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Alsumaria News

Central Bank denies the issuance of arrest warrant reminder governor and confirmed his participation in the conference out of the country
Alsumaria News - 10/14/2012 - 3:38 pm | Readers: 10

Alsumaria News / Baghdad
denied the Iraqi Central Bank, Sunday, reports that an arrest warrant issued against governor Sinan al-Shabibi and escape out of the country, while stressing that the governor is currently involved in an annual conference in Tokyo. spokesman said the central bank in an interview for "Alsumaria News", "The news reported by some media for the issuance of an arrest warrant against Central Bank Governor Sinan al-Shabibi and escape out of the country are unfounded." the spokesman stressed that "Shabibi is currently involved in an annual conference held in Tokyo, Japan and is returning to Baghdad on Monday." It was Iraqi List led by Iyad Allawi accused, on Sunday, (14 October now) some political forces "trying Nile" the independence of the Central Bank of Iraq, arguing that the independence of the Bank are necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for the investigation in money laundering and disclosure of beneficiaries. took Shabibi office as Governor of the Central Bank of Iraq since 2003, the text of the decision of the Federal Court linking independent bodies Secretariat of the Council of Ministers and not the parliament. was House Speaker Osama Nujaifi revealed, in (7 October 2012) , 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 of the central bank since 2003, vowed to pursue the investigation "personally" to the importance of the issue. and 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 its formation, which includes the heads of the two financial, economic and BSA. while threatened Shabibi, in the 12 of October now, raise issues in the competent courts all those who waged a media campaign distorted against the central bank. was the Iraqi Central Bank announced, in (11 August 2012), the high reserves of hard currency to 67 billion dollars, stressing 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. central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, excluding public holidays on which depends the bank for this Auctions, and be sales either in cash, or in the form of remittances sold abroad for a commission certain.mention 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 need for government to take the initiative to stop selling the currency at the central bank auctions, others stressed that Iraq is losing big money due to 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.