Saturday, November 3, 2012

Mohammed Ugaili likely selection of a subsitute for Shabibi Next week

03/11/2012

Mohammed Ugaili likely selection of a substitute for Shabibi next week

BAGHDAD / JD / .. According to a member of the House of Representatives deputy state law Mohammed Ugaili names advertised in the media to take over as central bank governor is not the fact, likely to be selected alternative Shabibi next week.
Ugaili said L / JD /: "The corridors of the House of Representatives trading names is three characters that nominated for the position of" Sinan Shabibi, "noting that the non-disclosure and confidentiality them comes in the framework to avoid that there is clamor in the subject or the circumstances of the sensitivity of the central bank" .
And MP, figures will be included aspects of differentiation, efficiency, integrity and management, and improve proficiency in the management of this institution and the House of Representatives will agree on the choice of one over the next week with Iraqi parliament sessions started.
Noteworthy that the judiciary has issued an arrest warrant for Shabibi Iraqi Central Bank Governor Ali financial background suspicions.
According to the report submitted by the committee overseeing 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.
The Cabinet decided then assigned Chairman of the Board of Supreme Audit Abdul Basit Turki management position of Governor of the Central Bank and the agency, with the issuance of the Judicial Council arrest warrant against former central bank governor and a number of officials in corruption cases.
And was a member of the Finance Committee MP Magda Tamimi had described the report issued by the Presidency of the Parliament on the central bank Palmtsra and unprofessional.
Media and trading names for the post of Governor of the Central Bank, and conflicting number between three and four figures are "Zia Alckheon, safety Smeisim, the appearance of Mohammed Saleh, and Ahmed ÇáČŃíĺí. / End / 11 n

To ensure the transparency of its work .. Former deputy warns of withholding the announcement of the auction sale of hard currency at the Central Bank

 11/03/2012

Baghdad (news) .. Warned a former member of the House of Representatives Abdul Hadi al-Hassani, making the work of the central bank auction for the sale of hard currency is a public front companies and the public because it will lead to financial corruption and affect transparency.
He said Hassani (of the Agency news): Can not the central bank may resort to withhold the announcement of the sale of foreign currency in the auction for it will affect the transparency and integrity of the central bank, adding in saying can take temporarily to keep the dinar exchange rate and then because selling public.

He praised MP Hassani: monetary policy pursued by the central bank, describing It Balrsana helped the quasi-stability of the exchange rate of the dinar against the dollar after he saw a big drop in front of difficult international currency, likely that the dinar witnessed a significant improvement in its price against the dollar in the coming period.

The Iraqi Central Bank may withhold the announcement of the auction during the last two days without knowing the reasons, where the auction is held five meetings in the bank week from Sunday to Thursday of each week.

The Cabinet decided earlier assigned Chairman of the Board of Supreme Audit Abdul Basit Turki Department of the Central Bank of Iraq to succeed former Governor Sinan al-Shabibi. / End / 8. N. P /