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Finance Committee: Mechanisms for the central bank to expand the outlets sell the currency is still frozen
14/08/2012 07:48
BAGHDAD / Center Brief for the Iraqi Media Network - A member of the Finance Committee Secretary Hadi said the mechanisms that the Commission agreed with the central bank to be applied on the expansion of outlets selling hard currency to cover all the provinces are still frozen by the bank, noting that his committee has asked the Integrity Commission follow up the matter with the bank . The Finance Committee agreed last month with the Iraqi Central Bank to grant licenses sell hard currency for the ten banks in each province in order to prevent monopoly by banks certain in Baghdad. said Hadi's (Center Brief for the Iraqi Media Network) that "the Finance Committee hosted the officials in the bank Iraqi Central and agreed with them on the expansion of outlets difficult process to include all the provinces in order to prevent the phenomenon of monopoly. " said Hadi that "the mechanisms agreed to by the still-frozen by the Central Bank not been expanded outlets selling the dollar in the provinces until now, and the Central Bank demands answers on procedures" he said, adding that "the Finance Committee asked the Integrity Commission follow up the matter with the Central Bank." He was a member of the Finance Committee Haitham Jubouri has revealed the formation of an investigative committee by the House of Representatives after the holiday shall audit priorities and figures the Central Bank in addition to a joint committee again made up of the heads of the two financial, economic and BSA. Jubouri said last week that political figures influential (not disclosed) involved the phenomenon of trafficking (5-10) million dollars a day through an auction sale of the currency, and emphasized that the money goes in part to support "terrorism." asked the CBI to investigate "immediately" to "alleged" involvement of politicians, influential phenomenon of money laundering, describing talk about the involvement of politicians to "danger." 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, in addition to regulating the sector banks.
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