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Baghdad / Orr News
Revealed to the Parliamentary Integrity Committee for the start of the investigation documents owned confirms sending remittances to Turkey and the United Arab Emirates without official documents. A member of the Committee Shaker Darraji "We have documents in the Integrity Commission confirms sending remittances to Turkey and the United Arab Emirates unofficially."
He added that "the Commission is working with the Integrity Commission to achieve professional and clear and hold accountable those responsible for failures in the dealings of the central bank." He pointed out that "the Committee recommended the Integrity Commission to verify some of the documents that indicate the involvement of politicians senior, did not identify, in the operations of foreign currency exchange and auction."
He was the first response of the Central Bank on the parliamentary investigative committee report on the auction, which confirmed that he has an accurate database for the needs of the market for the currency (the dollar) and the control of the private banks in minutes.
The parliamentary committee tasked with investigating regarding central bank auction announced on the seventh of this month for most recommendations, which focused on two main points the first relating base information on the mechanism used for the bank in the protection money to an Iraqi, and secondly relating to tighten controls in the dealings of private banks with customers.
It confirmed that the central bank has an information base for only 5% of what spend money which caused the widening of the gap between the Iraqi dinar and the dollar. The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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