Shabibi: dispute with the government to reject the attempt to dispose of central bank reserves

Shabibi attribute the dispute with the government to reject the attempt to dispose of central bank reserves

11/06/2012 – 6:27 pm

Alsumaria News / Baghdad
confirmed Iraqi Central Bank Governor Sinan al-Shabibi issued an arrest warrant Tuesday that bank declined to government’s attempt to dispose of its reserves is the reason for the dispute with us, pointing out that the policy of the Central Bank inconsistent with the policy of the government in the fight against inflation. said Central Bank Governor Iraqi Shabibi said in an interview for “Alsumaria News”, “The government expressed a desire to get some funds for reserves in the Central Bank, which is a cover of the currency and by five billion dollars for the budget that the federal, and two billion dollars to the Ministry of Electricity,” adding that “no government may act reserve bank, according Article 26 of the Central Bank Act. ” and added Shabibi that “the bank’s policy is to eliminate inflation which is contrary to the goal of the Iraqi government, which seeks to accomplish its budget and its implementation, which leads to higher inflation due at the time of the Bank aims to fight” , asserting that “the central bank to coordinate with all parties concerned and even with the Council of Ministers regarding our financial.” He Shabibi on “success monetary policy operations Auction central bank, which conducted a day,” noting that “follow the new administration to the same procedures and policies previously in the auction daily evidence of that, and low demand for foreign currency موخرا to $ 190 million and less due to the uncertainty of asylum currency, which in turn affects the size of the currency. ” Prime Minister Nuri al-Maliki said, on Monday (November 5, 2012), The warheads big fall issue of the central bank, while stressing that the presence of Shabibi in the bank is wrong to expiration appointed governor, pointed out that he is not acting funds Iraqi, but had no information on the size or the location of the deposit. referred to 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 oversight that the judiciary has issued an arrest warrant for al-Shabibi corruption charges, pointing out that fled abroad after the issuance of the note, with the bank denied the news, saying that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad. and Iraq’s cabinet decided, in (16 October 2012), the prime BSA Abdul Basit Turki tasks Bank Governor Central agency. has already revealed 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. 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 to regulate the banking sector to promote a competitive financial system and independently.