Investigations currency auction sale

Coverage of banks and personalities investigations currency auction sale

11/03/2012 12:00 am

BAGHDAD – morning
revealed the parliamentary investigative committee transactions CBI, the inclusion of some banks and personalities that unnamed, investigations auction sale currency forwarded its files to the Integrity Commission.
MP said in the Parliamentary Committee Haitham al-Jubouri (Brief Center for the Iraqi Media Network) on Friday, said that “investigations currency auction sale in the Central Bank of Iraq, conducted by the Integrity Commission, included several banks and certain figures.”
Committee announced on the seventh of last month main recommendations, which focused on two main points; first relates to the information base for the mechanism of the bank in the protection of Iraqi funds, and the second relating to tighten controls on private banks’ dealings with customers.
Committee confirmed that the central bank has a rule Information (5) percent only, spend money, which caused the widening of the gap between the Iraqi dinar and the dollar.
cabinet voted last month, the prime BSA Abdul Basit Turki, management Acting central bank, instead of the former governor Sinan al-Shabibi, who issued eliminate an arrest warrant.
Jubouri added that “the Integrity Commission are still ongoing investigations on the auction sale with some of the currency”, pointing out that “actions against those entities has not yet made, of the Integrity Commission.”