministers of the ministries and provinces and local governments and discussed in the Council of Ministers to be approved in a timely manner and convert it to the House of Representatives.

"and added that" there are other reasons, particularly the problems in preparing it and presented to the House of Representatives at the time, they face significant obstacles in the ratification result of the political conflict and consensus and so things that delay the approval and ratification.

"and noted that" if the interests of the people ended up in the early, but the negotiating stakes political parties and entities are always sincere delay, and approval in a timely manner. "


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This is what is putting the budget behind schedule!




Jubouri: 70 deputies demanding an investigation into the dealings of the Central Bank



The time on Wednesday, September 12 / September 2012 06:58


Baghdad / Orr News

A member of the Finance Committee Haitham al-Jubouri he managed to collect the signatures of seventy deputies calling for the Presidency of the Council of Representatives to form an investigative committee transactions of the Central Bank of Iraq, stressing that signatures Sodguet from the chairmanship of the Committee will be presented tomorrow to the presidency of the parliament.

Jubouri said "collected Toaqa 70 deputies to form an investigative committee dealings central bank offered signatures on the presidency of the Finance Committee and approved by." And added that "the signatures will be handed Wednesday to the presidency of the House of Representatives," pointing out that "the decision No statement made ​​signatures came after marking a slowdown work The Truth set up by the former Council. "

He continued that "request formation of the committee to ensure the formation of an investigative committee to look Palmthompskat and documents سملت Committee on the issue of the auction and mistakes administrative and transactions tainted by suspicion, in addition to activating the Money Laundering Act, and an invitation to the BSA to write monthly reports on auction currency at the Central Bank."

Revealed Truth formed by the House of Representatives, which includes the heads of (Economic and Financial Committee and BSA) yesterday about the existence of collusion of some officials and advisers in the Central Bank issue currency auction sale.

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.


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