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Article (50) ... surprises and conflicts between the three Iraqi authorities
The central bank filed a complaint against the President of the House of Representatives
2015-05-23
BAGHDAD
Dispute strongly raged between Iraqi Council of Representatives on the one hand, and all of the Central Bank of Iraq and the prime minister on the other hand, against the backdrop of articles Tdmenhma general budget for the current year, which was approved by Parliament late in the first month of this year, after a delay from the time supposed law, and became effective from Date of approval through the legal process and its publication in the Official Gazette, prompting the central bank to file a complaint against the President of the House of Representatives as a career about which sees some of its articles issued in violation of the constitution, and the Federal Court case registered under the number (19 / Federal / 2015).
Articles are; Article 46 which provided for the establishment of Islamic banks exception of the Iraqi Central Bank's instructions to increase banks' capital.
And Article 50, which stipulates that the central bank is committed to identifying sales of hard currency to the dollar in daily auction does not exceed the ceiling ($ 75 million), with the exercise of justice in the sales process.
The central bank also calls for participating in the auction the bank to provide documents and goods enter tax data settling accounts through the "30 days" from the date of the purchase amount, and otherwise apply the penalties stipulated by the Central Bank Law or instructions issued by him.
Reason for the dispute
The origin of the dispute from the perspective of the prosecutor (CBI), is based on two things presented by the representative of the Federal Court requesting a judgment of unconstitutionality of articles referred to above, one; that the parliament of the Central Bank and the Council of Ministers did not consult Kjhettin accommodation had the technical aspects in accordance with the Constitution and laws issued by him, and the second; that these articles were not in the first and second readings of the budget law, and that they were added to the law after the vote by Parliament, and it requires the Federal Court pronunciation invalidity of constitutional articles, and that, according to the prosecutor in the pleading.
It closed the first session, which took place the facts in the March / March last, after the Federal Court gave the defendant a sufficient period to make its case before the verdict, was the second session of Day 4 of the month.
According to sources, the President of the Economic Committee in parliament, MP Ahmed Alچlba attended, and presented a list of payment before the court, and went representative parliament of one of the paragraphs of the Iraqi Constitution, which stipulates that the Iraqi Central Bank is accountable to the House of Representatives.
Pursuant to the powers of the Council in the follow-up and supervision to ensure the safety of disposition of public money, and the ability of economic policies and programs to achieve economic development through the use of monetary policy instruments, most notably the foreign currency auction, where the House of Representatives found that an amount of more than 551 billion US dollars have been issued abroad Between 2006 and 2015 without the corresponding entry of goods and services with the same value, which led to the drain in foreign currency through the foreign currency auction.
The source, who preferred anonymity, that the representative of the defendant stated that the Parliament, and through follow-up to central bank data, found that there are banks and companies included in the auction amounts have exceeded the limits illogical, and exceeded the State's financial possibilities, and that some of these companies are not legally registered does not exist, and the size and nature of the goods entering Iraq is not commensurate with the size of the amounts emerging from hard currency, and gave Alچlba analytical reports attached, to confirm that the Finance Committee found that the actual need of foreign currency auction does not exceed 50-75 million dollars a day .
According to a representative of the Parliament, it has already been pointing suspicions of corruption in dealings auction currency based on the report of the Joint Committee in the House of Representatives, which included financial and economic committees and integrity, which were evacuated judicial proceedings in 2012, but the central bank continued in its approach through currency auction sale Khawwalat import fake without specifying realistic ceiling on the size of the auction requirements. Therefore, the central bank's failure to manage its responsibilities to end the House of Representatives to consider the extent of the phenomenon of waste of public money, output by currency auction.
In turn, the Court deemed to postpone the hearing on 8 of the month of June next, representative of the House of Representatives objected, citing that the Council this month will enter the legislative vacation, it has asked the representative of the Council of Ministers (p. P), that the meeting be postponed to August / August, Bank representative objected that the annual law, and it touches the procrastination by the defendant (parliament), so the court decided to adjourn the session for Day 6 of the month of July.
And tends who connect with them, "Gulf Online" from within the Legal Committee of the Council of Ministers, to be representative of the prime minister betrayed acumen Baltmash such a court request, while questioned another of his intentions, stressing end placement (p. P) of the Council of Ministers and returned to his job employee regular, and pointing out that Moumi wrote him a grievance to the Prime Minister Haider al-Abadi of three pages, but in turn Abadi did not take this complaint.
The source revealed to us surprise, pointing to a decision by the Council of Ministers prompt the central bank ordered a stay of execution Interceptor materials them until the resolution of the case, and confirmed the same sources for "Gulf Online", that both the Parliament and the Court had no knowledge of this decision. And that this represents a violation of the law, because the law becomes effective hour of its publication in the Official Gazette, and the decision does not have the force of law and significant to stop the implementation of the law.
On the other hand, indicates information obtained by "Gulf Online", that the Iraqi government hides something else in this complex issue, as the International Monetary Fund addressed the Central Bank of Iraq by the Iraqi cabinet, and asked him to reduce the daily sales of the dollar, also asked to provide him disclosures for banks and the conversion which was dealing with the central bank over the past five years.
And confirm the information, according to our sources, that the international body has delayed delivery of some Iraqi oil money a month until the Iraqi government responded to their demands, and that those in charge of the International Foundation want to make sure not to get the dollar smuggling, and it is sold at the auction properly, according to the source view reflects a lack of trust International Foundation governments procedures successive Iraqi authorities.
For his part, said Bayan Jabr, that the current Iraqi government led by Haider al-Abadi budget received "almost bankrupt," and that corruption and mismanagement are two main reasons the problems and tribulations experienced by Iraq.
He said al-Zubaidi, who has held the Ministry of Interior before, and accepted financial, in a television interview, that the current price of the Iraqi dinar against the dollar reflects the poor management and planning and corruption in the previous government's policies.
Al-Zubaidi and recalled that three years ago warned that terrorists will arrive to the walls of Baghdad, and he called for a political solution to the sit-ins in the western parts of Iraq, most of which is now under the control of the organization signed a "state", according to Zubeidi.
For his part, Abu Jafar al-Tamimi, an owner of a money exchange companies in Baghdad, the central bank has already cut rations exchange companies weekly auction of 300 thousand dollars a few months ago, to 50 thousand, which led to a sharp decline in the price of the Iraqi dinar market turmoil against the dollar, and was forced to raise the quota to 100 thousand dollars, prompting the recovery of the dinar some of its losses, but the bank just that rations were cut in the last two weeks, "where we received a share of $ 65 thousand over the past week, and $ 67 thousand during the week earlier, and this reflects confusion in the monetary policy of the Central Bank and economic policy of the Iraqi government in general, "according to Tamimi.
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The central bank filed a complaint against the President of the House of Representatives
2015-05-23
BAGHDAD
Dispute strongly raged between Iraqi Council of Representatives on the one hand, and all of the Central Bank of Iraq and the prime minister on the other hand, against the backdrop of articles Tdmenhma general budget for the current year, which was approved by Parliament late in the first month of this year, after a delay from the time supposed law, and became effective from Date of approval through the legal process and its publication in the Official Gazette, prompting the central bank to file a complaint against the President of the House of Representatives as a career about which sees some of its articles issued in violation of the constitution, and the Federal Court case registered under the number (19 / Federal / 2015).
Articles are; Article 46 which provided for the establishment of Islamic banks exception of the Iraqi Central Bank's instructions to increase banks' capital.
And Article 50, which stipulates that the central bank is committed to identifying sales of hard currency to the dollar in daily auction does not exceed the ceiling ($ 75 million), with the exercise of justice in the sales process.
The central bank also calls for participating in the auction the bank to provide documents and goods enter tax data settling accounts through the "30 days" from the date of the purchase amount, and otherwise apply the penalties stipulated by the Central Bank Law or instructions issued by him.
Reason for the dispute
The origin of the dispute from the perspective of the prosecutor (CBI), is based on two things presented by the representative of the Federal Court requesting a judgment of unconstitutionality of articles referred to above, one; that the parliament of the Central Bank and the Council of Ministers did not consult Kjhettin accommodation had the technical aspects in accordance with the Constitution and laws issued by him, and the second; that these articles were not in the first and second readings of the budget law, and that they were added to the law after the vote by Parliament, and it requires the Federal Court pronunciation invalidity of constitutional articles, and that, according to the prosecutor in the pleading.
It closed the first session, which took place the facts in the March / March last, after the Federal Court gave the defendant a sufficient period to make its case before the verdict, was the second session of Day 4 of the month.
According to sources, the President of the Economic Committee in parliament, MP Ahmed Alچlba attended, and presented a list of payment before the court, and went representative parliament of one of the paragraphs of the Iraqi Constitution, which stipulates that the Iraqi Central Bank is accountable to the House of Representatives.
Pursuant to the powers of the Council in the follow-up and supervision to ensure the safety of disposition of public money, and the ability of economic policies and programs to achieve economic development through the use of monetary policy instruments, most notably the foreign currency auction, where the House of Representatives found that an amount of more than 551 billion US dollars have been issued abroad Between 2006 and 2015 without the corresponding entry of goods and services with the same value, which led to the drain in foreign currency through the foreign currency auction.
The source, who preferred anonymity, that the representative of the defendant stated that the Parliament, and through follow-up to central bank data, found that there are banks and companies included in the auction amounts have exceeded the limits illogical, and exceeded the State's financial possibilities, and that some of these companies are not legally registered does not exist, and the size and nature of the goods entering Iraq is not commensurate with the size of the amounts emerging from hard currency, and gave Alچlba analytical reports attached, to confirm that the Finance Committee found that the actual need of foreign currency auction does not exceed 50-75 million dollars a day .
According to a representative of the Parliament, it has already been pointing suspicions of corruption in dealings auction currency based on the report of the Joint Committee in the House of Representatives, which included financial and economic committees and integrity, which were evacuated judicial proceedings in 2012, but the central bank continued in its approach through currency auction sale Khawwalat import fake without specifying realistic ceiling on the size of the auction requirements. Therefore, the central bank's failure to manage its responsibilities to end the House of Representatives to consider the extent of the phenomenon of waste of public money, output by currency auction.
In turn, the Court deemed to postpone the hearing on 8 of the month of June next, representative of the House of Representatives objected, citing that the Council this month will enter the legislative vacation, it has asked the representative of the Council of Ministers (p. P), that the meeting be postponed to August / August, Bank representative objected that the annual law, and it touches the procrastination by the defendant (parliament), so the court decided to adjourn the session for Day 6 of the month of July.
And tends who connect with them, "Gulf Online" from within the Legal Committee of the Council of Ministers, to be representative of the prime minister betrayed acumen Baltmash such a court request, while questioned another of his intentions, stressing end placement (p. P) of the Council of Ministers and returned to his job employee regular, and pointing out that Moumi wrote him a grievance to the Prime Minister Haider al-Abadi of three pages, but in turn Abadi did not take this complaint.
The source revealed to us surprise, pointing to a decision by the Council of Ministers prompt the central bank ordered a stay of execution Interceptor materials them until the resolution of the case, and confirmed the same sources for "Gulf Online", that both the Parliament and the Court had no knowledge of this decision. And that this represents a violation of the law, because the law becomes effective hour of its publication in the Official Gazette, and the decision does not have the force of law and significant to stop the implementation of the law.
On the other hand, indicates information obtained by "Gulf Online", that the Iraqi government hides something else in this complex issue, as the International Monetary Fund addressed the Central Bank of Iraq by the Iraqi cabinet, and asked him to reduce the daily sales of the dollar, also asked to provide him disclosures for banks and the conversion which was dealing with the central bank over the past five years.
And confirm the information, according to our sources, that the international body has delayed delivery of some Iraqi oil money a month until the Iraqi government responded to their demands, and that those in charge of the International Foundation want to make sure not to get the dollar smuggling, and it is sold at the auction properly, according to the source view reflects a lack of trust International Foundation governments procedures successive Iraqi authorities.
For his part, said Bayan Jabr, that the current Iraqi government led by Haider al-Abadi budget received "almost bankrupt," and that corruption and mismanagement are two main reasons the problems and tribulations experienced by Iraq.
He said al-Zubaidi, who has held the Ministry of Interior before, and accepted financial, in a television interview, that the current price of the Iraqi dinar against the dollar reflects the poor management and planning and corruption in the previous government's policies.
Al-Zubaidi and recalled that three years ago warned that terrorists will arrive to the walls of Baghdad, and he called for a political solution to the sit-ins in the western parts of Iraq, most of which is now under the control of the organization signed a "state", according to Zubeidi.
For his part, Abu Jafar al-Tamimi, an owner of a money exchange companies in Baghdad, the central bank has already cut rations exchange companies weekly auction of 300 thousand dollars a few months ago, to 50 thousand, which led to a sharp decline in the price of the Iraqi dinar market turmoil against the dollar, and was forced to raise the quota to 100 thousand dollars, prompting the recovery of the dinar some of its losses, but the bank just that rations were cut in the last two weeks, "where we received a share of $ 65 thousand over the past week, and $ 67 thousand during the week earlier, and this reflects confusion in the monetary policy of the Central Bank and economic policy of the Iraqi government in general, "according to Tamimi.
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