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Parliamentary Finance: Central Bank sold since 2006 more than $ 312 billion
14/04/2015
BAGHDAD / Source News / .. The head of the Finance Committee in the House of Representatives, Ahmed Chalabi, on Tuesday, the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142.
He added in an exhibition his statement before the Federal Supreme Court, according to a statement to eliminate the agency received / Source News / copy of it to consider the grounds of appeal against the unconstitutionality of articles 46 and 50 of the federal budget for the year 2015 and constitutes a third party in the lawsuit, said that "the central bank had in the year 2009 Only the sale of 92%, which entered the country from oil imports. "
He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad totaled $ 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import" explaining that "this thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior, and others."
Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of the damage suffered by what is now the scarcity of liquidity."
With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country," explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged with other tools to protect the national currency. "
Chalabi and went on to "the House of Representatives found this article from the protection of national hard currency and prevent the bank from exercising his powers to protect the currency."
He said that "as reported by agent Prosecutor (Central Bank) on the legislation of Article 50 of the Budget Law holds financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated, when you pay the obligations of the Iraqi dinar ".
He explained that "the price at which the central bank is determined by his choice is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 up to the 2013 and 2014".
With the Federal Supreme Court decided to defer consideration of the case to appeal against the unconstitutionality of articles 46 and 50 of the budget until the fourth month of Almqubl.anthy T.
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14/04/2015
BAGHDAD / Source News / .. The head of the Finance Committee in the House of Representatives, Ahmed Chalabi, on Tuesday, the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142.
He added in an exhibition his statement before the Federal Supreme Court, according to a statement to eliminate the agency received / Source News / copy of it to consider the grounds of appeal against the unconstitutionality of articles 46 and 50 of the federal budget for the year 2015 and constitutes a third party in the lawsuit, said that "the central bank had in the year 2009 Only the sale of 92%, which entered the country from oil imports. "
He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad totaled $ 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import" explaining that "this thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior, and others."
Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of the damage suffered by what is now the scarcity of liquidity."
With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country," explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged with other tools to protect the national currency. "
Chalabi and went on to "the House of Representatives found this article from the protection of national hard currency and prevent the bank from exercising his powers to protect the currency."
He said that "as reported by agent Prosecutor (Central Bank) on the legislation of Article 50 of the Budget Law holds financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated, when you pay the obligations of the Iraqi dinar ".
He explained that "the price at which the central bank is determined by his choice is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 up to the 2013 and 2014".
With the Federal Supreme Court decided to defer consideration of the case to appeal against the unconstitutionality of articles 46 and 50 of the budget until the fourth month of Almqubl.anthy T.
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