Iraq: big heads will fall in the case of the Iraqi Central Bank

Iraq: big heads will fall in the case of the Iraqi Central Bank

Sunday, March 12, 2017 - 07:20

Iraqi government unveiled the fall of the big heads in the case of violations of the Iraqi Central Bank, on the background of the monetary policies of the dinar, which fell against the dollar.

He said Iraqi Prime Minister Nuri al - Maliki said in an interview with Alsumaria TV last night, said he '' has formed a committee of the Board of Supreme Audit and specialists to investigate the monetary policy and the irregularities found status, though the Commission 's report contained many irregularities, and on the advice of others have been wait - pending report The international Monetary Fund and the Central Bank. '

He added that '' the governor of the central bank (the article) Shabibi refuses to let us know anything, one of the sets monetary policy and shall move the market and the price of the dinar exchange through foreign currency auction, while the government does not have any income in that '', according to '' German ''.

He explained that '' Shabibi talking three years ago about the great imbalance in the central bank, and that the prime minister does not have the experience in the field of money and monetary policy, but abide by the constitution which stipulates that the Council of Ministers responsible for monetary and fiscal policy, as well as he can not act in Iraqi funds ''.

He said that government intervention in the case of the central bank came '' after the devaluation of the dinar against the dollar, though the objectors of the House of Representatives, politicians and imams Friday in the country do not know the realities of the Central Bank of the issue ''.

Came the Iraqi government 's statements after the government denied the end of last month they relate to orders arrest of former central bank governor, who said al - Maliki , then, that the Iraqi government has many differences with the Central Bank of Iraq , but what finally got the issuance of arrest warrants against the bank 's governor and a number of staff orders not the Government of any link to it.

He said al - Maliki in a statement posted on the official website of the Iraqi government '' It is no secret that the government 's many differences with the central bank 's management, it has a serious remarks about a lot of activity and monetary policy and so on , but the latest case was not the government relevant to them. '

He added '' turmoil that happened in the Iraqi currency finally stimulated many regulators to investigate the activity of the central bank, including the method of hard currency and foreign exchange sale and the stock market and so on. The House committee headed by Vice President of the House of Representatives Qusay al-Suhail, the Chairman of the Finance Committee, and Chairman of Supreme Audit Representatives, others from various political blocs and MPs form. It appears that the investigation, which lasted for more than a month to issue a report ended up carrying Central Bank Governor Sinan al-Shibibi and others at the bank responsible for numerous charges. The committee charged by Parliament to lift its site by members of the Committee, as well as Parliament Speaker Osama Najafi and the Chairman of the Committee, directly to the Integrity Commission, without going through the government ''.

He said '' Based on this report and the documents adopted by the Commission filed its report with the report of the Parliamentary Committee to own integrity in the Supreme Judicial Council to investigate the issues of court. The court has issued arrest of the governor of the bank and a number of bank employees for questioning orders. The cabinet voted almost unanimously for after these developments, to entrust the head of one of the largest independent regulatory institutions and are associated with other House of Representatives, Dr. Abdul Basit Turki head of Supreme Audit to carry out the functions of the bank until further notice ''.


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