Home
Shabibi for "range": learn with me through the media and Government interventions in monetary policy harmful
09/07/20140
Economists called on the Iraqi Government to reconsider the charges against former Central Bank Governor and money expert (Sinan Al-Shabibi), in describing the judicial power by "politicized" called on the Government not to interfere with the work of independent bodies, and considered the nomination by the Secretary-General of the Council of Ministers on the relationship to the Governor the Central evidence of attempts by the influential parties in the acquisition of independent bodies. In turn, the Iraqi Government said Al-Shabibi has numerous interventions in the work of the World Bank, calling them a "harmful" interventions on the monetary policy pursued by the Central. Press reports said the Federal High Court sentenced 7 years against former Central Bank Governor Sinan Al-Shabibi on the charges against him during his administration of the Bank. Says former Central Bank Governor Sinan Al-Shabibi on charges "does not know the charges and on what basis the judgment, if the foreign currency auction this auction is key to the Bank's monetary policy, the Bank still has a clear policy to swap Iraqi dinar to the US dollar", stating that "this is purely a cash swap dollars for dinars using a particular exchange rate determined by the Bank, the Bank does not refuse any request to Exchange cash if free of legal and administrative problems."
Al-Shabibi said that "reject any request it is possible to create another market and the exchange rate of the time, which leads to the phenomenon of multiple prices, either buy the dollar, this case does not concern the Central Bank as a trade issue, the Central Bank does not follow, however, that the Bank follows the cases of money laundering through the Directorate of the Bank which receives a copy of the auction".
He said: "I have not received anything in writing on the right and didn't get anything to their lawyers to defend me", adding: "I knew the topic sentence of rights through the media and news agencies, and specifically from sumaria News Agency published news".
He stressed that "numerous attempts to interfere in the work of the Central Bank of the Government, and this interference in its policies or to obtain funds from the Reserve Bank," pointing out that "the harmful to the Bank's efforts to control inflation, the Bank's main objective is to affect policies in this area."
Shabibi noted that "independent bodies are an essential part of the federal authorities, according to the Constitution, and is generally independent in their work, and this is an important issue with regard to the Central Bank, which enjoys financial and administrative independence and autonomy in policy formulation", noting that "the independence of the Central Bank shall be derived mainly from printing money must be independent of the use of money".
He said "there is no doubt that judicial decisions and warrants of arrest will be affecting competencies that wants the country to benefit, that judicial work is necessary and essential in General to examine issues based on a specialized technical understanding."
Not for the "range" clarification of the Federal Supreme Court on the nature of the sentence and the charges against Al-Shabibi because the Court's response to the repeated contacts.
With the Raad Hamid al-jubouri says in an interview to "range", that "the right of one of an early developer of economy in Iraq puts a question mark on the Iraqi judiciary, the law on the Central Bank operates in accordance with the law granted immunity from the most basic to the highest positions," Noting that "the authority to take over the work of independent bodies for it, one way or another, is a thorn in the eyes of the political parties that are trying to acquire independent bodies such as the integrity Commission, the Central Bank and the Electoral Commission."
Tasks of the Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, management of foreign currency reserves, issuance and management of currency, in addition to regulating private sector banks.
Jubouri, an economic analyst, said "the problem with the former Central Bank Governor began when the latter refused a request to give the Government an amount of $ 5 billion from the Bank's reserves for deals on electric power, and were later reported the existence of corruption in those transactions involving purchase of power plants and other", noting that "reserve funds at the Central Bank for the Iraqi people, as well as used when natural disasters such as floods, earthquakes and other".
"The arrest warrants recently issued against persons chairing the pyramid of independent bodies is clash of wills and me arms", noting that "Shabibi was able to say" no "to the Prime Minister for that experience to this position and now faces charges of malicious".
He said that "the personal is Sinan Al-Shabibi economic and shameful to question his integrity."
For his part said external trade Abdul Azim Al-Khafaji said in an interview for "the range", that "the issue of Sinan Al-Shabibi Gert political at the expense of the Iraqi economy and monetary policy", stating that "the nomination by the Secretary-General of the Council of Ministers on relations between the Iraqi Central Bank management is a clear indication of the influential political attempts to acquire potential Central Bank control money of the Iraqi people."
Khafaji said that Shabibi was one of the most important pillars of the economy in Iraq, the world is a global task references in the world of finance and economics is an international adviser is taken in international forums ".
He said "try to develop political contacts persons known to the Iraqi Central Administration is circumventing the law and the work of independent bodies, and are trying to absorb the wealth of Iraq and lost unjustly."
"The charge of Sinan Al-Shabibi is acquitted, as they relate to banks and personalities (parasitic) that feed on corruption", pointing out that "the charge concerning the price difference quotient when the Central Bank sold dollars and the price at which the dollar is sold at banks, Sinan Al-Shabibi has nothing to the subject."
In the same context, says economist maytham winfred for "range" to "Dr. Sinan Al-Shabibi, son of Sheikh Muhammad Ridha Al-Shabibi, who is known as one of the symbols of Iraq National Minister and Deputy Chairman of the Board of elders and adeeb, and Sinan Al-Shabibi brother Asad Al-Shabibi, known for his opposition to dictatorship."
He said winfred said: "in the reign of Al-Shabibi was accumulating foreign reserves of the Bank amounted to more than $ 76 billion, the Iraqi economy was owed abroad, and action to save the money in global banks honest," adding that "one of the main tasks of the Central Bank of Iraq after 2003 replace old Iraqi currency; poor quality new Iraqi currency with good specifications in terms of the quality of paper used and differentiation of colors and sizes, the restored confidence in this currency Either to the public or the outside world. "
"The period of rising Shabibi Governor Central Bank of Iraq has not seen any fluctuations in natural and acceptable limits through the auction currency counting mechanism to meet the demands of the market of foreign currency sold by the Bank to the public and has succeeded in maintaining the Iraqi dinar exchange rate", pointing out that "the auction currency is also an important tool used by the Central Bank to soak up excess liquidity and maintaining low inflation rates, and this was the same mechanism the tool to activate the activity Private business to consumer and investment needs of the local economy is adjusting the rhythm of foreign trade relationship and the Iraqi economy suffers from severe reliability one source has a close relationship with the outside world import and export, as well as its role in the auction currency in banking. "
He said that Shabibi has tried hard to maintain the independence of the Central Bank and in the Executive Branch to link its Central Bank, in a famous incident in which abstained from lending considerable financial amount ".
The Central Bank announced, in (11 August 2012), about the rise to 195 67 billion dollars, the reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq.
The House speaker Osama Al-nujaifi, slip on (7 October 2012), on suspicion of corruption in the work of the Central Bank of Iraq, while noting that the Board initiated a "thorough" policy of the Central Bank since 2003, pledged to follow the investigation "personally" to the importance of the issue.
And the Presidency of the Council of Deputies (12 August 2012) Investigative Committee will visit the Central Bank and keep records and numbers and sales people who get hard currency, where the investigative work of the Commission is different from the work of the Oversight Committee, which was approved by the Council and the heads of the financial and economic committees and the Office of financial supervision.
Sinan Al-Shabibi was chosen in 2012 one of the top five global economic figures on the list of the 500 most powerful Arab personalities in the poll by global news site specialising in finance and economy shrimp business.
The pace of accusations tsaa date on smuggled currency that overshadowed the dollar selling prices on local markets and led to an increase in the rate paid by the month, while the student Parliament of the need for the Government to stop selling the currency in the Central Bank auction, others stressed that Iraq is losing big money from smuggled daily out of the border, despite the acclaim of many specialists regard the pluses auction in reducing inflation rates and control the value of the Iraqi dinar.
The Prime Minister was asked earlier by appending its autonomous bodies, saying that the bodies of the constitutional order.
The Federal Supreme Court issued a decision on January 18, 2012, to link independent bodies mentioned in the Iraqi Constitution, the Prime Minister directly, not by the House, the decision came at the request of the Office of the Prime Minister to the Federal Court on 2 December of last year, to show the link.
The CBI called on 24 January 2011, the Federal Supreme Court to issue a second interpretative resolution demonstrates the first resolution to link independent bodies, chaired by the Prime Minister and the chairmanship of Parliament, warning of the dangers of many direct country if left without explanation.
[You must be registered and logged in to see this link.]
09/07/20140
Economists called on the Iraqi Government to reconsider the charges against former Central Bank Governor and money expert (Sinan Al-Shabibi), in describing the judicial power by "politicized" called on the Government not to interfere with the work of independent bodies, and considered the nomination by the Secretary-General of the Council of Ministers on the relationship to the Governor the Central evidence of attempts by the influential parties in the acquisition of independent bodies. In turn, the Iraqi Government said Al-Shabibi has numerous interventions in the work of the World Bank, calling them a "harmful" interventions on the monetary policy pursued by the Central. Press reports said the Federal High Court sentenced 7 years against former Central Bank Governor Sinan Al-Shabibi on the charges against him during his administration of the Bank. Says former Central Bank Governor Sinan Al-Shabibi on charges "does not know the charges and on what basis the judgment, if the foreign currency auction this auction is key to the Bank's monetary policy, the Bank still has a clear policy to swap Iraqi dinar to the US dollar", stating that "this is purely a cash swap dollars for dinars using a particular exchange rate determined by the Bank, the Bank does not refuse any request to Exchange cash if free of legal and administrative problems."
Al-Shabibi said that "reject any request it is possible to create another market and the exchange rate of the time, which leads to the phenomenon of multiple prices, either buy the dollar, this case does not concern the Central Bank as a trade issue, the Central Bank does not follow, however, that the Bank follows the cases of money laundering through the Directorate of the Bank which receives a copy of the auction".
He said: "I have not received anything in writing on the right and didn't get anything to their lawyers to defend me", adding: "I knew the topic sentence of rights through the media and news agencies, and specifically from sumaria News Agency published news".
He stressed that "numerous attempts to interfere in the work of the Central Bank of the Government, and this interference in its policies or to obtain funds from the Reserve Bank," pointing out that "the harmful to the Bank's efforts to control inflation, the Bank's main objective is to affect policies in this area."
Shabibi noted that "independent bodies are an essential part of the federal authorities, according to the Constitution, and is generally independent in their work, and this is an important issue with regard to the Central Bank, which enjoys financial and administrative independence and autonomy in policy formulation", noting that "the independence of the Central Bank shall be derived mainly from printing money must be independent of the use of money".
He said "there is no doubt that judicial decisions and warrants of arrest will be affecting competencies that wants the country to benefit, that judicial work is necessary and essential in General to examine issues based on a specialized technical understanding."
Not for the "range" clarification of the Federal Supreme Court on the nature of the sentence and the charges against Al-Shabibi because the Court's response to the repeated contacts.
With the Raad Hamid al-jubouri says in an interview to "range", that "the right of one of an early developer of economy in Iraq puts a question mark on the Iraqi judiciary, the law on the Central Bank operates in accordance with the law granted immunity from the most basic to the highest positions," Noting that "the authority to take over the work of independent bodies for it, one way or another, is a thorn in the eyes of the political parties that are trying to acquire independent bodies such as the integrity Commission, the Central Bank and the Electoral Commission."
Tasks of the Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, management of foreign currency reserves, issuance and management of currency, in addition to regulating private sector banks.
Jubouri, an economic analyst, said "the problem with the former Central Bank Governor began when the latter refused a request to give the Government an amount of $ 5 billion from the Bank's reserves for deals on electric power, and were later reported the existence of corruption in those transactions involving purchase of power plants and other", noting that "reserve funds at the Central Bank for the Iraqi people, as well as used when natural disasters such as floods, earthquakes and other".
"The arrest warrants recently issued against persons chairing the pyramid of independent bodies is clash of wills and me arms", noting that "Shabibi was able to say" no "to the Prime Minister for that experience to this position and now faces charges of malicious".
He said that "the personal is Sinan Al-Shabibi economic and shameful to question his integrity."
For his part said external trade Abdul Azim Al-Khafaji said in an interview for "the range", that "the issue of Sinan Al-Shabibi Gert political at the expense of the Iraqi economy and monetary policy", stating that "the nomination by the Secretary-General of the Council of Ministers on relations between the Iraqi Central Bank management is a clear indication of the influential political attempts to acquire potential Central Bank control money of the Iraqi people."
Khafaji said that Shabibi was one of the most important pillars of the economy in Iraq, the world is a global task references in the world of finance and economics is an international adviser is taken in international forums ".
He said "try to develop political contacts persons known to the Iraqi Central Administration is circumventing the law and the work of independent bodies, and are trying to absorb the wealth of Iraq and lost unjustly."
"The charge of Sinan Al-Shabibi is acquitted, as they relate to banks and personalities (parasitic) that feed on corruption", pointing out that "the charge concerning the price difference quotient when the Central Bank sold dollars and the price at which the dollar is sold at banks, Sinan Al-Shabibi has nothing to the subject."
In the same context, says economist maytham winfred for "range" to "Dr. Sinan Al-Shabibi, son of Sheikh Muhammad Ridha Al-Shabibi, who is known as one of the symbols of Iraq National Minister and Deputy Chairman of the Board of elders and adeeb, and Sinan Al-Shabibi brother Asad Al-Shabibi, known for his opposition to dictatorship."
He said winfred said: "in the reign of Al-Shabibi was accumulating foreign reserves of the Bank amounted to more than $ 76 billion, the Iraqi economy was owed abroad, and action to save the money in global banks honest," adding that "one of the main tasks of the Central Bank of Iraq after 2003 replace old Iraqi currency; poor quality new Iraqi currency with good specifications in terms of the quality of paper used and differentiation of colors and sizes, the restored confidence in this currency Either to the public or the outside world. "
"The period of rising Shabibi Governor Central Bank of Iraq has not seen any fluctuations in natural and acceptable limits through the auction currency counting mechanism to meet the demands of the market of foreign currency sold by the Bank to the public and has succeeded in maintaining the Iraqi dinar exchange rate", pointing out that "the auction currency is also an important tool used by the Central Bank to soak up excess liquidity and maintaining low inflation rates, and this was the same mechanism the tool to activate the activity Private business to consumer and investment needs of the local economy is adjusting the rhythm of foreign trade relationship and the Iraqi economy suffers from severe reliability one source has a close relationship with the outside world import and export, as well as its role in the auction currency in banking. "
He said that Shabibi has tried hard to maintain the independence of the Central Bank and in the Executive Branch to link its Central Bank, in a famous incident in which abstained from lending considerable financial amount ".
The Central Bank announced, in (11 August 2012), about the rise to 195 67 billion dollars, the reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq.
The House speaker Osama Al-nujaifi, slip on (7 October 2012), on suspicion of corruption in the work of the Central Bank of Iraq, while noting that the Board initiated a "thorough" policy of the Central Bank since 2003, pledged to follow the investigation "personally" to the importance of the issue.
And the Presidency of the Council of Deputies (12 August 2012) Investigative Committee will visit the Central Bank and keep records and numbers and sales people who get hard currency, where the investigative work of the Commission is different from the work of the Oversight Committee, which was approved by the Council and the heads of the financial and economic committees and the Office of financial supervision.
Sinan Al-Shabibi was chosen in 2012 one of the top five global economic figures on the list of the 500 most powerful Arab personalities in the poll by global news site specialising in finance and economy shrimp business.
The pace of accusations tsaa date on smuggled currency that overshadowed the dollar selling prices on local markets and led to an increase in the rate paid by the month, while the student Parliament of the need for the Government to stop selling the currency in the Central Bank auction, others stressed that Iraq is losing big money from smuggled daily out of the border, despite the acclaim of many specialists regard the pluses auction in reducing inflation rates and control the value of the Iraqi dinar.
The Prime Minister was asked earlier by appending its autonomous bodies, saying that the bodies of the constitutional order.
The Federal Supreme Court issued a decision on January 18, 2012, to link independent bodies mentioned in the Iraqi Constitution, the Prime Minister directly, not by the House, the decision came at the request of the Office of the Prime Minister to the Federal Court on 2 December of last year, to show the link.
The CBI called on 24 January 2011, the Federal Supreme Court to issue a second interpretative resolution demonstrates the first resolution to link independent bodies, chaired by the Prime Minister and the chairmanship of Parliament, warning of the dangers of many direct country if left without explanation.
[You must be registered and logged in to see this link.]
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» utube 11/25/24 MM&C MM&C Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-B
» Parliamentary movement to include the salary scale in the next session
» Parliamentary Finance Committee reveals the budget paragraphs included in the amendment
» Al-Maliki calls on the Bar Association to hold accountable members who violate professional conduct
» Politician: The security agreement with America has many aspects
» Kurdistan Planning: More than 6 million people live in the region, the oldest of them is 126 years o
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
» Economics saves from political drowning
» Agriculture calls for strict ban on import of "industrial fats" and warns of health risks
» Iraq is the fourth largest oil exporter to China
» Railways continue to maintain a number of its lines to ensure the smooth running of trains
» Parliament resumes its sessions tomorrow.. and these are the most important amendments in the budget
» Bitcoin Fails to Continue Rising as It Approaches $100,000
» Minister of Planning: There will be accurate figures for the population of each governorate
» Popular Mobilization Law is ready for voting
» Mechanisms for accepting people with disabilities into postgraduate studies
» Government coordination to create five thousand jobs
» Transport: Next month, a meeting with the international organization to resolve the European ban
» Census is a path to digital government
» Calls to facilitate loans and reduce interest rates for the private sector
» The launch of the third and final phase of the "population census"
» Al-Sudani: We have accomplished a step that is the most prominent in the framework of planning, deve
» Justice discusses modern mechanisms to develop investment in real estate and minors’ money
» Dubai to host Arabplast exhibition next month
» Al-Tamimi: Integrity plays a major role in establishing the foundations of laws that will uphold jus
» Reaching the most important people involved in the "theft of the century" in Diyala
» Transportation: Completion of excavation works and connection of the immersed tunnel manufacturing b
» Between internal and regional challenges... Formation of the Kurdistan government on a "slow fire" a
» Kurdistan Region Presidency: We will issue a regional order to determine the first session of parlia
» The Minister of Foreign Affairs announces the convening of the Ambassadors Conference tomorrow, Mond
» Al-Sudani: Iraq must always be at the forefront
» Al-Mashhadani: We support the Foreign Ministry in confronting any external interference that affects
» Al-Sudani chairs meeting with Oliver Wyman delegation
» Half a million beggars in Iraq.. 90% of them receive welfare salaries
» Sudanese announces preliminary results of the general population and housing census in detail
» The centenary of the Iraqi Ministry of Foreign Affairs.. A journey of challenges and achievements
» Prime Minister's Advisor Announces Assignment of Two International Companies to Study Iraqi Banking
» Agriculture: Integrated Support Project Provides 1,333 Job Opportunities
» The Media and Education Commission discuss introducing advanced curricula related to artificial inte
» Al-Mashhadani’s First Test: Discussing Israeli Threats and Avoiding Controversial Laws
» By name.. A parliamentary bloc reveals that five ministers will be questioned at the end of the legi
» The financial budget is subject to political and economic amendments in the next parliamentary sessi
» Will the government's efforts succeed in ending the electricity crisis in Iraq?
» Baghdad Airport Customs Increased to 400% After Implementing Automation
» EU: Integrated Support Project in Iraq Creates Jobs in Agriculture and Youth
» Al-Sudani attends the centenary ceremony of the establishment of the Ministry of Foreign Affairs
» Al-Mashhadani: We seek to keep foreign policy away from alignments that harm Iraq’s unity and sovere
» The Iraqi government is working to develop a competitive banking system and support the private sect
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
» Regional markets rise in first session of the week
» Kurdistan Region Presidency: We will issue an order to set the first session of the regional parliam
» Political differences hinder oil and gas law legislation
» Government coordination to create new job grades for graduates
» The financial budget is subject to amendments in the next parliamentary session
» Alsumaria Newsletter: Iraq reaches the final stages of the census and Parliament resumes its session
» After the elites and workers... Iranian factories "migrate" to Iraq
» Beggars in Iraq "refuse" welfare salaries.. Their profits are 10 times the salary!
» Amending the Election Law... A Means to Restore the Dilapidated Legitimacy
» Prime Minister announces population census results, Iraq reaches 45 million mark
» Find out the dollar exchange rates in the Iraqi markets
» Kurdistan Interior Ministry: General amnesty does not include those accused of killing women
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
» Al-Sudani discusses with the Secretary-General of the Digital Cooperation Organization enhancing dig
» President of the Republic: Partnership with the United States is essential to achieve regional stabi
» Mazhar Saleh reveals details of the 2023 budget and the 2024 budget horizon
» Absent control and rising corruption.. Sudan faces a harsh political winter
» A representative shows the laws prepared for voting during the upcoming sessions.
» Corrupt people in it.. Independent MP criticizes the performance of Al-Sudani's government
» Parliamentary Oil Committee reveals government move to end electricity crisis
» The Administrative Court postpones consideration of the lawsuit on the legitimacy of the Kirkuk gove
» MP: The ministerial reshuffle depends on consensus within the state administration
» Politicians put question marks on Al-Sudani: corruption, espionage and serving foreign interests
» The International Union of Arab Bankers honors the Chairman of the Private Banks Association: A prom
» Industry: Contracts to supply state ministries with food products
» After Shell Withdrawal, American Company Heads to Implement Al-Nibras Project in Iraq
» Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party
» The Central Bank of Iraq 77 years of challenges and reforms
» "Unprecedented numbers"... American "CNN" talks about tourism in Iraq
» After implementing automation, Baghdad Airport Customs jumps 400 percent
» Iraq participates in sustainable development activities
» Al-Sudani opens 790 model schools
» Parliamentary Culture: The Right to Information Law will satisfy all parties
» Al-Mashhadani to {Sabah}: Tomorrow we will discuss the Zionist threats
» Industry to {Sabah}: Contracts to supply state ministries with food products
» Trade cooperation between Najaf and Isfahan
» {New building} and {electronic systems} to develop forensic medicine
» A specialized center for monitoring the environmental situation in the capital
» International and parliamentary praise for the success of the "population census" process
» The European Union organizes a workshop in Basra on central administration and the wealth distributi
» The Media Authority and the Ministry of Education discuss the importance of enhancing and introducin
» Iraq's oil exports to America rose last week
» Electricity announces loss of 5,500 megawatts due to complete halt of Iranian gas supplies
» Tomorrow.. The Arab League is looking to unify its position against Israeli intentions to strike Ira
» The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the cla
» Network reveals the fate of the Chinese deal.. It was disrupted by "Iraqi officials"
» From the White House to the "Leaders of Iraq"... A Message Regarding the Targeting of Baghdad
» Parliament session agenda next Tuesday