CBI considered the accusations as “sheer fabrication” and warns of the risks to the national economy

considered CBI, Friday, accusations directed him “pure fabrication” and unknown purposes, confirming that it was the reputation of the Iraqi Central Bank and the national economy to the “danger”, while pointing out that he will rebutted these unsubstantiated allegations and prosecute all parties and persons who brandishing it.

central bank said in a statement issued today, and received “Alsumaria News” version of it, that “all that came in the campaign tendentious suffered by the Iraqi Central Bank untrue, a pure fabrication and unknown charges purposes,” asserting that it “exposure reputation the central bank and the national economy at risk, and lead to economic risks both internal and external.”

He Bank that “will rebutted these unsubstantiated allegations and prosecute all those people who brandishing its unlawfully or illegally.” revealed House Speaker Osama Nujaifi (7 October 2012), the existence of suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve “depth” in the policy of the central bank since 2003, vowed to pursue the investigation “personally” to the importance of the issue. stressed Nujaifi , (26 September 2012), the importance of the independence of the central bank and the priority follow-up daily auction of foreign currency, as pointed head BSA Abdul Basit Turki Hadithi to near present the results of the Committee’s report investigative on daily auction organized by the bank to sell the dollar on the Council. and MP for State of Law coalition Haitham al-Jubouri in (12 August 2012) for the formation of an investigative committee will visit the central bank and look at the records and the numbers, sales and people who earn hard currency, noting that the work of the investigative different from the Commission’s work regulatory Council approved its formation, which includes the heads of Committees financial, economic and BSA.

was CBI expressed in (7 October 2012), his willingness to cooperate with regulators to diagnose shortcomings Ptaamlath in Foreign Exchange Market, as he defended his work in the exchange market and fight for price inflation, it was considered that all concepts on which the currency auction based on the provisions of the Constitution.

was the Iraqi Central Bank announced, in (11 August 2012), the high reserves of hard currency to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves are One monetary policy to reduce inflation in Iraq.

central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, excluding public holidays on which depends the Bank for these auctions, and be sales either in cash, or in the form of remittances sold abroad for a commission of certain .

mention that the pace of accusations escalated on smuggling currency that overshadowed selling prices dollar in local markets and led to increased exchange rate months ago, while deputies asked the need to take the initiative on the government to stop selling the currency in auctions the central bank, others stressed that Iraq large loses money due to smuggled daily out of the border, despite the praise of many specialists in economic affairs on the positives of the auction to reduce inflation and to control the value of the Iraqi dinar.