Action against the Central Bank suspended the project to delete the zeros

Finance Committee: action against the Central Bank suspended the project to delete the zeros

10/31/2012

BAGHDAD / JD / .. Parliamentary Finance Committee ruled implementation of Hvz process three zeros from the Iraqi currency next year after the recent actions that took place in the central bank.
said committee member bloc MP citizen Faleh Surrey / JD /: “The recent actions, which affected the bank Central stopped the project to delete zeros from the currency, which was scheduled to be discussed early next year. ”
said Sari, that the Finance Committee had decided earlier to have the currency exchange in June next year, the World Bank emphasized the replacement, put the beginning of the year, and accusations of corruption, which affected Bank officials postponed the matter to the notice.
was the Iraqi Central Bank, predicted delayed launch of the new currency early next year due to the existence developments and talks with the government.
noteworthy that Prime Minister Nuri al-Maliki demanded earlier with the bank to wait currency switch currency and put it on the first of January for the year 2013.
said Central Bank Governor Sinan al-Shabibi in an earlier statement / JD /: “The launch currency early next year is uncertain because of the talks and recent discussions with the government.”
and added Shabibi “will be in the process significant cooperation with the government.”
He’s central bank governor that continuing the process of switching the currency, and previous appointments to put lingering but may delay developments.
The bank had said earlier / JD /: “The launch of the new currency will be 01.01.2013 Despite the demands of the government to slow down the process put forward.”
and the face of the bank An official letter to the Council of Ministers explaining the pros switch currency on the market and the money supply and increased exchange rate and other issues.
mentions that the judiciary has issued an arrest warrant for Shabibi Iraqi Central Bank Governor on the background of suspicions of money.
According to the report submitted by the committee overseeing the central bank, which included both heads of the two financial, economic and BSA under the supervision of First Deputy Speaker of Parliament Qusay al-Suhail: that investigations proved the existence of sale of foreign currency to banks and corporations themselves and that has smuggled to neighboring countries.
mentioned that the Council of Ministers decided to assign Prime BSA Abdul Basit Turki management position of Governor of the Central Bank and the agency, with the issuance of the Judicial Council arrest warrant against former central bank governor and a number of officials in corruption cases .. / end / 11 N /

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