Adviser: The Central Bank is not a corridor for criminals and smuggling and ready for accountability

 8/11/2012

Baghdad (news) .. central bank adviser said the appearance of Mohammed Saleh, the central bank ready to be accountable to the House of Representatives and ready for the disclosure of all information held by the Finance Committee and to assist them to find the information you need.
Saleh said (of the Agency news) on Saturday: The Central Bank is not a corridor for criminals and smuggling of money as claimed by some members of the Finance Committee, a prestigious institution with a prestigious history, indicating that the central bank is ready accountable to the House of Representatives.

He added that Article (103) of the Constitution provides for the accountability of the central bank in front of the House of Representatives if there is any doubt in the work of the Central Bank a right of the Finance Committee after the Ministry of Finance.

He pointed out: that the bank would cooperate with the Finance Committee to detect people who want to tarnish the reputation of the bank through the work of smuggling, if any, praising, the work of the financial and control of the central bank for the detection of terrorists and smugglers of public money.

He said: that the most important elements of governance of the Central Bank is the accountability, transparency and disclosure to create an atmosphere appropriate to the Finance Committee to search for terrorists in the Central Bank. / End / 21. D. Q /

 

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Expert: Iraqi funds frozen in a huge global banks and the central bank bears the responsibility for not retrieval

  8/11/2012

Baghdad (news) .. Stressed financial expert Mohsen Ali, the importance of investment in Iraqi funds frozen in international banks serve the strategic projects of the country, blaming the central bank responsible for not recover that money because it can recover through its external relations
Ali (of the Agency news) on Saturday: The central bank bears the greatest responsibility not to invest in Iraqi funds frozen in international banks, amounting to more than (62) billion dollars, because it can connect to global banks and the recovery of the money of the country.

He stressed: that the large size of the frozen funds if invested properly to have achieved substantial financial resources of the state, as well as benefit from the implementation of investment projects and services, in addition to that it will solve a lot of service problems experienced by the Iraqi citizen, such as electricity, housing and others.

According to international reports to Iraq's possession of large sums of money frozen in international banks, which dates back to the officials of the former regime were frozen after the fall of the year (2003). / Finished / 8. D. Q /

 

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Member of Finance Committee: Iraq will face many economic crises in the next stage

 8/11/2012

Baghdad (news) .. likely a member of the Finance Committee MP / National Alliance / Magda al-Tamimi, for many economic crises in the country during the next phase, due to continued volatility in oil prices will affect the public budget and a lot of projects are interspersed.
Said Tamimi (of the Agency news) on Saturday: The oil is now in a dangerous situation and the state at a sensitive stage, because of the effects of the Syrian situation by situation in Iran and its threat to the continued closure of the Strait of Hormuz, as well as the political crisis in Iraq, and all these factors affect the Iraqi currency.

She added that the export and the price of oil had been unwavering during the last stage, and Iraq is not up to now to the volume of production, which was adopted in the budget, calling the policy decision to be conservative side of safety.

She explained: it is not with the expenditure of any imports coming into the state treasury, as there must be balance to the crises facing Iraq could in the future.

And seemed to influence the Syrian situation in Iraq and clearly economically and politically, where a rise of prices of fruits and vegetables, food and various goods deployed in markets where they come from Syria, as well as Iran's threat to the continued closure of the Strait of Hormuz in the event of a military strike, which leads to obtain significant economic losses in Iraq and the countries that benefit from this strait. / Finished / 5. d. Q /

 

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National Alliance: Meeting Allawi and Maliki should be a national interest of the country

 8/11/2012

Baghdad (news) .. Called MP / National Alliance / Waeli faith, both Prime Minister Nuri al-Maliki and the Iraqi leader Iyad Allawi to meet, noting that their meeting was a national necessity in the interest of the country.
The Waeli (of the Agency news) on Saturday: The votes obtained by the al-Maliki and Allawi makes them weight can not be ignored and are a national figures, which manages the political process since 2003 and that the meeting would end all the problems, in order to devote themselves to building the country and strengthen the state in all corners and Moisadtha.

He added that the dispute and the dimension of the current between the two parties is not due only detrimental to the citizens in a time of street tension and clear, and people suffering from the failure to provide services as required, and this will only be achieved through the construction and ages, which is the responsibility of parliament and the government, which is where Maliki and Allawi limbs important.

Said: This should meet the political parties and stop the dangerous escalation of the media that launched some of the characters, bloodshed and to stop bleeding assassinations and terrorist bombings. / Finished / 4. D. Q 

 

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Parliamentary Finance: Central Bank tries to uniqueness by its decisions without reference to the government and the House of Representatives .. and the law needs to be modified

 8/10/2012

Baghdad (news) .. Accused member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, the central bank by trying for the uniqueness of the important decisions regarding monetary policy of the country without consulting the government and the House of Representatives, calling to amend its law in terms consistent with the nature of the national economy.
Jubouri said (of the Agency news): The Iraqi Constitution provides in Article (103) in paragraph II that the central bank is an institution financially and administratively independent, but continued to control the House of Representatives and he must consult with the executive and legislative branches before making important decisions on fiscal policy and monetary of the country.

He went to say: that officials at the central bank trying to exclusivity their decisions without reference to the government and the House of Representatives to express their opinion and consultation with them, which led to a confusion evident in the work of the Central as a matter of public auction for the sale of currency manipulation and fraud and the entry of mafias economic trying to control the market and not to activate the Anti-Money Laundering No. (93) all came as a result of central bank policy is clear.

He pointed out: that the Central Bank Law No. (56) which was issued by the Coalition Provisional Authority after a year (2003) a lot of contradictions in some of the paragraphs of which go to the central bank body fully independent of Government and the Council of Representatives and the other paragraphs require the central bank coordination and consultation with the executive and legislative branches in the country before making decisions.

He continued, making an urgent need to amend the law in terms consistent with the nature of the economy and fiscal policy of the country. / Finished / 8. N. R /

 

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Attorney Fayez: Percentage of smuggling hard currency abroad began less .. And the difficulty of control of money laundering

 8/10/2012

Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / National Alliance / Amer Al-Fayez, that the rate of smuggling hard currency abroad began less thanks to the actions taken by the Central Bank, based on the difficulty of controlling the phenomenon of money laundering in the country because they take place in different ways.
He said Fayez (for the Agency news) Friday: The Economic parliamentary met with the Central Bank and reviewed the figures for the proportion of an operation to smuggle foreign currency abroad, it was noted that they exist, but a little is the proportion of naturally occur in all countries of the world and is influential on the national economy.

He continued, indicating that the ratio started less than in the previous period, thanks to the actions and plans taken by the central bank to reduce these operations, talk about the smuggling of currency by some exaggerated a lot.

He added that the phenomenon of money laundering can not be easily controlled because it processes take place in several ways and by experienced outlaws bent on the destruction of the national economy and local currency exploit some aspects of political and often began to be directed by the neighboring countries.

The member of the Committee to: speed up the passage of the law against money laundering to reduce these operations in the country because he can not be any country that eliminates the phenomenon of money laundering in full. / Finished / 8. N. R /

 

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Leading role in Iraq: Paper reform last chance .. And the National Alliance closer to the "procrastination" of reforms

 8/10/2012

Baghdad (news) .. back in the leadership / coalition in Iraq / Mohammed al-Tai, and the reform paper as the last chance for the continuation of the political process before the collapse, noting that the National Alliance closer to the "procrastination" of reforms.
Tai said in a statement (of the Agency news): The reform paper presented by the National Alliance will be the last opportunity for the continuation of the government and the political process or Nfratha.

He added that the political blocs (the National Alliance, the Iraqi List, the Kurdistan Alliance) is convinced that the lack of agreement on a sheet of genuine political reform there is no justification for the continuation of the government.

The leader of the coalition in Iraq to: that the statements of the President of the House of Representatives Osama Najafi, who opaque paper that the questioning of Prime Minister Nuri al-Maliki "frozen" and says over and this means that in the event of failure to implement reforms, the paper will be questioning.

And the Tai: indicators that demonstrate that the paper reforms put forward by the National Alliance for more than a month there is no real and serious desire fixed in the application of reform paper are closer to the procrastination of it to seriously.

The head of the House of Representatives Osama Najafi, said earlier that Iraq is exposed to real risks, because of the political crisis, calling for the media to stop escalation between the political blocs.

Najafi said in a press conference in the House of Representatives attended the reporter (news) on Wednesday: The political problem still exists and the issue of reform is necessary to stop the deterioration and to find commonalities, warning that any delay or procrastination or lack of seriousness in the reforms, they will exacerbate the crisis.

He pointed to: a series of dialogues that took place between him and Prime Minister Nuri al-Maliki and President of the Islamic Supreme Council Ammar al-Hakim and the National Alliance leader Ibrahim al-Jaafari, confirming that it is fruitful dialogues, serious, and will contribute to resolving the crisis. / Finished / 2. D. Q /

 

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