Parliamentary committee formed to monitor selling dollar operations at CBI
Sunday, 19 August 2012 11:28

Shafaq News / The parliamentary Economic Commission revealed on Sunday, the formation of a committee to monitor the operations of dollar selling by the Central Bank of Iraq (CBI) , pointing to the presence of foreign companies that have a negative activity on the Iraqi economy.
A member of the parliamentary Economic Commission, MP, Ibrahim al-Rikabi told "Shafaq News" that the economic and investment commission in the parliament will form a special committee to start its work after Eid holiday to monitor the operations of selling the dollar at the Central Bank.
He added that "the Commission will brief on the ground on bank auction records and will open the selling record and be informed to the companies that are buying the dollar and whether these companies are introducing goods and commodities of the country compared to what it buy of currency or not?"
"There are fake companies that enters the central bank auction," saying that it is likely that "it is linked to regional countries to influence negatively on the Iraqi economy."
Some charges have been directed by deputies in the parliament to the Central Bank for the existence of corruption and money laundering in an auction sale of the currency.
The member of the parliamentary Finance Committee, Haitham al-Jubouri has demanded to intervene directly from the Presidency of the parliament to stop the hard currency forging and money laundering in the auctions CBI.
Jubouri said at a press conference, earlier, that "serious and many information were available for the presence of significant violations that had happened on daily basis at the central bank, its reasons are the control of mafias from inside and outside the bank and some limited companies on the auction sale of hard currency, in addition to the lack of seriousness in activating the Anti- money laundering No. 93.
The CBI said, last week that the sale of the dollar to the banks intended to withdraw liquidity from the market as is the case in the majority of the world's central banks. "
The bank said in a statement in which "Shafaq News" has received a copy of it that the majority of the markets have a parallel official price and the Bank seeks to minimize the difference between the two rates through the inspection teams, to comply with the instructions of the Central Bank, which sells the dollar to all government and private banks and branches of foreign banks, and not to the private banks only ".
He pointed out that this monetary policy was welcomed by the International Monetary Fund.