Parliament form a new committee to investigate the implications of the central bank

Announced the House of Representatives, Tuesday, announced the formation of a new committee to investigate the implications of the central bank, indicating that it will host the Director General of Taxation and Customs and Economic Newspaper officials and the central bank to discuss the issue.

The decision of Parliament Mohammed al-Khalidi in an interview, “” The House of Representatives decided, during its 30, which was held today, forming a parliamentary committee a new investigation into the implications of the Central Bank of Iraq, “noting that it “is composed of the President of the Finance Committee Haider Abadi and economic committee chairman Ahmed al-Alwani The Governor of the Central Bank and Abdul Basit Turki Agency, which is under the direct supervision of the Presidency of the parliament. “

Khalidi said that “the Commission will host the Director General of Taxation and Customs and Economic Newspaper officials and the central bank,” adding “it will consider previous auctions, especially after the fluctuation of the dollar in the previous period.”

Khalidi said that “the Committee which was formed earlier in the BSA to audit all transactions prior to the auctions the central bank will raise its report to this new committee.”

The Iraqi Council of Representatives held, in Tuesday (November 6, 2012), its the 30 of the first legislative term of the year legislative third headed the First Deputy Speaker of Parliament Qusay al-Suhail and the presence of 217 deputies, with parliamentary source that the meeting will first and second readings of the six bills as well discuss policy of the Central Bank of Iraq.

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

Regarded as the Governor of the Bank issued an arrest warrant Shabibi, Tuesday, accusing al-Maliki “inaccurate”, and invited him to detect those files, and that the bank is appointed official and issued since 2003.

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 was involved in an annual conference in Tokyo and will return to Baghdad.

The Iraqi Cabinet decided, in (16 October 2012), the prime BSA Abdul Basit Turki functions of the central bank governor and agency.

The previously Disclosed House Speaker Osama Najafi , in (7 October 2012), a few days ago to exempt bank governor Sinan al-Shabibi from office, for a suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve “depth” in the policy of the Central Bank since 2003, Vowed to pursue the investigation “personally” to the importance of the issue.

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.