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Turkish: attempt to fix the Central auction process against corruption
13-06-2013-16: 06
Turkish: attempt to fix the Central auction process against corruption
Alsumaria news/Baghdad
The head of the Office of financial supervision and the Central Bank Governor Abdel Basset Turki, said that what happened in the Bank auction and try to fix is the largest operation against corruption in Iraq, stressing that there is a clear and deliberate operations to disrupt our work.
Turki said the "brackets", which aired on channel space, Sumerian "we haven't gotten to yet to fully control the validity of transactions in an auction sale of currency in the Central Bank", stating that "what happened in the area of currency auction and try our reform is the largest operation against corruption in Iraq."
Turkish added that "confrontation requires access to places not insignificant and very bumpy path, but this is how it should be handled in such a Foundation," he said, adding that "there is a clear and deliberate operations to disrupt our work."
Turki said that "the problem now is we have diagnosed in former Governor Sinan Al-Shabibi was the lack of adequate oversight," he said, adding that "the number of staff assigned to the control and sale of Bank 33 280 million dollars of today are the three".
The Governor of the Central Bank noted that "the Agency we went in the reform process further by adopting the Bank documents and go to method adopted in most international banks rather than quick," stressing that "the World Bank has now collaborated with the Directorate of customs and tax authority for the actual implementation of an electronic network linking the border crossings with the auction currency window in the Central Bank".
Turkish noted that "the goal of this procedure is to make sure that what we are selling at auction is offset by the entry of goods into the country, stressing that" the Bank needed more supervision and cooperation by banks. "
The Cabinet decided, (16 October 2012), head of the Office of financial supervision Department Abdel Basset Turki served as Governor of the Central Bank, after the Agency issued an arrest warrant against justice Bank Governor Sinan Al-Shabibi on charges of corruption, adding that Shabibi fled out of the country after the issuance of the note.
The Central Bank will hold meetings daily to buy and sell foreign currency with the participation of Iraqi banks, with the exception of public holidays where the Bank auctions, sales are either critically or in the form of money orders sold abroad in return for Commission.
The accusations escalated the pace of currency smuggling, which overshadowed the dollar selling prices on local markets and led to an increase in the rate paid by the month, while the student Parliament of the need for the Government to stop selling the currency in the Central Bank auction, others stressed that Iraq is losing big money from smuggled daily out of the border, despite the acclaim of many specialists regard the pluses auction in reducing inflation rates and control the value of the dinar.
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13-06-2013-16: 06
Turkish: attempt to fix the Central auction process against corruption
Alsumaria news/Baghdad
The head of the Office of financial supervision and the Central Bank Governor Abdel Basset Turki, said that what happened in the Bank auction and try to fix is the largest operation against corruption in Iraq, stressing that there is a clear and deliberate operations to disrupt our work.
Turki said the "brackets", which aired on channel space, Sumerian "we haven't gotten to yet to fully control the validity of transactions in an auction sale of currency in the Central Bank", stating that "what happened in the area of currency auction and try our reform is the largest operation against corruption in Iraq."
Turkish added that "confrontation requires access to places not insignificant and very bumpy path, but this is how it should be handled in such a Foundation," he said, adding that "there is a clear and deliberate operations to disrupt our work."
Turki said that "the problem now is we have diagnosed in former Governor Sinan Al-Shabibi was the lack of adequate oversight," he said, adding that "the number of staff assigned to the control and sale of Bank 33 280 million dollars of today are the three".
The Governor of the Central Bank noted that "the Agency we went in the reform process further by adopting the Bank documents and go to method adopted in most international banks rather than quick," stressing that "the World Bank has now collaborated with the Directorate of customs and tax authority for the actual implementation of an electronic network linking the border crossings with the auction currency window in the Central Bank".
Turkish noted that "the goal of this procedure is to make sure that what we are selling at auction is offset by the entry of goods into the country, stressing that" the Bank needed more supervision and cooperation by banks. "
The Cabinet decided, (16 October 2012), head of the Office of financial supervision Department Abdel Basset Turki served as Governor of the Central Bank, after the Agency issued an arrest warrant against justice Bank Governor Sinan Al-Shabibi on charges of corruption, adding that Shabibi fled out of the country after the issuance of the note.
The Central Bank will hold meetings daily to buy and sell foreign currency with the participation of Iraqi banks, with the exception of public holidays where the Bank auctions, sales are either critically or in the form of money orders sold abroad in return for Commission.
The accusations escalated the pace of currency smuggling, which overshadowed the dollar selling prices on local markets and led to an increase in the rate paid by the month, while the student Parliament of the need for the Government to stop selling the currency in the Central Bank auction, others stressed that Iraq is losing big money from smuggled daily out of the border, despite the acclaim of many specialists regard the pluses auction in reducing inflation rates and control the value of the dinar.
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