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The former governor of the Iraqi Central: government seeks to control the Reserve

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Baghdad: rejected Iraqi Central Bank Governor article Shabibi accusations against him, especially the "mismanagement of funds and failure to work", adding that government authorities have threatened the independence of the Bank in order to reach its reserves. remarks came Shabibi weeks after his dismissal was preceded by warnings against him against banks other government which regarded diplomats and analysts as it comes in the framework of seeking to control the bank by Prime Minister Nuri al-Maliki, who has denied his office and standing behind it. Shabibi said in a telephone interview from Geneva with AFP has "were trying عزلي since 2009, and they want money of reserves, "the central bank. "I think that the main problem ... basically is up, because they think that we have a lot of reserves and they want to use for the funding." and "The government wants money from the central bank ... and the law of the Central Bank does not allow it." He added "the confirmation say there are differences in policy rates of exchange. do not think that these differences require dismissal of the central bank governor." In response to a question the existence of the impact of threats and accusations against him and to other officials on the independence of the Bank, Shabibi said "definitely yes." and refused Shabibi revealed Name any government official, but noted, "They were talking constantly about they should supervise the monetary policy and they should decide many many many of these politics, and all these things." and described Analysts Shabibi (70 years), who extended his two decades in the United United and governor of the Central Bank since 2003, as a technocrat struggled to maintain the independence of the Central Bank of Iraq. Iraqi government decided to end October, the appointment of Supreme Audit Abdel Basset Turkey instead Shabibi, after criticism by the Parliamentary Finance Committee of ill money management and directed to Shabibi and officials bankers others. said Shabibi he planned to return to Iraq to face the charges against him, after the cancellation of the arrest warrant against him, noting that the government can not sack him because this thing is still the prerogative of Parliament. also rejected Shabibi accusations currency manipulation and mismanagement , compared to a slight change in the value of the Iraqi dinar against dramatic changes in the value of the dollar or the euro. Shabibi has said "I told them (the government) that the central bank was not the reason for this volatility, this is part of the average ... and we have been successful in eventually achieving stability the exchange rate, and the difference of 2 or 3 percent only. " He continued, "I told them, just go to Europe now and see the difference" in exchange rates. , adding that "They know how stable exchange rates (in recent years) and then used it against the Central Bank. they did not find any errors or problems they said this is a problem and described it failed the Central Bank. " He did not know how long the accusations against him, but added, "Let them wait and see," stressing his confidence in the style of his work. prices have Iraqi dinar exchange rate stable almost against the dollar during the past few years, and almost 1,200 dinars to the dollar. conjunction with accusations of manipulating prices dinar exchange, raised fears of exploitation auctions held by the central bank by Iran and Syria to support the reserves of foreign currency, which was denied by the central bank. taken strong measures during 2012, imposes that definition banks for procuring entities of foreign currency.

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