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Mullah: central bank policy floundering and caused a loss of 500 billion for Iraq in the Turkish administration
Date: 02/21/2013 13:00:33 Thursday
Criticized MP / coalition in Iraq / Haider Mulla strongly central bank policy, and accused him of causing the loss of Iraq, more than 500 billion dinars since it took over Abdel Basset Turki the administration.
Mulla said in a press conference held today building the House of Representatives and attended the Agency (news): Iraq lost lost since the 17 of November last until the 31 of December last, any Upon receipt of Abdel Basset Turki of the Central Bank, acting 509 billion dinars, due to confusion Bank and its policy is not successful.
He continued: Everyone knows that the House of Representatives form an investigative committee headed by First Deputy Speaker of Parliament Qusay al-Suhail, to investigate the procedures the central bank in the three key issues, and that those investigations resulted in the withdrawal of the hands of the President of the Central Bank Sinan Shabibi, and the inauguration of Abdel Basset Turki who is chairman of BSA financial, bank president by proxy.
He added: It is plausible that the supervisory authority is responsible for the executive, "explaining that the process of integration of the two institutions has led to large losses lies in the dominance of eight banks competent buy currency from the central bank, a Bank of Beirut and Byblos Bank and Bank of the Mediterranean and the Bank of Baghdad and Bank Al-Mansour Bank Bank and credit Ceyhan and the Bank of the Tigris and Euphrates in addition to the north bank.
Abizaid: These banks buy Iraqi currency without an auction, because they dictate the central bank buying dollars at 1166 Iraqi dinars. / End / d. Q /
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Date: 02/21/2013 13:00:33 Thursday
Criticized MP / coalition in Iraq / Haider Mulla strongly central bank policy, and accused him of causing the loss of Iraq, more than 500 billion dinars since it took over Abdel Basset Turki the administration.
Mulla said in a press conference held today building the House of Representatives and attended the Agency (news): Iraq lost lost since the 17 of November last until the 31 of December last, any Upon receipt of Abdel Basset Turki of the Central Bank, acting 509 billion dinars, due to confusion Bank and its policy is not successful.
He continued: Everyone knows that the House of Representatives form an investigative committee headed by First Deputy Speaker of Parliament Qusay al-Suhail, to investigate the procedures the central bank in the three key issues, and that those investigations resulted in the withdrawal of the hands of the President of the Central Bank Sinan Shabibi, and the inauguration of Abdel Basset Turki who is chairman of BSA financial, bank president by proxy.
He added: It is plausible that the supervisory authority is responsible for the executive, "explaining that the process of integration of the two institutions has led to large losses lies in the dominance of eight banks competent buy currency from the central bank, a Bank of Beirut and Byblos Bank and Bank of the Mediterranean and the Bank of Baghdad and Bank Al-Mansour Bank Bank and credit Ceyhan and the Bank of the Tigris and Euphrates in addition to the north bank.
Abizaid: These banks buy Iraqi currency without an auction, because they dictate the central bank buying dollars at 1166 Iraqi dinars. / End / d. Q /
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