Chalabi: The Central Bank has sold since 2006 more than $ 312 billion, equivalent to 57% of oil imports
Chalabi: The Central Bank has sold since 2006 more than $ 312 billion, equivalent to 57% of oil imports
04/14/2015 3:13 p.m.
[Baghdad-where]
Chairman of the Finance Committee in the House of Representatives, Ahmed Chalabi said that “the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion and 749 million and 957 thousand and $ 142. ”
He added in an exhibition his statement before the Federal Supreme Court, according to a statement to eliminate the agency received all of Iraq [where] a copy of it to consider a lawsuit to challenge the unconstitutionality of articles 46 and 50 of the federal budget for the year 2015 and constitutes a third party in the lawsuit, said that “the central bank has in years in 2009 only to sell 92%, which entered the country from oil imports. ”
He added that “if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad totaled $ 115 billion only, we find that the total foreign currency sold to the private sector and, most of which is destined to imports by the private sector amounted to three times the government’s import, “adding that” this thing is not true import of the government includes fuel imports and the Ministries of Defense and Interior and others. ”
Chalabi said that “the sale of these enormous quantities causing wastage of hard currency that we have acquired from imports The oil caused significant damage to the state, part of this damage what ails far from the scarcity of liquidity. ”
With The Chairman of the Finance Committee in the House of Representatives to “the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country “He explained that” the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged using other tools to protect the national currency. ”
He went on Chalabi that “the House of Representatives found this article protect national hard currency and prevent the bank from exercising his powers to protect currency. ”
He said that “as reported by agent Prosecutor [central bank] about that Article 50 of the Budget Law legislation carries financial burdens is to push is incorrect”, noting that “the rise in the dollar price does not carry the state financial burdens on the contrary it is mitigated, when you pay its obligations in Iraqi dinars. ”
He explained that “the price is determined by the central bank is an option it is not based on a particular rule,” pointing out that “the Central Bank to sell the currency through the auction has risen seven-fold from 2006 until 2013 and 2014.”
As the court decided Supreme Federal defer consideration of the case to appeal against the unconstitutionality of articles 46 and 50 of the budget until the fourth of next month.
The concerning articles mentioned the Central Bank of Iraq, including the identification budget bill amounts auction today for $ 75 million.
The official spokesman for the federal judiciary Judge Abdul Sattar Bayrakdar “The Federal Supreme Court has decided to postpone consideration of a central bank to challenge the unconstitutionality of articles 46 and 50 of the general budget of the Federal Law of 2015 to the fourth of next month,” pointing out that “the delay was for the purpose of completing the procedures, has decided to introduce the prime minister [Haider Abadi ] In addition to his job a third person in the case. ”
Article 46 of the budget bill – which passed the House of Representatives on 29 January last value of 119 trillion dinars, Mali, and a deficit estimated at 25 trillion Danar- “exception to the establishment of Islamic banks from the Central Bank of Iraq instructions for increase banks’ capital to encourage handle banking services Islamist does not apply retroactively. ”
As Article 50 of the Budget Law stipulates that “the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the process of sales, participating in the auction the bank and demanded to provide goods enter documents and statements of tax settling accounts and input Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to keep the power of the dinar against the dollar. end
alliraqnews.com
