Editor: HAH | AA Wednesday 17 v 1 2012 11:41 GMT
Governor of the Central Bank and Abdul Basit Turki Agency
Alsumaria News / Baghdad
revealed Iraqi Central Bank Governor agency Abdel Basset Turki, Wednesday, that the report of the BSA reservation on some transactions currency auction, while stressing that the results of the investigation will be presented to the public after the completion, expressed the hope that freezing does not affect Shabibi on trading bank with international banks. said Abdul Basit Turki said in an interview for "Alsumaria News", "report the BSA, which was sent to the Integrity Commission about the existence of corruption in the Central Bank guarantee check transactions currency auction of the period between the first of January last Until the beginning of last August, where there have been cases of the absence of follow-up and monitoring of private banks, "asserting that" the report reservation on some transactions auction hard currency conducted by the bank. " said Turki that "results of the investigation on the existence of corruption in the Central Bank will announce to the public until completion of the investigation, "and expressed hope that" freezing does not affect Shabibi on the Bank's work and dealings with international banks. " He Turkish that "the continuation of the currency auction and support the right direction is necessary," stressing the importance of "to be of transactions in the bank transactions real" . and Iraqi Council of Ministers decided, on Tuesday (16 October 2012), the prime BSA Abdul Basit Turki management position central bank governor and agency. quoted a number of media, in the 14 of October 2012, sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, saying that the governor participate in an annual conference in Tokyo and will return to Baghdad. and was a member of the investigative about the work of the Central Bank of Haitham al-Jubouri confirmed, in the 14 of October 2012, arrest warrants were issued and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival of the conservative abroad will prove corruption charges. demanded the Finance Committee in the Iraqi Council of Representatives, the first on Monday (15 October 2012), indictees central bank governor providing evidence, while some expressed fear that the accusations were "targeted politically" for the bank. accused the Iraqi List led by Iyad Allawi, in (14 October 2012), some political forces "trying Nile" the independence of the Bank CBI, arguing that bank independence necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for investigating money laundering and disclosure of beneficiaries. was House Speaker Osama Nujaifi revealed, in (7 October 2012), the existence of suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve "depth" in the policy of the central bank since 2003, vowed to pursue the investigation "personally" to the importance of the issue. central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception public holidays on which depends the Bank for these auctions, and be sales either in cash, or in the form of remittances sold abroad for a commission certain. mention that the pace of accusations escalated on smuggling currency that overshadowed selling prices dollar in local markets and led to an increase exchange rate months ago, while MPs demanded that the government should initiate to stop the sale of the currency at the central bank auctions, others stressed that Iraq is losing big money due to smuggled daily out of the border, despite the praise of many specialists in economic affairs on the positives in reducing rates of auction inflation and control the value of the Iraqi dinar.
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