Iraq calls for free to open an investigation to "breaches" the Central Bank and calls for the government to intervene

04/13/2012 - 11:48

Sumerian News / Baghdad

Called on the Iraqi bloc of free, on Friday, to open an investigation into the reports about the presence of breaches in the work of the Central Bank, as called for government to intervene in the event proved it.

The bloc said in a statement released today, has received "Alsumaria News," a copy of it, that "to talk about some of the parties on the presence of breaches in the work of the Central Bank recently, especially in relation to fall in the value of the Iraqi dinar against the U.S. dollar requires validation", calling for "The formation of parliamentary committees of inquiry, administrative and stand on the circumstances of the case."

The bloc demanded the government to "intervene to save the Iraqi economy, if confirmed, matter, and to hold negligent who caused the fall in the value of the national currency."

The Cabinet decided, on Thursday (April 12, 2012), to wait in the application of the deletion of zeros from the national currency, while the Commission considered the economic parliament that the decision is not within his powers, and demanded that the House of Representatives to prevent the government from "overtaking" the work of the Central Bank, stressing that reference the last is the Parliament.

The Cabinet-face, in the April 11, 2012, to form a committee to study the fluctuation of the exchange rate of Iraqi dinar, as he emphasized that the Committee will provide the appropriate solutions to prevent harm to the national economy.

The head of the House of Representatives Osama Najafi, on April 10, 2012, that the Council will host a Bank Governor Sinan Shabibi at a hearing to show the issue of the exchange rate of the dollar against the Iraqi dinar, while Shabibi attributed the causes of rising to the weakness of domestic production and the weakness of the government's actions.

The Iraqi market is currently witnessing a rise of the U.S. dollar against the Iraqi dinar, as sales rose from the Iraqi Central Bank foreign currency, while the central bank attributed the cause in addition to the financing of trade from neighboring countries before the Iraqi traders.

The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in January 19, 2012, for raising the price of the Iraqi dinar against the dollar during its sessions for buying and selling foreign currencies at the rate of four dinars, pointing out that the price of the dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar.

The Central Bank of Iraq by January 15 in the buying and selling of the dollar and the price (1166) during the auction, which is evaluated daily and with the participation of 23 banks, after it was the buying and selling of the dollar price of 1170 dinars to the dollar.

It is noteworthy that the Iraqi bloc of free set up, in the April 9, 2012, which included five deputies dissident bloc white was its members had defected a year ago for the Iraqi List led by Iyad Allawi, are Qutaiba Jubouri and Mohammed Daami and high-Nassif, safe, Saadi and Zuhair Araji.