Sari: the issue of the sale of foreign currency auction is sufficient to condemn the Central Bank

Faleh sarees, Monday, that the issue of foreign currency auction sale is enough to condemn the Central Bank of Iraq, stressing that the process of targeting the bank were not the first, but there were previous targets, especially after refusing to lend to the government five billion dollars.

The force said in an interview for “Alsumaria News”, “points the cursor from the BSA or the investigative on the work of the central bank is indicative of the issue of the auction,” noting that “that was visa that most amounts sold at auction have not been matched bills through outlets border, and this alone is not sufficient to convict the governor or deputy governor. “

The force added that “targeting the bank is not new, but there were previous targets when demand from the bank that lends government five billion dollars,” he said, adding that “when he rejected this principle there are multiple forms began to remove the governor.”

The Finance Committee in the Iraqi Council of Representatives demanded on Monday (15 October 2012), Central Bank Governor indictees providing evidence, while some expressed the fear that the accusations were “politically targeted” for the bank.

He was a member of the Committee investigative on the work of the Central Bank of Haitham al-Jubouri said, on Sunday, (14 October now) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival of the conservative abroad will prove corruption charges.

The number of media quoted, on Sunday (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, stressing that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad on Monday, (October 15, current).

And accused the Iraqi List led by Iyad Allawi, on Sunday (14 October 2012), some political forces “trying Nile” the independence of the Central Bank of Iraq, arguing that the independence of the Bank are necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for the investigation in money-laundering operations and disclosure of beneficiaries.

The head of the House of Representatives Osama Najafi revealed, in (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” the importance of the issue.

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

It is noteworthy 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 is losing substantial funds by 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.