Parliament warns of trying to prejudice the independence of the Central Bank

Parliament warns of trying to prejudice the independence of the Central Bank

On: Friday 8/10/2012 7:04

 Baghdad / range
called the Parliamentary Temporary Committee to follow up the decisions and recommendations of the independent bodies who accuse the Central Bank of the smuggling of Iraqi funds to support terrorist operations and to submit their documents in this regard does not permit in the media, warning about it at the same time of trying to prejudice the independence of the Central Bank

And see this as a violation of articles 106 and following of the Constitution, according to a statement issued on Thursday. The statement said that “the committee warns of trying to prejudice the independence of the central bank, and see this as a violation of articles 106 and following of the Constitution, which will be devastating consequences,” adding that “targeting will lead to damage to the Iraqi economy and the purchasing power of money and even international reputation.”
The committee called the “Council House of Representatives to defend the independence of the central bank and not be allowed to waive it, and there was a necessity to investigate and accounting should be paid by the House of Representatives by himself In the framework of his constitutional powers through the formation of an investigative committee.
and followed the Committee’s statement that “some people trying to exploit the opportunity to reform, to create a new crisis, the purpose of jeopardizing the independence of independent bodies in general and the Central Bank in particular through being accused of smuggling money and money laundering to support terrorist operations, “noting boiled” This accusation is very serious and that it is true or there is evidence of his health should not be reported in the media, but requires news agencies investigative competent to carry out the investigation secret and the highest degree of attention does not hold press conferences. ”
The Commission added that “the central bank an independent and subject only to the control of the House of Representatives that the Council charged Brkabth and the defense of its independence as well.”
The members of the influential in the State of Law Coalition led by Prime Minister Nuri al- Maliki has accused earlier in the Central Bank of smuggling money out of Iraq to support terrorist operations threatening the President of the Bank Shabibi to dismiss. For his part, called the Central Bank yesterday, Thursday, the Iraqi government to return to the central system in the absence of its potential to accommodate a market economy, noting that able to finance the trade of the Iraqi private sector over the past years.
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, that “there is no political or economic Iraqis can know the philosophy of the Iraqi economy in terms of the system that is adopted, decentralized or a free , “and urged the government to” return to the central system in the absence of absorption of the philosophy of a free economy. ”
Saleh added that “the state must choose between returning to the central system for foreign trade financing to the private sector, through the federal budget by government banks with Hiemn economic freedom or Faith Ballbralah Economic brought by the Bank Act after 2003 and the law of banks and companies and the freedom of foreign exchange. “and noted that the benefit of” the Bank was able to trade finance for the private sector by the Iraqi auction conducted by the bank every day successfully, “and wondered about the” ability budgets of Iraq, which increased until 2012 the 470 billion dollars for a Oahtnumeih economic. ”
and was a member of the Finance Committee in the House of Representatives Haitham Jubouri accused political figures influential in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2003.
of on the other announced by the Finance Committee representative on the mass of Lahrarmagdh Tamimi, “said its committee will host a number of Ministers to reduce the phenomenon of money laundering.” she said in a press statement, “The Finance Committee plans to host the Minister of Finance, Planning and Trade and Health and the Governor of the Central Bank to control the entry of goods randomized to Iraq. ”
added Al-Tamimi that its hosted General Manager of the Anti-Money Laundering in the Central Bank and general manager of currency auction Hazem al-Ani, saying, “The Finance Committee discussed several topics basic and most important subject of the mafia in control of the currency auction, which earns each of them about 5 million dollars a day also discussed the measures taken to curb money laundering. ”
and pointed out that “the share of banks daily currency auction and the mechanism used in determining these shares are very weak.” She said Tamimi’s request to host the Minister concerned is to discuss the coordination mechanism to control the entry of goods to Iraq, as it turns out that there are flaws too large in import random a significant impact on the Iraqi state. ”
For his part, said the legal expert Tareq Harb comment on the charges for crimes of money laundering and the sale of the dollar, that the system of Iraqi law, decided the provisions of many believes in combating this crimes and Mhaddtha (reduction) by giving the central bank wide powers and the powers of vast oversight, supervision and follow-up and punishment.
He said the war in clarifying the received long as he committed all financial institutions including banks implementation as determined by the central bank and what is the decision of the legal rules and stay with her news events for any activity Mali suspicious for money laundering or the financing of crime, or to use the money for the benefit of criminal organizations and transactions contrived and fictitious for the purpose of avoiding legal requirements and noted that the law has decided to severe punishments for these financial institutions as a penalty to withdraw permission (cancellation of leave) for financial institutions and the imposition of criminal penalties and financial sanctions, and this is clear from the three legislation related to this subject is Law No. 56 of 2004 Central Bank Law, Law No. 93 of 2004 Law on Combating Money Laundering and Law No. 94 of 2004 Banking Act.
He said that this legislation has established a special office to combat money laundering at the Central Bank to report on cases of money laundering and awarded immunity for both the reporting and other provisions but legal texts about and practice the real thing else.
He said the war to be talking lot about money laundering in the media without disclosing some cases large, adding that the money laundering means that a law dealing with proceeds of financial Msthsalh of activity legal, or deal with the proceeds of financial arising from legal activity for the purposes of illegal addition to the cases mentioned.
and was a member of the Finance Committee in the House of Representatives Haitham Jubouri accused political figures influential in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about $ 220 billion fled outside of Iraq since 2003.
Source: almadapaper