Shabibi: I will return to Iraq to defend the central bank and to maintain economic stability

Shabibi: I will return to Iraq to defend the central bank and to maintain economic stability

12/12/2012

Palm – The Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant, Tuesday, he will return to Iraq to defend the central bank to maintain economic stability, pointing out that he did not issue any new on his case.

Shabibi said in an interview with media said he would return to Iraq certainly, for the defense of the bank and its policies, and defend economic stability and price of the market, stressing that the arrest warrant issued against him is inside Baghdad airport and Shabibi noted that “expected to be solved things before my return.”

Prime Minister Nuri al-Maliki said, (November 5, 2012), The warheads big fall issue of the central bank, while stressing that the presence of Shabibi in the bank is wrong to expiration appointed governor, pointed out that he is not acting funds Iraqi, but had no information on size or the location of the deposit.

He also accused al-Maliki, in (the first of December this month), members of the Parliamentary Integrity Committee of being behind the corruption, stressing that “the highest votes in the Committee” pay five million dollars to disrupt the work of the Commission of Inquiry into suspicions of corruption swirling around the Central Bank of Iraq, while another member pay $ 10 million for the same purpose.

It is noteworthy that the Supreme Judicial Council confirmed, in (19 last October), the issuance of an arrest warrant against the central bank governor and a number of officials in corruption cases, after the media quoted a local, in (14 October 2012), sources control the judiciary issued an arrest warrant for al-Shabibi corruption charges, pointing out that he escaped out of the country after the issuance of the memorandum, the bank denied the news, saying that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad.

It is noteworthy that the Iraqi Central Bank was established under the law issued on the sixth of March of the year 2004, as an independent body and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as regulate the banking sector to promote system competitive and financial independent.

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