Thursday, October 25, 2012

Rapporteur of the Committee on Economy: Dealing "Panevaalah" with the issue of the central bank will affect the financial situation of the country

 25/10/2012

Baghdad (news) .. Warned the decision of the Economic Commission MP / coalition of Kurdish blocs / Mahma Khalil, the probability of the impact the current issue of the Central Bank on the financial situation in the country in terms of lack of stability of the dinar exchange rate and prejudice Iraq's international reputation in the field of monetary policy.
Khalil said (of the Agency news) on Thursday: Dealing with the issue of the central bank and the province, "Panevaalah" by the investigative parliamentary and some stakeholders will affect the financial situation in the country and ستزعزع of Iraq's status of international hand cash transactions with international banks.

He added: supposed to be dealing with the issue of central bank professionally and efficiently away from the emotions and prefer to present to the House for discussion and development of solutions to them, because it is a sensitive issue and would hurt the balance sovereign country and adult (70) billion dollars.

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, 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. / end / 8. n. p /