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The facts must be mentioned.
Inquiries we know that the central bank governor authentic Sinan Mohammed Rida Al-Shabibi was enjoying dispatch to represent Iraq in the International Monetary Fund so the governor is (Prime independent body), which is the rank of minister does not apply to him the death withdrawn hand being GOES to the employee and not to the President of the Independent Commission who enjoys the rights class, which does not apply the sanctions contained provisions in a legal discipline of state employees and the public sector No. 14 of 1991. And characterization is true that President Independent Commission enjoys mainly private (apply the provisions of the law discipline state employees on the staff of the Bank without the one) but he who applied to him are provisions in the Constitution and what came out Iraqi Central Bank Law No. 56 of 2004 the civil servant who have degree in law landlords and be within the salary scale set out in the Civil Service Act No. 24 of 1960, as amended and in force and confirmation of this, the law of the salaries and allowances of the Council of Ministers No. 27 for the year 2011 salaries of special grades systems in this law. Where law includes six levels begin to Article -1 - salary and allowances Prime Minister and Article -2 - the salary and allowances of Vice Prime Minister and Article -3 - salary and allowances minister -4 - salary and allowances to the Under Secretary and who Bdrjtah well as Chancellor. Well as salaries and allowances monthly owner class Private. Finally Article 6 were initially set salary of a general manager.
Authorized those of the rank of minister rated salary and benefits under the law of the salaries and allowances of the Council of Ministers No. 27 of 2011 (the law is published in Iraqi Chronicle 4212 at 24/10/2011).
2 - that the Constitution does not mention the death withdraw the hand that taken by the President of the Council of Ministers or the Council of Ministers. But has only Prime Minister and under the provisions of Article 78 of the Constitution to sack the minister with the consent of the House of Representatives. Even dismissal which owns Prime Minister rhythm to the ministers not be categorically that has not been associated with the consent of the House of Representatives, the House of Representatives adopted its decision to vote yes absolute majority decision was Prime Minister in force and is the minister resigned If the House rejected an absolute majority decision of dismissal taken by Chairman Ministers, the decision is non-existent and decision-zero not arrange an impact from a constitutional standpoint.
3 - after the decisions taken to withdraw the hand from the staff of the Central Bank (which is contrary to the Constitution and laws) Council of Ministers issued a decree appointing Abdul Basit Turki central bank governor proxy. This decision violated two laws: -
I - Law Office of Financial Supervision No. 31 for the year
2011
Article 33 of the law to the following "not entitled to the Chief of Staff or his deputies, heads of departments or those who control and audit practice any profession or another job, even if it outside official working hours .."
The second - the Central Bank Law No. 56 of 2004.
Paragraph 4 of Article 21 of the law states that do not collect any employee of the bank between his job at the bank and among other jobs, whether he was receiving or not receiving them financial reward ... "
Central Bank of Iraq and the international situation.
Because Iraq is still under Chapter VII of the UN Security Council resolutions is definitely committed to all what comes out of the UN Security Council, especially Resolution 1483 in 2003 and resolution 1956 in 2010 and contains the following principles: -
1 - Resolution 1483 in 2003. This obliged Iraq's decision to adopt a single account system in the sense that all oil revenues are deposited starting in one account at a single institution to open an account at the Fed name:
Calculate oil revenues received opra
As the account was opened last named cbi-dfi.
This account is distributed opra 5% to the compensation account and 95% to account cbi-dfi. The Resolution No. 1956 for the year 2010 has included points binding following: In this resolution, the Security Council see progress towards the transition to a post-dfi with regard to the subsequent system DFI Government has decided on the same case open a new account to the government run by the Central Bank at the Federal Reserve Bank to become account alternative to the Development Fund for Iraq and the transfer of all accounts transfer mechanism 95 percent of the oil revenues to the account that was mentioned. Continue to transfer 5% to the Compensation Fund.
Stand By Arrangement SBA
Fund approves this program to advance the country applied for this program. The country offers a memorandum explaining the fiscal and monetary policies. If the program is accepted by the Fund, the Fund to move this program. SBA will approve the country then borrow from the Fund.
U.S. Treasury and money laundering.
This topic relating to unity of money laundering at the bank. If this circle complained commercial bank money laundering, it must verify in this case could be related to the Chambers counterpart.
Out of Iraqi dinars used to buy dollars from the bank.
First: that the government withdraw the dollar from the Development Fund for Iraq and resell it to the bank at 1166 dinars to the dollar, the bank has the authority to issue dinars and used for this purpose. The government uses the dinar to cover the expenses of the Interior and for the private sector, it will be used dinars to buy dollars from the auction. And do so through the private sector. The Dollar sells bank to these banks at 1179 dinars to the dollar. Banks are free to install the selling price of the dollar.
(Auction and commercial banks' capital)
(Auction should not be the capital)
Of international resolutions and the Bank Act we note the following: -
1 - that the bank does not deal with people but to deal with the commercial banks, and that the auction conducted by the Bank (the capital) Security Resolution 1956 in 2010.
2 - The Department of money laundering at the Central Bank (authorized) by following the procedures in the verification of money laundering and then relate Circuits (counterpart) for money laundering.
3 - The Iraqi government and named under the Convention (SBA) with the International Monetary Fund (IMF) obliged to buy all the national currency, the Iraqi dinar against the U.S. dollar (without restrictions).
4 - There is no provision in the law or the law of the central bank is required to buy the Iraqi dinar against the U.S. dollar versus (a receipt or other).
5 - to buy Iraqi dinar bring many benefits to the Central Bank and the promotion of hard currency (both inside and outside Iraq).
6 - citizen can (or company or dealer bank) to take advantage of the exchange rate against the Muslim Dinar Bank does not constitute a crime because the Iraqi economy is free and this is what the text of Security Council Resolution (UNSCR) 1483 for the year 2003.
"The word of history and a lesson from it"
1 - we can record to Mr. Shabibi really (as Governor of the Central Bank) that the balance of Iraq Reserve continues to increase and reached numbers not recorded in its history as well as stability in the exchange rate with the improvement of our national currency (hard) against the U.S. dollar (the currency of the United States of America) and Reserve boosted financial account of Iraq in the most trusted banks in the world and sobriety may receive Shabibi Bank and the balance of Iraq: -
Less than $ 2 billion 2004 is now $ 68 billion
And the U.S. dollar = 1350 Iraqi dinars
Became dollar = 1116 Iraqi dinars with the stability of the exchange rate did not exceed 1,250 dinars over the past period.
2 - There are five Directorates General for money laundering in Iraq, namely: -
1 - Directorate of money laundering - the Central Bank of Iraq.
2 - Directorate of money laundering - the fight against terrorism.
3 - Directorate of money laundering - and the Department of Homeland Security.
4 - Directorate of money laundering - the National Security Council.
5 - Directorate of money laundering - the Ministry of the Interior - the fight against crime.
This district was formed in 2005 and before that did not meet until today to coordinate their work Kjhat specializing in money laundering and did not have any records the case of money laundering in Iraq.
3 - Most politicians who opined in the (central bank crisis) confirmed that the charge of financial corruption stray too far from Mr. Sinan Mohammed Rida Al-Shabibi, may be the reason that Shabibi hails from a prominent Iraqi family and tradition. Have a serious contribution in the establishment of the modern Iraqi state in the wake of revolted. Great Revolution of the Iraqi people.
But it is possible, literature and the nobility of Shabibi and created record something in the management of the Iraqi Central Bank. The country and the people wake 09.04.2003 changed has a lot of concepts so we went back need a moral revolution major precede revolution construction and reconstruction Group is business and the mobilization of private banks might have been behind the lack of control over this institution monetary giant, especially since Shabibi compelled to travel always to represent Iraq in international conferences that are trading (cash) or (monetary policy), including his recent trip to Japan and the requirements of the International Monetary Fund That may take advantage of weak people who worship the dollar and store money in a variety of ways.
4 - Iraqi law regulating the work of the Central Bank prohibits lending to the government. Has provided for in paragraph 1 of Article 26 of the Law of the Central Bank of Iraq No. 56 of 2004 to the following "does not give any bank credits directly or indirectly to the government, nor for any public body or an institution owned by the state.
As well as the Central Bank may buy government securities to be limited to the purchase of such securities on the secondary market only.
5 - at the time of the First Republic of Iraq 1958-1963 request leader Gen. Abdul Karim Kassem - Prime Minister of Iraq - a member of the Board of sovereignty request from the Governor of Central Bank of Iraq and was then (Abdul Latif Shawaf) amounted to $ 30,000,000 thirty million dollars and taking reportedly between the two. Shawaf said to him, What is the purpose?
Leader answered: Services and ages. Individual Shawaf I can not give you this amount! فبادرة leader, but I replied Shawaf Prime Minister issued the order, Hasten leader issuing it to the Central Bank, the above amount. When it came to the governor of the Bank (Shawaf) tendered his resignation and left the Central Bank of Iraq.
(What Ahojna to history, sirs)
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