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Revealed confirmation of what the future of the Iraqi information .. Najafi is a commission of inquiry in the sale of «Central» 300 million dollars a day
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Author: the future of Iraq
09.08.2012 0:00
BAGHDAD / future Iraqi
Prime House of Representatives Osama Najafi yesterday the formation of a parliamentary committee to verify the procedures for the central bank and identify flaws, and while he pointed to a complaint about the work of the Bank, emphasized that the Parliament is responsible for follow-up to the Central Bank. Osama al-Najafi told a news conference that «House of Representatives formed a committee to verify the procedures for the Iraqi Central Bank», indicating that «the Committee composed of the President of the Economic and Finance Committee Chairman and Chairman of Supreme Audit». He added that «the purpose of the formation of the committee is to identify the flaws in the work», adding that «there is a problem where is sold every day around 300 million dollars in a few days more and there are complaints that these funds are not sold correctly and there is no complete documentation and some private banks manipulate the subject of the sale, as well as the existence of smuggling currency ». He Nujaifi that« these issues must be terminated and address the situation of the Central Bank and ensure that its monetary policy and the law enforcement and safety procedures to maintain fiscal balance Iraqi important and great and make sure to cooperate with the government », stressing that the latter is« responsible for fiscal policy and central bank monetary policy and the parliament is responsible for follow-up to the central bank ». and was a member of the Finance Committee in the House of Representatives Haitham Jubouri accused, yesterday August 8, the current political figures influential in the Central Bank to »smuggle ten million dollars a day to finance terrorism», warning of the collapse of the country's economy if the bank continued to sell $ 55 million annually, while the likely dismissal of central bank governor Sinan Shabibi If proven guilty. and the Iraqi Central Bank announced on 21 May last, for the conduct of the Rafidain and Rasheed to sell the dollar for the citizens at 1189 dinars, saying that the goal of this step is to take advantage of Iraqi citizens directly from the currency exchange rate away from the monopoly exercised by the other. The central bank announced on 27 May, a rise of foreign exchange reserves to $ 63 billion, confirming that it is the largest in the history of Iraq, in what was considered that these reserves are still a few in a country lack of economic diversification. The Central Bank of Iraq holds daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash or in the form of remittances sold abroad for a commission of certain.
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