Finance Committee: action against the bank maintained the two-thirds of the hard currency

Finance Committee: action against the bank maintained the two-thirds of the hard currency

11/05/2012

BAGHDAD / JD / .. Finance Committee confirmed that the recent actions, which affected the central bank maintained the two-thirds of hard currency in Iraq.
committee member said deputy state law Haitham al-Jubouri’s / JD /: The “Miba size now in the Central Bank of hard currency ranges between the (90 – 130) million after recent actions, and in the past, what is sold up to 350 million dollars. ”
and between Jubouri, if the sale has maintained a more than two-thirds of hard currency within the bank.
added, that the Iraqi dinar has appreciated against dollar, when it was sold to (350) million reached the exchange rate of the dollar then to (1300) and now price of (1119), regarding it as accomplishment great.
and noted a member of the Finance Committee parliamentary deputy state law that committees of financial and economic conduct intensive talks with Central Bank Governor agency Abdel Basset Turki, was notified to take the necessary measures, and there should be clear instructions to limit the operations smuggling hard currency.
revealed Parliamentary Finance Committee on the sale of central bank bills worth 50 billion dollars last year, 10 of which fact and $ 40 billion a fake.
A member of the Committee deputy state law Haitham al-Jubouri’s / JD /: The Commission’s investigation in charge of the work of the Central Bank has taken samples from a group bills includes 201 bill to buy one, and found that only two of them real, explaining: that two bills out of the 201 introduced materials to Iraq .
gave Jubouri example: What has been selling foreign currency at the central bank last year almost $ 50 billion, and if the comparison, we find that only 20% made materials, which means that $ 40 billion went out without intervention materials to Iraq.
explained Jubouri: If divided the 40 billion dollars over the year shows that in one week out of Iraq $ 800 million as the newspaper said the U.S. Wall Street Journal.
pointed Jubouri that most of these bills and fake, has addressed Attaches commercial and sent official letters to the Central Bank of Iraq informing him that this invoices and fictitious and have no real presence which bills are sold in overseas offices usually Emirate of Dubai at Jebel Ali.
A member of the Finance Committee deputy state law, yesterday, Sunday, that the bank does not call ببوليصة shipping and delivery tax therefore is reassuring that this bill even and was a fake will receive the corresponding foreign currency, it is possible to escape out of the country or sold on the black market or used Kgusal funds.
was Inspector American public about Iraq, Stuart Bowen has revealed in his quarterly recent address to the U.S. Congress unveiled smuggling nearly from U.S. $ 800 million a week out of Iraq illegally.
considered Bowen – as quoted by the newspaper “Wall Street Journal” American on its website – that corruption is still one of the main obstacles that prevent the reconstruction of Iraq and lay the foundations of democracy by.
and proved Bowen the truth of what he says eating statements Interim Chairman of the Central Bank of Iraq Abdul Basit Turki last month that: “There are approximately one billion U.S. dollars left Iraq a week, but 80% of it is through false documents to hide the goals of truth for conversion.”
It is noteworthy that the judiciary has issued an arrest warrant Shabibi Iraqi Central Bank Governor on the background of suspicions of money.
According to the report submitted by the committee overseeing the central bank, which included both of the heads of the two financial, economic and BSA under the supervision of First Deputy Speaker of Parliament Qusay al-Suhail: that investigations proved the existence of sale of foreign currency to banks and corporations itself and which has smuggled to neighboring countries.
cabinet decided then the prime BSA Abdul Basit Turki management position central bank governor and agency, with the issuance of the Judicial Council arrest warrant against former central bank governor and a number of officials in corruption cases.
was a member of the Finance Committee MP Magda Tamimi had described the report issued by the Presidency of the Parliament on the central bank Palmtsra and unprofessional .. / end / 11 N /

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