21 October 2012
Much talk recently about Dr. Shabibi Iraqi Central Bank Governor, and the actions taken against him, Sometimes people say that there is an arrest warrant issued against him, has said that recently a spokesman for the Supreme Judicial Council and another says there is prevented from traveling, and to other SHORT conflicting and that we think that the goal is to intimidate the Dr. Shabibi so to dream of traveling in Japan, where a CBI IMF meeting there.
that what happened on the subject of the Iraqi Central Bank in recent days is a matter of not overseeing Iraq under any circumstances , and does not pay his reputation by media global capital, but this makes it a state of confusion and uncertainty, and challenge the ability to commit Ptaakedath and before that the Constitution and the law.
said Dr. Shabibi Avdhala many financial realities in Iraq, in his built CBI reserves Iraq over (76) billion U.S. dollars, after it was Iraq does not have any reserves, but that the central bank was owed to foreign banks and backward on the repayment of this debt, were also able to Dr. Shabibi that keeps the U.S. dollar exchange rate in the range of 3% of the difference, while the deterioration of the currency in the country surrounding Iraq, such as Iran, Turkey and Syria, more than 80%.
who has procedures quiet unannounced to distribute reserves the Iraqi central bank in the world after it was full at the Federal Reserve Bank of the U.S. in New York, where the deployment of Dr. Sinan Reserve Iraqi and retained by a group of central banks, including: Bank of France and Bank of England and the Bank of the Netherlands and the Arab Monetary Fund and the Bank for International Settlements in Switzerland, and this achievement is important in light of U.S. influence, which was and still is Iraq are subjected to.
has poured certificates and awards to Dr. Shabibi excellence and good management of global institutions and many were selected from among elites to Itbu centers discretionary outweigh them on his fellow officials in central banks within the Arab region and the States and abroad.
said oscillations that got the dollar exchange rate in the Iraqi market during the months of April and May, June, July and August last is not a making Shabibi, because the Iraqi government and the Central Bank sign in each year of the Convention on (SBA) with the IMF international impose this agreement to the Iraqi Central Bank that provides full what market demands at the end of the auction on the dollar and every day the price you anchor it.
undertake government Iraqi under that support the central bank to provide the dollar and the commitment of the Iraqi government through a commitment to fiscal policy and free trade, because the Iraqi dinar became hard currency because of the availability full cover dollar and increases every Iraqi dinars issued central bank is trading the market.
has relied recent actions against Dr. Shabibi and some staff the central bank to report from Dr Abdul Basit Turki Saeed Hadithi Chairman BSA, which was adopted on the thought socialist Bali and considered that determine dollar selling is a must have originally either sell the dollar is the exception in his opinion, have been repeated in this report Words FAQ and attachments and phrases documents to be attached with the transactions auction.
punished this report CBI’s failure to banks that bought the dollar Bmkhalvadtha of documents submitted by when it wants to buy the dollar from him, and if the central bank sheriff or man Customs, while the basis of the work of the free market in the currency is to sell the central bank dollar at the market price, especially as the central bank is almost the only source to sell.
said Undoubtedly that part of the dollars Almstrat from the central bank where suspicion of money laundering, and this is a crime according to Iraqi law, and the central bank is not the investigative or a lawsuit in order to achieve the subject of money laundering, and then take actions against those who carried out this work violator.
BSA report No. 4/3/1/20094 on 09/25/2012 stating samples of companies including: – Company Hura Valley General Trading In the fourth page from paragraph (a): –
A – amounted amounts of sugar and fat provided by the company (Hura Valley General Trading) (72,803) tons of sugar and (20000) tons fat food and total amount of $ (87,885) thousand dollars (seven and eighty million eight hundred and eighty-five thousand dollars) which is the amount that has been siphoned off through auction and through the United Bank for Investment while quantities installed in database General Authority for Customs reached (13,049) tons of sugar and (1737.6 tons) fat and total amount of $ (9192) thousand dollars (nine million, one hundred and ninety-two thousand dollars).
came at the same page that the company sands Euphrates provided lists to the North Bank purchases rebar reached (11) million dollars of paragraph (b): –
b – presented Remal Euphrates lists Bmstraeadtha iron armament to North Bank quantity (16793.58) tons and $ (11,201) thousand dollars (eleven million, two hundred and one thousand dollars) to convert amounts by auction while the database General Authority for Customs showed insert (16 034) tonnes rebar amount (6738 ) thousand dollars (six million, seven hundred and thirty eight thousand dollars).
then stated in paragraph (d) of the page (5) of the report: –
d – by comparing the list of purchase provided by the merchant (Hassan Ali Obeid) through a bank economy to Auction noticed that the amount of existing (4200) thousand dollars (four million and two hundred thousand dollars) while all Amoad entering his name through a database General Authority for Customs amounted to (138) thousand dollars (one hundred and thirty eight thousand dollars).
then in Article (4 ) of the fifth page itself: –
amounted imports actual limits (22,556) thousand dollars (twenty two million five hundred and fifty-six thousand dollars).
thus clear in the sample examined by the BSA that the total has been used to import materials to Iraq amounted to 1.5% of the total dollars that have been purchased, where then went the rest of the dollars?
Does the government and judicial accountability of those who provided this data to buy the dollar, where they came from to buy the dinar dollars? And how they acted in dollars they bought … We did not hear movements such.
, the report focused on the so-called irregularities central bank has asked the government to investigate this matter and to refer the person who violates the judiciary.
How surprised the government appointed Dr. Abdul Basit Turki Saeed Hadithi governor of the Iraqi Central Bank by proxy while retaining the post of President of Supreme Audit financial, and here we wonder, but this is a conflict of goals and interests, how can combine Observer (which was signed by observation), which watched any of the bank management and the Presidency BSA, this reminds us of a deficit House Mutanabi famous:
you quarrel and you judge and jury
that Dr. Shabibi deserves appreciation, respect and gratitude for what he did, but ايجازى threats and defamation, arrest and prevented from traveling, it is in person the world and professional, the son of Sheikh Mohammad Reza Shabibi symbol great symbols of Iraq national, who is the brother martyr Asad Shabibi executed by dictator Saddam in 1980, which is one of most who have worked in opposition against the dictatorship …
this how punishing him like Shabibi in the new Iraq.