Failure to communicate the central bank auction will affect the reputation of Iraq’s economic
Economic parliamentary: failure to communicate the central bank auction will affect the reputation of Iraq’s economic regionally and globally
Thursday, November 25 1 / Okrudolf 2012 13:23
Counting decision of the Economic Committee in the House of Representatives failure to communicate the central bank auction that will affect the reputation of Iraq’s economic, adding that “no declaration of auction raises concerns because the customer at the bank must have known and have supporting documents.”
The MP Mahma Khalil told all of Iraq [where] today that “the Central Bank mission is to preserve the value of the Iraqi dinar and currency reserves,” noting that “a declaration of the auction is part of the central bank policy and we believe that it was illegal not made public and there must be an auction public. ”
He Kurdistan Alliance MP said that “there is a committee leading auction through one window and this means the window that the customer is a trader with the central bank known name and body; so we afraid of withholding information central bank auction, especially since it must be personal buyer and customer known and must have the gripping identity as well as the presence of appropriate standards to deal with him. ”
He ruled Khalil blocking central bank sales during the past two days due to a change former central bank governor Sinan al-Shabibi, noting that “personal Abdel Basset Turki [who now runs the Central Bank acting] known in the BSA in terms of competence and experience in the financial field, and was also the former director Shabibi Bank of internationally known figures as to pressure the government on this issue is unacceptable. ”
He added that “government interference in the work of the bank is a clear interference in the work of the Iraqi Council of Representatives as the central bank continued to Parliament, especially as the Constitution provided for the separation of powers”, adding that “no declaration of the auction will affect the reputation of Iraq’s economic regionally and globally.”
The Iraqi Central Bank may withhold the announcement of the auction during the last two days without knowing the reasons, where the auction is held five meetings in the bank week from Sunday to Thursday of each week.
The Cabinet decided earlier assigned Chairman of the Board of Supreme Audit Abdul Basit Turki Department of the Central Bank of Iraq to succeed former Governor Sinan al-Shabibi.
The arrest warrant issued in suspended earlier, right Central Bank Governor Sinan al-Shabibi and a number of officials in the bank charges relating to corruption and financial manager, where there was international intervention and a local by the United Nations Mission in Iraq and the U.S. embassy in Baghdad, in addition to the intervention of the Presidency and some leaders of the blocks political, and demands for President of the Supreme Judicial Council Medhat al-Mahmoud intervene, and who was not aware of the arrest. ” ended 2