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Chalabi reveals "the proceeds of an auction of the central currency 2006- 2014"
04/15/2015
The chairman of the parliamentary finance committee, Ahmad Chalabi, on Tuesday, that the proceeds from the auction of hard currency the central bank for the period between 2006- 2014 is equivalent to 57% of the total oil imports, as pointed out that the central sale of foreign currency caused the corruption and the corruption of the general situation of the country. Chalabi said, "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," noting that "the Bank The Central in 2009 only to sell 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 amounted to 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 "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 this damage what ails now from the scarcity of liquidity," pointing out that "the sale by the Central Bank of cause In the case of corruption and corruption reflected on the general situation in the country. " Chairman of the parliamentary finance committee and explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged using other tools to protect the national currency," Mstrsla that "the House of Representatives found of this article, the protection of national hard currency and prevent the bank from exercising its powers in defend the currency. " He pointed out that "as reported by agent plaintiff (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the dollar exchange rate does not carry the state financial burdens, but the opposite is mitigated, when pay its obligations Iraqi dinar. " Chalabi and that "the price set by the central bank is an option it 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". The Federal Supreme Court, decided on Tuesday to postpone consideration of a challenge to the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until the fourth of next month as agreed to introduce the Prime Minister Haider Abadi, in addition to his job a third person in the suit.
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04/15/2015
The chairman of the parliamentary finance committee, Ahmad Chalabi, on Tuesday, that the proceeds from the auction of hard currency the central bank for the period between 2006- 2014 is equivalent to 57% of the total oil imports, as pointed out that the central sale of foreign currency caused the corruption and the corruption of the general situation of the country. Chalabi said, "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," noting that "the Bank The Central in 2009 only to sell 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 amounted to 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 "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 this damage what ails now from the scarcity of liquidity," pointing out that "the sale by the Central Bank of cause In the case of corruption and corruption reflected on the general situation in the country. " Chairman of the parliamentary finance committee and explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged using other tools to protect the national currency," Mstrsla that "the House of Representatives found of this article, the protection of national hard currency and prevent the bank from exercising its powers in defend the currency. " He pointed out that "as reported by agent plaintiff (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the dollar exchange rate does not carry the state financial burdens, but the opposite is mitigated, when pay its obligations Iraqi dinar. " Chalabi and that "the price set by the central bank is an option it 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". The Federal Supreme Court, decided on Tuesday to postpone consideration of a challenge to the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until the fourth of next month as agreed to introduce the Prime Minister Haider Abadi, in addition to his job a third person in the suit.
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