Shabibi «world»: sack me was a deal between Maliki and Najafi and new controls for «Central» respons

Shabibi «world»: sack me was a deal between Maliki and Najafi and new controls for «Central» responsible for the rise in the dollar



04/07/2013



Shabibi «world»: sack me was a deal between Maliki and Najafi and new controls for «Central» responsible for the rise in the dollar
Beirut - Laith Mohammed Reza

Revealed Shabibi former central bank governor that the dismissal took place after the rapprochement took place between Maliki and Najafi at the time, attributing the rise in the dollar to controls established by the bank's management new currency auction, in addition to the withdrawal of U.S. troops, which led to the loss of confidence of the people the situations existing , pointed out that the rise of the dollar in the period of his administration have been used to accuse the bank of failing, while the government shut him now.

While among the bank's management focuses on the show only, without demand, accusing non-independence after agreeing to lend the government of the cash reserves, pointing out that the department staff, money laundering are responsible for checking the documents required from customers currency auction, not staff the auction who accused the government Previously not to investigate the documents. Shabibi, blaming inflation on fiscal policy followed by the government, adding that his administration was challenged, so managed to reduce inflation to 10 percent after it was 50 percent. In an exclusive interview with "the world" in Beirut, said Shabibi, former central bank governor, that "rapprochement between Maliki and Najafi in the previous period was the reason for Azaana, because إقالتي they require parallels between the presidencies of the government and parliament, and although the rapprochement between the presidencies did not continue, but to stage a short time, but he took advantage of high efficiency, "adding" I'm not political, but I have close ties with the generation of political governing now, and Abu Isra (Maliki) my friend too, but the problem in those around him, as I have friendships deep with various leaders, including President Talabani, for I am a peaceful and professional. "

He attributed Shabibi high exchange rate of the dollar at the moment that "controls in place now in the currency auction see where additional restrictions on currency conversion, and this restriction make a large part of the demand is heading to the market to satisfy needs that have not يلبها central bank, which led to get a big increase in the price of the dollar against the decline of the dinar, "he said, adding," We are with control but not with restrictions lead to the high price of the dollar and increased demand it بالنحو make it reflect negatively on the dinar. "

And amazed former central bank governor, saying, "I do not now talking about higher dollar prices and access to 1270 dinars, but at the time of our management was any height advantage to accuse the central bank to fail, even though we worked in a difficult political circumstances." He ruled that "the Iran sanctions and the Syrian crisis is behind the rise in prices cashed," saying "the surge began the end of 2011, the real reason is to increase the demand for it with the exit of the Americans at the time, which led to the perception by many people distrust the situation and fears of instability the country, in addition to the vibrations in Syria and Iran, and so combined factors that led to increased demand for the dollar. " And saw Shabibi that "Administrative new central bank focused on determining the offer, and you deduct random demand, is sure to demand truncated goes to market," and urged "the central bank to work on the balance between the supply of dollars and the demand for it, especially when there has reserves sufficient." He considered that "the central bank is currently moving away from independence and there joint decisions with the Finance Ministry, but until now did not seem a strong stance toward the government in the case of lending of the cash reserves," adding, "We reject loaned from the reserve, and Pena has said the law prevents us from it, and we told them that they have to work to change the law before borrow from the reserve, and told the prime minister that. "

Regarding the body responsible at the central bank for check the documentation for buyer dollar bank auction, said Shabibi said that "verification of the sources of those documents step precedes arrival of currency auction, and bank must be Mthakqa of documents that it had received, فالمصرف verified treatment and give us martyrdom, then that treatment Get on the dollar alone send to the circle of money laundering at the central bank, which must continue to follow-up and verification even after the purchase, and I'm not sure that was followed really, or not, "attributing the cause of ignorance follow circle washing those documents, that" the reports of these Circle was scarce, the report did not Aotna clear from this circle indicates a money laundering problems, but the most likely to inform others that there washing. "

He stressed that "the responsibility of the Department of money laundering, do not stand on the check transactions, but extends to the prosecution after the completion of purchase, and therefore, the responsibility lies with the Department of money laundering, and not a circle auction that took place employees under penalty charge, while survived staff of the money laundering, although they Officials ".

He justified Shabibi emphasizes his administration earlier in the management of monetary policy also criticized by economists and politicians that "تشددنا in the management of monetary policy led to lower inflation of about 50 percent when I receive the central bank, to less than 10 percent, after it raised interest rates for bank deposits to us, until it reached 9 percent, Fajdhana war against inflation and we Bkhvdah, "adding that" fiscal policy accredited to the Government lead to inflationary effects when neglected variables of interest, the government when you achieve an increase in revenue and sales by 5 percent and the spending it, not interested in it could lead to rising commodity prices by 10 percent, and therefore means it has lost 5 percent of the value of such proceeds, and the result will be a rise in the inflation index, and when you're talking with them in this matter were upset. "

He explained former central bank governor "when the expansion in spending, it must meet a request from the inside or from the outside, and otherwise get inflation and forced to intervene and militancy, so you're in the Economic Commission of the Cabinet tell them you why تشددنا", مستطردا "Now all spending in the state budget is without calculating the value of money, and they do not know when they spend 500 dinars commodity that was worth more than last year or less, but the central bank was studying these things, and this from the basics of the economy. "

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