Alsjeri central bank warns of control “mafia” on monetary policy

A member of the Finance Committee warned Ali Alsjeri, Wednesday, the central bank from the control of “mafia” on monetary policy in Iraq, called the Integrity Commission to disclose the reasons for the adoption of three banks is part of capital country Amolha and Kuwaiti currency in an auction sale.

Said Alsjeri in a statement issued today, and received “Alsumaria News” copy, “There clamor large on the adoption of three banks part of the capital country and Kuwaiti auction sell the currency, he is punished for Iraqi businessmen,” warning the central bank “mafia control the monetary policy of the country a new tactic. “

The student Alsjeri Integrity Commission to “disclose facts so as not to do harm to one,” asserting that “infinite currency outlets in three banks by the Ministry of Finance and the Central Bank is a matter of doubt and may not be for them that Antahja this approach.”

And confirmed Alsjeri, which the Secretary-General to stream people, “the Finance Committee in the House of Representatives has received complaints about the matter and threatened the owners filed a lawsuit against the Ministry of Finance and the Central Bank, as it did not explain the reasons for جوئهما for this procedure.”

Referred to the Supreme Judicial Council confirmed, in (19 last October), the issuance of an arrest warrant for the central bank governor and a number of officials in corruption cases.

And Prime Minister Nuri al-Maliki, in (5 November 2012), that large warheads will fall in the issue of the Central Bank, pointing out that he is not acting Iraqi funds, but had no information on the size or the location of the deposit.

The central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.

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.