Shabibi threatens to sue entities that seek to determine the monetary policy of the Central Bank : Published on Friday, October 12 1 / Okrudolf 2012 09:12
BAGHDAD / obelisk: threatened Iraqi Central Bank Governor Sinan al-Shabibi, Friday, in the first response since the criticism directed to his foundation, to sue entities that seek to “determine how the” bank, stressing that there was “extensive campaign” designed to damage the national economy, in what was considered that doubt Bmhnih “false allegations.”
Shabibi said for “obelisk” that “there are many of those who plunged themselves in a campaign to determine how the central bank and damage to the national economy as a whole,” noting that “the central bank will sue anyone who tries to speak to determine how our monetary policy.”
The Shabibi that “central bank policy and their moves were intended to preserve the value of the Iraqi dinar and create a balance in the Iraqi market to maintain economic stability,” stressing that “the Central Bank is going as planned, and we we have indicated our desire to cooperate with all the detection of corrupt files wherever found and hold negligent. “
Shabibi said that “everything it touches professionally Central Bank is false allegations and not unfounded and the central bank will raise issues in the competent courts to all these parties that Chen distorted this media campaign.”
And was a member of the parliamentary Finance Committee Haitham al-Jubouri accused, on the ninth of October now, five banks and general manager of civil money in the Central Bank of Iraq involved being involved in money laundering through the central bank auction.
The head of the House of Representatives Osama Najafi has confirmed, on the sixth of October now, that the Committee responsible for monitoring the work of the central bank pointed to suspicion of corruption in the sale of the dollar, pointing out that there is a lack of clarity mechanisms check money laundering operations the central bank and private banks.
The early parliamentary source revealed to the obelisk in the third of October, current, providing for a special parliamentary committee conducted an investigation activities of the Central Bank of Iraq reveals the involvement of the north bank and the Middle East in the laundering and the smuggling of money and private currency dollar to the United Arab Emirates.
Central Bank considered the accusations directed his "sheer fabrication" and warns of the risks to the national economy
Alsumaria News - 10/12/2012 - 12:28 pm | Hits: 13
Alsumaria News / Baghdad
He CBI, Friday, accusations directed him "pure fabrication" and unknown purposes, confirming that it was the reputation of the Iraqi Central Bank and the national economy to the "danger", while pointing out that he will rebutted these unsubstantiated allegations and prosecute all those people who brandishing it.
The central bank said in a statement issued today, and received "Alsumaria News" version of it, that "all that came in the campaign tendentious suffered by the Iraqi Central Bank untrue, a pure fabrication and unknown charges purposes," asserting that it "was the bank's reputation Central and the national economy at risk, also lead to the risk of internal and external economic. "
The bank pointed out that it "will rebutted these unsubstantiated allegations and prosecute all parties and persons who brandishing of unlawfully or illegally."
The chairman of the House of Representatives Osama Najafi 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" to the importance of case.
The Nujaifi in, (26 September 2012), the importance of the independence of the central bank and the priority follow-up daily auction of foreign currency, as pointed head BSA Abdul Basit Turki Hadithi to near present the results of the Committee's report investigative on daily auction organized by the bank to sell the dollar on the Council.
The MP for the coalition of state law Haitham al-Jubouri in (12 August 2012) for the formation of an investigative committee will visit the central bank and look at the records and the numbers, sales and people who earn hard currency, noting that the work of the investigative different from the Commission's work regulatory Council approved formation , which includes the heads of the financial and economic committees and BSA.
The CBI expressed in (7 October 2012), his willingness to cooperate with regulators to diagnose shortcomings Ptaamlath in Foreign Exchange Market, as he defended his work in the exchange market and fight for price inflation, it was considered that all the concepts on which the currency auction-based provisions of the Constitution.
The Central Bank of Iraq announced, (11 August 2012), the high reserves of hard currency to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.
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. http://translate.googleusercontent.c...58cs7jq1B7YRAg
The Central Bank considers the charges against him "pure invention" and warns of risks to the national economy
Editor: HL | SS Friday 12 v 1 2012 07: 28 GMT Zulal
The Iraqi Central Bank, said Friday, accusations against him "pure invention" and unknown purposes, saying it was the reputation of the Iraqi Central Bank and the national economy to "danger", as he said he would refute these unfounded allegations and prosecute all those people who have it.
The Central Bank said in a statement issued today, and received "alsumaria news", that "all of the malicious campaign against the CBI shame on health, is pure fabrication and unknown purposes" accusations, saying they "endanger the reputation of the Central Bank and the national economy, and lead to internal and external economic risks."
The Bank noted that "will refute these unfounded allegations and prosecute all persons who have the right or legal basis."
Speaker of the House revealed Osama in Iraq (7 October 2012), on suspicion of corruption in the work of the Central Bank of Iraq, while he noted that the Board initiated a "thorough" policy of the Central Bank since 2003, pledged to follow the investigation "personally" to the importance of the issue.
Iraq confirmed in, (September 26, 2012), the importance of Central Bank independence and priority follow-up daily foreign currency auction, with the Chief audit Abdel Basset Turki Al-Hadithi of the presentation of the results of the report of the investigative Committee on the daily auction organized by the Bank to sell the dollar on board.
And the State of law Coalition Attorney Haitham Al-Juburi in (12 August 2012) for the investigative Commission will visit Central Bank records and looked at the numbers and sales people who get hard currency, indicating that the work of the various investigative Committee on the work of the Oversight Committee that the Board approved its composition, which includes the heads of the financial and economic committees and audit.
The CBI was made (7 October 2012), willingness to cooperate with regulators to diagnose bugs sites his dealings in the foreign exchange market, which defended its exchange market and fight against price inflation, it was considered that all the concepts on which the auction currency based on the provisions of the Constitution.
The Central Bank of Iraq was announced, (11 August 2012), high foreign exchange reserves to 67 billion dollars, the reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq.
The Iraqi Central Bank holds daily meetings for buying and selling foreign currency to involvement of Iraqi banks, with the exception of holidays that the Bank stops these auctions and sales are either critically, or in the form of money orders sold abroad for a Commission.
The accusations escalated pace on smuggling currency that overshadowed the dollar selling prices on local markets and increased the price paid by month, while deputies demanded that the Government stops sale of currency in the Central Bank auction, others stressed that Iraq will lose big money by smuggling a day abroad, despite the acclaim of many specialists regard the economic positives auction in reducing inflation rates and control the value of the Iraqi dinar.