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Central Bank: The financial sector has witnessed high and liberal Iraq still follow the pre-market economy
Author: HM Editor: CC | GS Wednesday 17 v 1 2012 08:14 GMT
Deputy Governor of the Central Bank the appearance of Mohammed Saleh
Alsumaria News / Baghdad considered CBI, Wednesday, that the financial sector has seen a liberal high not borne Iraq, as he emphasized that he still follows the economy by the market, pointed out that some "does not understand" in conversion processes outside. said deputy central bank governor appearance Mohammed Saleh in an interview for "Alsumaria News", "financial sector in Iraq witnessed a liberal high is not borne by the country which is still tracking an economy by the market," noting that "this sector has seen a market economy is very high as well as opening up high in a country development weak It has resources high did not move after the market economy properly. " Saleh added that "out of funds from Iraq is part of the liberal high which is supposed to be Iraq believer where", adding that "this liberal believes the economy free, which allows every citizen to transfer his money abroad. " Saleh also highlighted that "there is a lack of understanding among some of the transfers who seem to think that all the money that comes out of Iraq is money laundering, which is part of the liberal high," asserting that "money laundering is one of the issues of hazardous resulting from crimes large of murder or theft large must know the source dinar, which person wants to convert. " The Cabinet voted during its regular, on Tuesday (16 October 2012), the mandate of President BSA Abdul Basit Turki assume management position Bank Governor Central agency. quoted a number of media, in (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that the latter fled abroad after the issuance of the note, with the bank denied the news , stressing that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad. and was a member of the investigative about the work of the Central Bank of Haitham al-Jubouri said, in (14 October 2012), the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and with He said that the survival of the conservative abroad will prove corruption charges. demanded the Finance Committee in the Iraqi Council of Representatives, the first on Monday (15 October 2012), indictees central bank governor providing evidence, while some expressed fear that the accusations were "targeted politically" for the bank. The central bank announced in January 2012, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market, in addition to higher sales of hard currency back to finance trade neighboring countries by Iraqi traders, noting that sales of hard currency during the beginning of the current year reached double what was sold during 2011. and committed the CBI in February 2012 All Iraqi banks participating in the auction the bank to buy and sell foreign currency must disclose its customers as a condition of access to foreign currency. was the law against money laundering Iraqi in 2004, put control procedures due to institutions, especially banking ones, also provides lists of the Security Council Committee No. 1267 of the law against money laundering which stipulates the Iraqi Central Bank left and providing financial institutions a list of individuals and institutions that have on financial institutions to report to the body concerned for the Iraqi government for its dealings when they are discovered . noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays which depend on these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.
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Author: HM Editor: CC | GS Wednesday 17 v 1 2012 08:14 GMT
Deputy Governor of the Central Bank the appearance of Mohammed Saleh
Alsumaria News / Baghdad considered CBI, Wednesday, that the financial sector has seen a liberal high not borne Iraq, as he emphasized that he still follows the economy by the market, pointed out that some "does not understand" in conversion processes outside. said deputy central bank governor appearance Mohammed Saleh in an interview for "Alsumaria News", "financial sector in Iraq witnessed a liberal high is not borne by the country which is still tracking an economy by the market," noting that "this sector has seen a market economy is very high as well as opening up high in a country development weak It has resources high did not move after the market economy properly. " Saleh added that "out of funds from Iraq is part of the liberal high which is supposed to be Iraq believer where", adding that "this liberal believes the economy free, which allows every citizen to transfer his money abroad. " Saleh also highlighted that "there is a lack of understanding among some of the transfers who seem to think that all the money that comes out of Iraq is money laundering, which is part of the liberal high," asserting that "money laundering is one of the issues of hazardous resulting from crimes large of murder or theft large must know the source dinar, which person wants to convert. " The Cabinet voted during its regular, on Tuesday (16 October 2012), the mandate of President BSA Abdul Basit Turki assume management position Bank Governor Central agency. quoted a number of media, in (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that the latter fled abroad after the issuance of the note, with the bank denied the news , stressing that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad. and was a member of the investigative about the work of the Central Bank of Haitham al-Jubouri said, in (14 October 2012), the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and with He said that the survival of the conservative abroad will prove corruption charges. demanded the Finance Committee in the Iraqi Council of Representatives, the first on Monday (15 October 2012), indictees central bank governor providing evidence, while some expressed fear that the accusations were "targeted politically" for the bank. The central bank announced in January 2012, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market, in addition to higher sales of hard currency back to finance trade neighboring countries by Iraqi traders, noting that sales of hard currency during the beginning of the current year reached double what was sold during 2011. and committed the CBI in February 2012 All Iraqi banks participating in the auction the bank to buy and sell foreign currency must disclose its customers as a condition of access to foreign currency. was the law against money laundering Iraqi in 2004, put control procedures due to institutions, especially banking ones, also provides lists of the Security Council Committee No. 1267 of the law against money laundering which stipulates the Iraqi Central Bank left and providing financial institutions a list of individuals and institutions that have on financial institutions to report to the body concerned for the Iraqi government for its dealings when they are discovered . noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays which depend on these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.
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