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Central Bank confirms the existence of a statistical error in its gold reserves
Wednesday 10 April 2013
Alsumaria News / Baghdad
The central bank of Iraq, on Wednesday, the existence of a statistical error in the data on Baanaatih of gold made by the International Monetary Fund (IMF), confirming the presence of systematic targeting of its performance, and that it will not tolerate the targeting.
The bank said in a press statement received "Alsumaria News" copy, "The source of the difference in the data with the central bank of its gold reserves to the International Monetary Fund is wrong statistical exchange in the data submitted to the International Monetary Fund initially, and was corrected in the second report Fund ", pointing out that" there was no transaction to buy or sell at this stage. "
The bank that, at the level of his administration "will take all necessary legal action against those who erred in the presentation of statistical data," adding that "it spoke to this subject was not familiar with until the arrival - if desired insulting to the central bank - using methods logical, it is known that the bank's balance sheet exposure with reports which include the nature of the assets and liabilities do not need it for more than a review of this budget to make sure it did not include such changes. "
The statement pointed out that "the recent days have seen advertising candid and unprecedented and irresponsible targeted institutional systematic survey of the performance of the Central Bank of the parties not collected only resistant to rebuild Iraq," noting that "it is not unlikely to have intended this attack more confusing public order economic and social. "
He continued that "whenever a new administration decision to strengthen the market and boost the economy and the organization of more economic freedom in the area of the bank's activities and management of foreign currency faces a number of politicians to respond and exposure to these procedures, which is reflected clearly influencing the development of the currency and the stability of the market."
The CBI in its statement that it "will continue to seriously legal and economic implications of such targeting and confirms that this institution should remain independent not only in its resolution, but even in the thinking and attitudes of others towards them."
The Bank noted that "directed the bank, which is keen him regardless of what other people are doing and is planned and pay him, is more than the defense of a fixed exchange rate and greater freedom of openness the market and protect the banking system effectively and efficiently and to ensure its success in keeping Translated from continuing influence on this device ".
He was a member of the Parliamentary Integrity Committee Jawad detection Alshahyla, in a press conference held at the parliament building on Tuesday, that "ten tons of gold stolen from the Central Bank of Iraq through the end of last year", and stressed that the current presidency of the bank "involved" in that theft.
He denied the Iraqi Central Bank on the same day, Tuesday, reports that steal tons of his gold, and called Alshahyla to provide probative evidence, waving to sue him, saying that news aimed at disrupting the market and harms the reputation of the Iraqi economy.
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Wednesday 10 April 2013
Alsumaria News / Baghdad
The central bank of Iraq, on Wednesday, the existence of a statistical error in the data on Baanaatih of gold made by the International Monetary Fund (IMF), confirming the presence of systematic targeting of its performance, and that it will not tolerate the targeting.
The bank said in a press statement received "Alsumaria News" copy, "The source of the difference in the data with the central bank of its gold reserves to the International Monetary Fund is wrong statistical exchange in the data submitted to the International Monetary Fund initially, and was corrected in the second report Fund ", pointing out that" there was no transaction to buy or sell at this stage. "
The bank that, at the level of his administration "will take all necessary legal action against those who erred in the presentation of statistical data," adding that "it spoke to this subject was not familiar with until the arrival - if desired insulting to the central bank - using methods logical, it is known that the bank's balance sheet exposure with reports which include the nature of the assets and liabilities do not need it for more than a review of this budget to make sure it did not include such changes. "
The statement pointed out that "the recent days have seen advertising candid and unprecedented and irresponsible targeted institutional systematic survey of the performance of the Central Bank of the parties not collected only resistant to rebuild Iraq," noting that "it is not unlikely to have intended this attack more confusing public order economic and social. "
He continued that "whenever a new administration decision to strengthen the market and boost the economy and the organization of more economic freedom in the area of the bank's activities and management of foreign currency faces a number of politicians to respond and exposure to these procedures, which is reflected clearly influencing the development of the currency and the stability of the market."
The CBI in its statement that it "will continue to seriously legal and economic implications of such targeting and confirms that this institution should remain independent not only in its resolution, but even in the thinking and attitudes of others towards them."
The Bank noted that "directed the bank, which is keen him regardless of what other people are doing and is planned and pay him, is more than the defense of a fixed exchange rate and greater freedom of openness the market and protect the banking system effectively and efficiently and to ensure its success in keeping Translated from continuing influence on this device ".
He was a member of the Parliamentary Integrity Committee Jawad detection Alshahyla, in a press conference held at the parliament building on Tuesday, that "ten tons of gold stolen from the Central Bank of Iraq through the end of last year", and stressed that the current presidency of the bank "involved" in that theft.
He denied the Iraqi Central Bank on the same day, Tuesday, reports that steal tons of his gold, and called Alshahyla to provide probative evidence, waving to sue him, saying that news aimed at disrupting the market and harms the reputation of the Iraqi economy.
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