Iranian lobby topples Iraqi Central Bank Governor : Sources in the CBI yesterday that the Iranian lobby in Iraq succeeded in persuading Prime Minister Nuri al-Maliki to overthrow the Iraqi Central Bank Governor Sinan al-Shabibi and his deputy, the appearance of Mohammed Saleh after their success in reducing the smuggling of hundreds of millions of dollars from Iraq to Iran. Sources in Baghdad said Shabibi did not return to Baghdad after Iraq's representation at the Tokyo conference and likely heading towards his home in Switzerland, where he was staying but he was seen in London's Oxford Street yesterday by a London reliable sources.
The sources, who asked not to be named for decades that Shabibi and appearance were behind issuing a series of measures stipulated to provide people who want to turn the Iraqi currency to the dollar to submit their applications to the Central Bank attached account number from one of the Iraqi banks in addition to the goal of converting their currencies Iraqi dollar to ensure used to finance their commercial transactions and not smuggled into Iran, which suffer from the impact of sanctions and a significant lack of hard currency. The sources said that the relationship with the regime of Bashar al-Assad the sanctioned become between Maliki priorities in coordination and financial and commercial support. The sources said the decisions and actions had led after the first day of issuance to decline the request conversion of 80 100 million dollars a day to less than a million dollars. The sources pointed out that the central bank, which was converted Iraqi dinar to the dollar without documents as part of a free economy have discovered that most providers conversions are not traders and offer their transactions pseudonyms for fear انفضاح ordered them, and added that the measures taken and used by the government against Shabibi and his deputy as evidence conviction, may limited the dollar smuggling from Iraq to Iran and helped to stabilize the price of the Iraqi currency and protected cash reserves Iraq. Knighted by the Iraqi government yesterday, Abdul Basit Turki Chairman of the Board of Supreme Audit conservative new interim central bank to replace Shabibi. He acknowledged the central bank also the principle of coordination, consultation and exchange of information between the Central Bank of Iraq and the Council of Ministers on fiscal and monetary policies in accordance with the Constitution with the Central Bank of Iraq to study the methods used currently in the delivery of foreign currency to the local market and give a greater role for banks. And increased at the beginning of the year demand for the dollar by a large margin ranged between 40 to 50 percent, the central bank announced later in February from the application of new measures regarding the sales of the dollar. Thanks for Hbibi in rebuilding the central bank after the war. The central bank was able to collect $ 65 billion of Iraqi currency reserves from scratch under management Shabibi.
Shabibi was an expert working in the scientific Trade Organization in Geneva before assuming management of the central bank. Is an international expert in the economics of public finance. Legal sources said the parliamentary time to stop Shabibi his work is not the prerogative of the government and return to parliament as the central bank of independent bodies of the Parliament. The sources added that a new violation of the Constitution. She explained that the appointment of a Turkish place Shabibi also is a constitutional violation because the appointment of the Governor of the Central Bank is the validity of the parliament, not the government.
Shabibi rejected the decision by Prime Minister Nuri al-Maliki to inflict the central bank as an independent body to parliament.
Shabibi parliament backed in his position, forcing Maliki to retreat.
United Central Bank of Iran's ability to pull hundreds of millions of dollars from the Iraqi market to support its economy, which is suffering from the effect of sanctions on the expense of the Iraqi dinar.
Shabibi rejected the government's desire to bite into the Iraqi currency as a reserve would lead to the deterioration of the value of the Iraqi currency.
The Integrity Commission's decision was issued against Iraq Shabibi through its representation in the global conference was Tokyo Macoda.
Said Ali al-Moussawi, a media adviser in the prime minister, said the Council of Ministers voted to assign Abdul Basit Turki Chairman of the Board of Supreme Audit, the Directors of the Central Bank until further notice, adding that the judiciary had decided to withdraw the hand Shabibi, current governor of the Central Bank.
Moussawi said that after the fluctuation of the exchange rate of the dinar has formed a committee in the House of Representatives to investigate headed by Vice President of the Council Qusay al-Suhail and after a lengthy investigation found negligence by the Governor of the Bank and others.
He said the committee submitted its report to the Integrity Commission official dealing with the fight against corruption in government departments and decided to withdraw the hand-Shabibi and others, he said, adding that when the government became front actually decided to appoint a personal won nearly unanimous.
The Integrity Commission spokesman Hassan Aati told yesterday that the Authority received a special file by the Central Bank of the Parliamentary Integrity Committee and the investigation is ongoing.
And in turn, chairman of the Parliamentary Integrity Committee Bahaa al-Araji said warrants issued but no warrants have been issued a travel ban, noting that the number of arrest warrants reached thirty memorandum include bank governor and his deputy.
An official at the Ministry of Justice that the Supreme Judicial Council is responsible for issuing arrest warrants similar.
Araji said the issue is not about money but about the procedures and instructions led to the increase in the price of the dollar against the Iraqi dinar and the low price of the dinar.
The Central Bank Governor Sinan al-Shabibi, who has been in office since 2003, said in contact with AFP from Tokyo two days ago I do not know anything about it and, God willing, there will be no arrest warrants.
And witnessed the exchange rate of the dollar in April, the highest level in front of the dinar since nearly four years in the local markets, a 1320 dinars per dollar, after it was steady at 1230 dinars to the dollar.
Shabibi said then to AFP that the political situation is relatively stable in Iraq and the surrounding area has created a great demand for the dollar, which led to higher currency exchange rate recently, in particular reference to Iran and Syria and the sanctions imposed on these countries.
It is noted that the Federal Supreme Court issued in January 18, 2011 decision to link the Central Bank of the Cabinet reasoned that the predominance of the executive of the Bank and its activities.
The central bank governor warned after the adoption of this resolution the risk of its application because it will lose Iraq, which is considered one of the most corrupt countries in the world, has the responsibility to protect his assets abroad, he says.
The Iraqi government has taken in its yesterday several decisions relating to the Central Bank, including the formation of a committee headed by a representative of the World Bank and the membership of representatives of the ministries of interior, finance and trade shall exchange information on the movement of currency sold by the bank.
Editorial: Why Shabibi? : Posted: October 17, 2012 ; Despite being sacked in a way disgraceful not worthy of government that respects itself, I have no minimum sense of fear to put Central Bank Governor Dr Sinan Shabibi not on his future or his reputation professional and national gotta absolute confidence that the security in return for corruption charges against him, which amounted to a warrant of arrest and depose him as he represents the country at an international conference in Japan.
I say this because I am fully aware and convinced that there is a plan hellish behind the campaign on one of the highest national competencies and most integrity. I say this because I am very conscious of the happenings Aghbar time in which we live now in a political system can only be a deadly feud with Shabibi and his ilk of national competencies fair.
Our political system is based on quotas and compatibility, and who come to power when they came to the half-rule chairs certificates, and many of them forged certificates and documents, and Berba and competencies tenths experiences .. And tithes parts of the national. The rulers of this kind shiver Fraúsm and Ajavihm sleep presence of personalities from the pattern Shabibi in leadership positions.
I am not afraid to Shabibi, but trembling in fear on the youth of Iraq, of the university students, schools and unemployed graduates and the lucky ones who finally found jobs .. I am afraid they and I Otsourhm getting frustrated and Atdhaafon despair of the future of their country, which is their future with a system that does not shy away from oppression efficiencies country relying on reconstruction. Story Shabibi is the story of thousands of qualified and experienced national pariah in our state for benefit of stateless science and knowledge of forgers and thieves who came their quotas sectarian and partisan consensus and personal, Vzarroa ruin the country inherited from Saddam’s regime in ruins seems as if not inextricably.
Do not fear the reputation Shabibi, A defamation campaign suffered before being sacked purpose was pressure on him to leave office for thieves adults.
Shabibi target time ago in the context of a government campaign comprehensive appended bodies and independent institutions the government in order to become tools in the hands and those who made it and thieves of public money who do not execute the means to secure what they want and to protect themselves and ensure the continuation of looting, and this means the removal of honest country from office and put it in the hands of their partners in “Aharmna”.
Unethical campaign Shabibi began three years ago after he sought to dismiss four of the bank officials involved with corruption in connection with a document gods power. And was met with such an endeavor to issue an arrest warrant is causing canceled interventions from the Presidency of the Republic and the United Nations Mission and some leaders of political blocs and the head of the Supreme Judicial Council, which was called upon by one order of note!
The renewed campaign two years ago after he refused to Shabibi request lend the government $ 5 billion claiming complete the 2011 budget, as it was his opinion that there is no justification for the loan, which will hurt the reputation of the bank and its performance, calling in contrast to the use of the surplus in the previous budgets to supplement the budget, a surplus estimated at more than loan amount required.
Has proven to be Shabibi was right, the government could not even spend the surplus from previous budgets, and the 2011 budget itself.
Who left the trade ministers, former defense and dozens of other top-thieves fleeing sentences including pregnancy overthrew Shabibi without them Square Central Bank prepared by the thieves of public money gate of heaven.
Leader in Maliki’s coalition: Defenders of CBI are allies of the auction or financiers of terrorism
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: bank, Central bank, Central Bank Iraq, Central Bank of Iraq, Iraq, Iraqi dinar, iraqi list, List of banks in Iraq, Sinan Al-Shabibi
17/10/2012 – 11:52
considered leader of the coalition of state law, led by Prime Minister Nuri al-Maliki, Wednesday, that the advocates of the central bank are politicians Mentfon of Mzhadath and financiers of “terrorism”, accusing some politicians affected by the suspension of corruption in the bank to stand behind, as he emphasized that Committee set up by Parliament Speaker to investigate the bank’s policy includes the majority of the political blocs.
said Kamal Saadi in an interview for “Alsumaria News”, “who defend what is happening in the CBI are three categories,” noting that “First are the owners of the banks who working under interfaces political and the second category by some politicians and MPs who enter auctions bank interfaces and reaping millions of dollars. ” said Saadi that “the third category are those who finance terrorism,” adding that “part of the bank money goes to Beirut, Amman and Dubai,” he says.
confirmed Saadi, a member of the Integrity Committee that he “does not accuse Bank Governor Sinan al-Shabibi, but accused some politicians who have been affected a lot of suspended operations corruption in the Central Bank.”
and denied Saadi that “the committee set up by House Speaker has seized by a coalition of state law,” confirming that it “includes expensive political blocs.” and Iraq’s cabinet decided, on Tuesday (October 16, 2012), the prime BSA Abdul Basit Turki management position central bank governor and agency. quoted a number of media, Sunday (14 October 2012 ), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, saying that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad. was Committee member investigative on the work of the Central Bank of Haitham al-Jubouri said, in (14 October now) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival of the conservative abroad will prove corruption charges. demanded the Finance Committee in the House of Representatives Iraqi, (mid-October 2012), indictees central bank governor providing evidence, while some expressed fear that the accusations were “targeted politically” for the bank.
accused the Iraqi List led by Iyad Allawi, in (14 October 2012), some political forces to ” attempt Nile “the independence of the Central Bank of Iraq, arguing that the independence of the Bank are necessary to keep the dinar exchange rate and protect the currency and prevent inflation, while government held responsible for investigating money laundering and disclosure of beneficiaries.
was House Speaker Osama Nujaifi revealed, in (7 October First 2012), about 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 the issue. central bank held the Iraqi daily sessions for the sale and purchase of currencies Foreign participation of Iraqi banks, excluding public holidays on which depends the Bank for these 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 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 Auction positives in reducing inflation and control the value of the Iraqi dinar.
In his first statement after his dismissal decision; Shabibi: Like Allawi I raise suspicions about Maliki, who rush decision to sack me
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Ayad Allawi, Central bank, Central Bank Iraq, Iraq, Maliki, Nouri al-Maliki, Sinan Al-Shabibi, Tokyo
On: Wednesday 10/17/2012 01:40 pm
He Central Bank Governor Sinan al-Shabibi news that talked about his dismissal, Blur, calling Prime Minister Nuri al-Maliki to prudence in decision-making and make the interests of Iraq above all levels …
Shabibi said who has been in office since 2003, said in contact with AFP from Tokyo after news of his dismissal: “I do not know anything about it and, God willing, there will be no arrest warrants.” Noting that he met on his way to attend an important conference Iyad Allawi, raising doubts as to the Prime Minister,
He added: “The political situation is relatively stable in Iraq and the surrounding area has created a great demand for the dollar which led to a rise in the currency exchange rate recently,” he said, referring especially to Iran and Syria and the sanctions imposed on these countries.
And witnessed the exchange rate of the dollar in April its highest level against the dinar since nearly four years in the local markets, a 1320 dinars per dollar, after it was steady at 1230 dinars to the dollar.
And the Iraqi government designated a new interim conservative central bank to replace the current governor suspended his order of the court.
Integrity Commission not to reveal all the names involved corruption to the CBI : Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Finance Committee, Iraq, iraqi list, Money laundering, Nouri al-Maliki
17/10/2012
BAGHDAD / JD / .. hinted Economic Commission parliamentary and collusion and lack of transparency of the report of the Committee Althakikh formed specifically work the central bank.
referred to the judiciary issued an arrest warrant against Central Bank Governor Sinan al-Shabibi against the backdrop of suspicions of money.
According to the report submitted by the committee supervising The Central Bank, which included both of the heads of the two financial, economic and BSA under the supervision of First Deputy Speaker of Parliament Qusay al-Suhail: that investigations proved the existence of sale of foreign currency to banks and corporations themselves and that has smuggled to neighboring countries.
Chief Economic Commission parliamentary deputy for the Iraqi List Ahmed al-Alwani’s / JD /: “The non-disclosure of the Finance Committee for the names of political figures involved with money laundering, which hinted it proves collusion and lack of transparency in the work of the Special Committee action the central bank, calling to reveal the names of politicians involved and not to politicize the investigation.
added Alwani “The proven negligence in the work of the central bank does not require libel someone Shabibi, praising his work recently to preserve the dinar exchange rate and reducing inflation.
and continued that this issue is not where targeting personal and sectarian as it is trying to find out some suspicions raised about auction currency of keenness public money, and the door to the House of Representatives is on monitoring the work of the bank independent in accordance with the Constitution.
was Parliamentary Finance Committee, revealed the existence of mafias control of the currency auction earns everyone of them about $ 5 million, noting the presence and held the Finance Committee in the Iraqi parliament conference Press a few days ago, made the involvement of (5-6) political figures with money laundering.
A member of the Finance Committee parliamentary deputy state law Haitham al-Jubouri in an earlier statement / JD /: that the Committee concluded documents and recordings of a number of politicians accused of money laundering and depositing in banks Albuldna neighboring. “
said Jubouri that “politicians involved laundering money they deposit large sums in banks Emirates, Jordan and Lebanon.”
He believed not familiar with the central bank governor this breaches and mafias completed money laundering in collaboration with networks within the bank.
revealed Jubouri ” formation of a committee soon from Parliament based on Article 103 II of the Iraqi constitution to uncover the truth names involved money laundering, Mtdarka: But there are still some doubts, you must make sure that the archives and information in detail.
hinted member of the Finance Committee to parking big heads behind these mafias.
was Commission decision Iraqi List MP Ahmed electrodes confirmed L / JD /: “The numerous attempts by the government is seeking to undermine the independence of the central bank.” (to him).
did not reveal electrodes What are attempts by the government to control the central bank.
The government has denied seeking to link the bank .. The Secretary General of the Council on the Keywords in an earlier statement that “the Iraqi government did not ask for linking the central bank council or even trying to weaken its independence”.
was Iraqi Parliament Speaker Osama al-Nujaifi stressed the need for non-dependency bank to the government, so as to prevent the seizure of Iraq’s money or implementation Conditions International issued against him by creditors.
while warned Parliamentary Finance Committee of the danger of attempts on the reserve of Iraq’s $ 64 billion.
was brought Najafi message to al-Maliki, after authorization granted by the Federal Court for the owners to control the independent institutions and attached to his office PC, asking him not to intervention in the things of the Central Bank and a statement of the functions and duties of this bank, which is one of the independent institutions.
Deputy: no parliamentary investigative Committee is entitled to issue a warrant against the Governor of the Central Bank and Advisor. And its decision must be reviewed
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Arrest warrant, Baghdad, Central bank, Central Bank Iraq, International Monetary Fund, Iraq, United States Senate Committee on Finance, World Bank
Date: 2012-10-17 10: 44: 33 Wednesday
Baghdad (newsletter) … Finance Committee member criticized the Deputy Iraqi coalition/Hassan aozmn Al-Bayati, the investigative Committee’s decision problem for violations of Central Bank action in issuing arrest warrant on Bank Governor and Adviser, it not work but the competence of the judiciary, calling the reconsider its decision in order to preserve the reputation of the national economy before the States.
He said Al-Bayati (News News Agency): that the functions of the parliamentary investigative committee work the problem is check on the work of the Central Bank auction and how to carry out the sale and purchase of hard currency if proof of violations and corruption Commission is supposed to report to the Commission of integrity or the Iraqi Judicial Council proves it, continued: the final decision stays but the judiciary in the country.
He added: the investigative Committee’s decision to issue arrest warrant against Central Bank Governor and Adviser is unprofessional, you should reconsider its decision in order to preserve the reputation of the national economy to international organizations such as the World Bank and the International Monetary Fund, noting that they are especially concerned about what is happening in Iraq to the Central Bank.
He was the parliamentary investigative Committee issued a memorandum dumping arrested 18 personnel from the Central Bank, including the Central Bank Governor and Adviser without reference to a Committee.
The Oversight Committee problem before the parliamentary Finance Committee members (Al-yasiri and Ahmad Ibrahim Abdul Hussein and Majida Al-Tamimi) has announced the suspension of investigative Committee to protest against a decision by the Central Bank right.
Member of the Integrity Committee: Warns of GOI’s intention to acquire independent bodies (CBI)
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Electoral Commission, Iraqi dinar, London, Sinan Al-Shabibi, Tokyo
17/10/2012 – 11:42
warned a member of the Parliamentary Integrity Committee Aziz Ugaili, Wednesday, of the existence of “intent” of the Government to acquire the independent bodies and make them subordinate to it, considering that the investigations on the central bank should be kept secret in order to preserve the reputation and value of the Iraqi dinar.
Aziz said Ugaili In an interview for “Alsumaria News”, that “there is a deliberate intention to acquire independent bodies by the government, in order to be those bodies are not independent,” noting that he expected “the charges against the Central Bank long been especially after the accusations made against the independent bodies other Kalnsahh and the Electoral Commission. ”
He Ugaili, a deputy from the mass citizen that “the Integrity Commission did not participate in the ongoing investigations against Central Bank President and Vice President,” stressing that “the Commission, which was formed in this regard was chaired by the Deputy Speaker of Parliament Qusay al-Suhail and office of the Chairman of the Finance Committee Haider Abadi, a member of the Committee Haitham al-Jubouri, and two of the same mass as well as a representative of the Office of Financial Supervision and the Integrity Commission. “
said Ugaili that “the Commission has found corrupt, but we do not know its nature,” adding that “the investigation continues, no proof of corruption the head of the central bank so far, which is condemnable. ” He Ugaili hope that “not be an issue as an issue كمفوضية Independent Elections, which has accused Commission President and proved the court his innocence,” stressing that “it should have been investigated a secret in this case to preserve the currency and reputation and the value of the Iraqi dinar, but the media hype is true. “
The Cabinet voted during its regular, on Tuesday (16 October 2012), the mandate of President BSA Abdul Basit Turki assume management position central bank governor and agency. were a number of ways Media transfer, in (14 October 2012), sources oversight that the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi and his deputy appearance of Mohammed Saleh on corruption charges, also pointed out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, stressing that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad. stressed committee member investigative on the work of the Central Bank of Haitham al-Jubouri, in (14 October 2012) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival Conservative abroad will prove corruption charges.
referred to the Federal Court formed a committee headed by Judge Medhat al-Mahmoud and membership of a number of judges in January 2011, research and trading in the request from the Prime Minister’s Office on the second of December of last year, to clarify the official bodies that associated bodies, and the Court, on the January 20, 2011) decision to attachment independent bodies referred to in the Iraqi constitution headed by Minister directly, not the Council of Representatives.
Article (102) of the Iraqi Constitution, that the UN High Commissioner for Human Rights and the Electoral Commission for elections The Integrity Commission, is independent bodies under the control of the House of Representatives and organize their work law, while Article (103) that is both the CBI and BSA and Communications and Media Commission and Endowment, bodies financially and administratively independent, law regulates work of each of them and be the Central Bank accountable to the Iraqi Council of Representatives and the associated BSA and CMC House.
CBI: The financial sector has witnessed high and liberal Iraq still follow the pre-market economy
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Financial services, Iraq, Iraqi dinar, List of banks in Iraq, Sinan Al-Shabibi
Author: HM Editor: CC | GS Wednesday 17 v 1 2012 08:14 GMT
Deputy Governor of the Central Bank the appearance of Mohammed Saleh
Considered the Central Bank of Iraq, Wednesday, that the financial sector has seen a liberal high not borne by Iraq, and stressed that he still follow the pre-market economy, pointing out that the other “does not understand” in foreign exchange operations.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “financial sector in Iraq witnessed a liberal high is not borne by the country which is still tracking an economy by the market,” noting that “this sector has seen a market economy is very high as well as high openness in the development of the country is weak and has high resources and did not move to a market economy after properly. “
Saleh added that “the money out of Iraq is part of the liberal high which is supposed to be Iraq believer,” noting that “this liberal believes in the free economy which allows every citizen to transfer money abroad.”
Saleh also highlighted that “there is a lack of understanding among some of the transfers who seem to think that all the money that comes out of Iraq is money laundering, which is part of the liberal high,” asserting that “money laundering is one of the issues of hazardous resulting from major crimes of murder or theft large and must know the source of the dinar person who wishes to convert. “
The Cabinet voted during its regular Tuesday (16 October 2012), the prime BSA Abdul Basit Turki take over the management of the post of Governor of the Central Bank and the Agency.
A number of media, in (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that the latter fled abroad after the issuance of the note, with the bank denied the news, saying that Governor is currently involved in an annual conference in Tokyo and will return to Baghdad.
And was a member of the investigative committee on the work of the Central Bank of Haitham al-Jubouri confirmed, (14 October 2012), the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and what was seen that the survival of portfolios abroad will prove corruption charges.
And demanded that the Finance Committee in the Iraqi Council of Representatives, the first on Monday (15 October 2012), Central Bank Governor indictees providing evidence, while some expressed fear that these accusations are “politically targeted” for the bank.
The central bank announced in January 2012, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market, in addition to higher sales of hard currency back to finance trade neighboring countries by Iraqi traders, noting that sales of hard currency during the beginning of the current year reached double what was sold during 2011.
And committed the CBI in February 2012 all Iraqi banks participating in the auction for the sale and purchase of foreign currency must disclose its clients as a condition of access to foreign currency.
The law against money laundering Iraqi in 2004, put control procedures due to institutions, especially banking, including, as provided lists of the Security Council Committee No. 1267 of the law against money laundering which stipulates the Iraqi Central Bank left and providing financial institutions a list of individuals and institutions that have the financial institutions to report to the body concerned for the Iraqi government for its dealings when they are discovered.
Noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays which depend on these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.
Proxy Governor of CBI: Report Audit reservation on some transactions currency auction
Posted: October 17, 2012 in Iraqi Dinar/Politics
Tags: Central bank, Central Bank Iraq, Council of Representatives of Iraq, Iraq, Iraqi dinar, iraqi list, List of banks in Iraq, Tokyo
Editor: HAH | AA Wednesday 17 v 1 2012 11:41 GMT
Governor of the Central Bank and Abdul Basit Turki Agency
revealed Iraqi Central Bank Governor agency Abdel Basset Turki, Wednesday, that the report of the BSA reservation on some transactions currency auction, while stressing that the results of the investigation will be presented to the public after the completion, expressed the hope that freezing does not affect Shabibi on trading bank with international banks.
said Abdul Basit Turki said in an interview for “Alsumaria News”, “report the BSA, which was sent to the Integrity Commission about the existence of corruption in the Central Bank guarantee check transactions currency auction of the period between the first of January last Until the beginning of last August, where there have been cases of the absence of follow-up and monitoring of private banks, “asserting that” the report reservation on some transactions auction hard currency conducted by the bank. “
said Turki that “results of the investigation on the existence of corruption in the Central Bank will announce to the public until completion of the investigation, “and expressed hope that” freezing does not affect Shabibi on the Bank’s work and dealings with international banks. “
He Turkish that “the continuation of the currency auction and support the right direction is necessary,” stressing the importance of “to be of transactions in the bank transactions real” .
and Iraqi Council of Ministers decided, on Tuesday (16 October 2012), the prime BSA Abdul Basit Turki management position central bank governor and agency. quoted a number of media, in the 14 of October 2012, sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, saying that the governor participate in an annual conference in Tokyo and will return to Baghdad. and was a member of the investigative about the work of the Central Bank of Haitham al-Jubouri confirmed, in the 14 of October 2012, arrest warrants were issued and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival of the conservative abroad will prove corruption charges.
demanded the Finance Committee in the Iraqi Council of Representatives, the first on Monday (15 October 2012), indictees central bank governor providing evidence, while some expressed fear that the accusations were “targeted politically” for the bank. accused the Iraqi List led by Iyad Allawi, in (14 October 2012), some political forces “trying Nile” the independence of the Bank CBI, arguing that bank independence necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for investigating money laundering and disclosure of beneficiaries.
was House Speaker Osama Nujaifi revealed, 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 the issue.
central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception public holidays on which depends the Bank for these 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 an increase exchange rate months ago, while MPs demanded that the government should initiate to stop the sale of 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 in reducing rates of auction inflation and control the value of the Iraqi dinar.
President Talabani meets for the second time with al-Jaafari in two days to discuss ways to end differences 12:28:18 / 10/2012
Side of the meeting
Khandan - met with President Jalal Talabani, for the second time with the president of the National Alliance Ibrahim al-Jaafari, in two days.
A statement for the presidency of the Republic of Iraq, President Talabani received in his residence in Baghdad on Wednesday, 17/10/2012 evening head of the Iraqi National Alliance Ibrahim al-Jaafari, in the context of the completion of the process steps to accomplish the reform steps that take place on the overall political process.
The statement added that he was stressed during the meeting that the direct and constructive dialogue and practical steps are ways to end the differences and restore the atmosphere of confidence among all political parties.
The statement indicated he was an exchange of views on further all political parties and figures to make sincere efforts to remove the obstacles that stand in front of the reform process and achieve national goals outstanding.
It was also stressed that the opening to all the visions and the papers presented from all parties and national symbols will absorb and employ all the energies and possibilities to resolve outstanding problems and the establishment of the democratic process on valid grounds and building the new Iraq.
He was President Jalal Talabani and Prime National Alliance Ibrahim Jaafari, confirmed late Tuesday, 16/10/2012, the need to respect the parties and political figures all, to foster closer unity, and discussed practical steps to continue the reform process between the political parties, and the results of dialogues conducted by the President of the Republic during the the last period.
He also stressed the need to preserve national unity, and to intensify efforts to overcome the obstacles that stand in the progress of the political process, and the need to complete the dialogues with powers and respect for the parties and all political symbols, to forge national unity.
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