Mohammed Ugaili likely selection of a subsitute for Shabibi Next week

03/11/2012

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

Link

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 /

 

Link

Finance Committee action against the central bank suspended the project delete the zeros

 10/31/2012

 

BAGHDAD / JD / .. Parliamentary Finance Committee ruled implementation of Hvz process three zeros from the Iraqi currency next year after the recent actions that took place in the central bank.
Said committee member bloc MP citizen Faleh Surrey / JD /: "The recent actions, which affected the central bank suspended the project to delete the zeros from the currency, which was scheduled to be discussed early next year."
The Surrey, that the Finance Committee had decided earlier to have the currency exchange in June next year, the World Bank emphasized the replacement, put the beginning of the year, and accusations of corruption, which affected bank officials postponed it until further notice.
The Central Bank of Iraq, predicted delayed launch of the new currency early next year due to the existence of developments and talks with the government.
The Prime Minister Nuri al-Maliki demanded earlier with the bank to wait in a currency switch and put it in the first of January 2013.
He said Central Bank Governor Sinan al-Shabibi in an earlier statement / JD /: "The launch of the currency early next year is uncertain due to the recent discussions and talks with the government."
Shabibi said "It would be great in the cooperation process with the government."
The central bank governor pointed out that the ongoing process of switching the currency, and previous appointments to put lingering but may delay developments.
The bank had said earlier / JD /: "The launch of the new currency will be 01.01.2013 Despite the demands of the government to slow down the process put forward."
Bank drew a formal letter to the Council of Ministers explaining the pros switch currency on the market and the money supply and increased exchange rate and other issues.
It is 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 Council of Ministers decided to assign 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 .. / end / 11 N /

Link

Deputy National: We hold the national meeting even if they did not participate in it some of the blocks

 11/01/2012

Baghdad (news) .. Stressed member of a coalition of state law, MP / National Alliance / Mohammed Saadoun Chihod, the need for the national meeting, even if they did not participate in it some components of the political blocs to resolve political problems.
Said Chihod in a statement (of the Agency news) on Thursday: some leaders of political blocs practicing political fabricating crises and create problems and obstructing government and the political process since (2003) until now, he said, adding, that those obstructing meeting national because his contract will crises that Avcaloha.

The MP for the National to: the presence of components within the Iraqi List and the Kurdistan Alliance and the National Alliance, with dialogue and a national meeting, and we held that did not participate by some components blocks, to develop solutions to the problems and clarify Almarkulain her, pointing out that the supporters of the dialogue could form a majority government political.

And waving to the horizon, many of the solutions posed by the political leaders of the blocks in the event of failure of the national meeting or some efforts to get out of the current situation. / End / 7. D. Q /

 

Link

Attorney Mayahi warns of pumping counterfeit currency through the process of changing damaged by a new categories by the Central Bank

 10/30/2012

Baghdad (news) .. Warned member Economic Commission MP / Iraqi bloc white / Aziz Mayahi, from the exploitation of some gangs pumping counterfeit currency into the market through the process of switching categories damaged not new from the existing currency by the central bank, calling for taking important steps to tighten control on the process of change to prevent this from happening .
Said Mayahi (of the Agency news): After the failure to reach an agreement to implement a project to change the existing currency by deleting the three zeroes from the current period, Valtjo central bank about the currency exchange current damaged to another through a new contract with a foreign company to do so.

He added: the process must be implemented in accordance with legal procedures tight because there are criminal gangs specialized economic counterfeiting currency to take advantage of this opportunity to put forged categories to the local market, thus affecting the financial and economic situation of the country.

The Central Bank of Iraq, his contract with the British company to replace damaged currency with new ones, stressing that the replacement process will be the beginning of the month of November, as pointed out that these currencies are only 1% of the currency in circulation in the market.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that "the bank has contracted with a British company specialized printing currency to print in small denominations which the 250 dinars and the JD 1000, for the purpose of replacing damaged with new ones," noting that "this company is one of the large companies, which are printed nearly 60% of the world's currencies. "

And citizens suffer from the difficulty of buying small groups of markets due to damage and rupture most especially the two categories of the 250 and 1000 dinars. / End / 8. N. P /

 

Link

Sherif Soliman: three presidencies is able to set a date to hold a national meeting .. and difficulty held

 10/30/2012

Baghdad (news) .. Warned member Economic Commission MP / Iraqi bloc white / Aziz Mayahi, from the exploitation of some gangs pumping counterfeit currency into the market through the process of switching categories damaged not new from the existing currency by the central bank, calling for taking important steps to tighten control on the process of change to prevent this from happening .
Said Mayahi (of the Agency news): After the failure to reach an agreement to implement a project to change the existing currency by deleting the three zeroes from the current period, Valtjo central bank about the currency exchange current damaged to another through a new contract with a foreign company to do so.

He added: the process must be implemented in accordance with legal procedures tight because there are criminal gangs specialized economic counterfeiting currency to take advantage of this opportunity to put forged categories to the local market, thus affecting the financial and economic situation of the country.

The Central Bank of Iraq, his contract with the British company to replace damaged currency with new ones, stressing that the replacement process will be the beginning of the month of November, as pointed out that these currencies are only 1% of the currency in circulation in the market.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that "the bank has contracted with a British company specialized printing currency to print in small denominations which the 250 dinars and the JD 1000, for the purpose of replacing damaged with new ones," noting that "this company is one of the large companies, which are printed nearly 60% of the world's currencies. "

And citizens suffer from the difficulty of buying small groups of markets due to damage and rupture most especially the two categories of the 250 and 1000 dinars. / End / 8. N. P /

 

Link

Financial expert expected stability of the exchange rate of the dinar against the dollar (1189)

  29/10/2012

Baghdad (news) .. Expected financial Habeer cute Abdul Salem Ugaili, the central bank's ability to reduce the value of the U.S. dollar against the Iraqi dinar in the coming period, stable price (1189) dinars.
And Zkralekala in a statement (of the Agency news): The central bank strives to reduce the value of the dollar against the dinar more during the coming period, and possibly up to the price (1189), which aspires to him central, and maintain the stability of the dinar.

And between: the price of the dollar against the dinar during the past six months non Mstqrhh, it swings between high and low, indicating that monetary policy in the country is facing major challenges.

Ugaili confirmed: that the central bank has proven its success and its ability to maintain the value of the national currency in lost these pressures.


The central bank allowed for (25) private banks to sell the dollar according to certain controls, and gives each bank weekly million (250) thousand dollars at the (1179) and sold to citizens at (1189) that the ratio of profit banks (10), JD to create a balance between the amount of currency displayed and the size of the growing demand to maintain the value of the dinar against the dollar. / end / 21. n. p /

 

Link