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Parliamentary Finance: Central Bank violates the Constitution to sell large amounts of dollar

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therealbubbie

therealbubbie
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The parliamentary finance committee accused the CBI of violating the constitution in selling the dollar amounts Bmzadeh daily more than scheduled in the financial budget law for 2015, which defined the bank to sell $ 75 million only.

According to a statement of the Commission received "News Today", a copy of "The House of Representatives has approved Article 50 in the budget related to auction foreign currency and its effects on the Iraqi dinar exchange rate against the US dollar include the Central Bank Law urged to use banking tools to keep the exchange rate, but the central bank objected before the Federal Court on this article by the Federal Court did not decide yet. "

The statement added that "an order was issued to wait in the implementation of this measure declined to the Central Bank for implementation and this is contrary to the Constitution because the laws are enforceable after publication in the Official Gazette."

Parliamentary Finance and referred to "the central bank sold large amounts of dollar during this period where that on 31.05.2015 sold more than $ 393 million to banks and banking companies continued to sell large quantities did not adhere to the extent that it legitimized the House of Representatives under the budget law ".

And indicated that they "sought to remedy the depletion of hard currency and tackle corruption and the protection of the Iraqi economy, however the dollar to rise the price of continued" to Avcth that "the Iraqi state has a hard currency enough to buy everything that exists in the market of Aldenarabraghi prices prevailing with the survival of billions of dollars held by Iraq ".

The statement continued that "the Finance Committee has revealed the organization you are buying the dollar under false pretenses groups as something to offer information to the Central Bank for the purchase entirely different from the beneficiary of the transfer the money by the banks that are buying, these groups have become controlled prices the dollar in cooperation with Some corrupt in the central bank and other authorities in the state. "

"The Finance Committee took its actions in this regard and held a series of meetings with stakeholders and were on the track wrote to the Central Bank and Ministry of Finance and the Office of Financial Supervision and the Supreme Judicial Council and to state banks."

The Finance Committee and in the House of Representatives expressed "concern of rising Iraqi dinar exchange rate against the US dollar, which affects the purchasing power of citizens, especially with near the holy month of Ramadan."

The committee said that "This crisis calls work differently from the previous contexts surprises to deal with this rise in exchange rates, therefore the Finance Committee decided to hold an extraordinary meeting of an emergency during the legislative recess and invite each of the Governor of the Central Bank and the Financial Inspection Office and the Association of banks to this meeting next Sunday."




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