Shabibi: return to Baghdad to highlight the documents that confirm my innocence

Shabibi: return to Baghdad to highlight the documents that confirm my innocence of interest to them

Writings – 10/23/2012 – 3:30 pm | Hits: 319

Central bank governor said withdrawn his hand from his post and issued an arrest warrant from the Iraqi judiciary Shabibi he has documents to prove his innocence of the charges, stressing near his return to Baghdad .. The experts felt in replacing Shabibi step the government aims to strengthen the influence of the government in this monetary institution that resists months ago, attempts to drag it around the orbit of this power.

Shabibi said from his residence in Sweden “I will go to Baghdad in the next few days and Sibrr charges against me,” stressing the “possession of documents proving his innocence all Maichea him.”

While Shabibi called to “keep the central bank from political pressure,” he stressed in a statement to the Center Brief for the Iraqi Media Network that “to never Ivker not undergo integrity and address the court in understanding the policy of the Central Bank.”

The government has confirmed it did not dismiss Bank Governor Sinan al-Shabibi, but the disqualification until the end of a judicial investigation. The government says that article 340 of the Penal Code for state employees in 1991 allows withdrawn by the employee in the case went against him charges until that separates the judiciary right.

The Cabinet had voted earlier on the prime BSA Abdul Basit Turki Central Bank management proxy instead of the former governor Sinan al-Shabibi.

The parliamentary committee has announced the seventh of this month for most recommendations, which centered on two main points the first relating to a information on the mechanism used for the bank in the protection of Iraqi funds, and the second relating to tighten controls on private banks’ dealings with customers. It confirmed that the central bank has an information base for only 5% of what spend money which caused the widening of the gap between the Iraqi dinar and the dollar. ”

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.

Maliki seeks to put the central bank under the domination

Was seen by experts as a replacement of the central bank governor in Iraq, a government move aimed to strengthen the influence of the executive branch in this monetary institution that resists months ago, attempts to drag it around the orbit of this power.

In return, the Government asserts that Parliament alone was responsible for this issue, and that the resolution to the disqualification of Governor of the Central Bank based on data not included in the judicial part of its attempt to dominate this institution.

The government announced last week to replace Central Bank Governor Sinan al-Shabibi President of the Board of Supreme Audit Abdel Basset Turki, who will manage the bank temporarily.

The decision came after it issued against Shabibi, an economist who was born in 1942 and who runs the central bank since 2003, an arrest warrant a lawsuit against the background of the results of an investigation into the causes of decline in the value of the currency a few months ago.

Goss says Hiltermann, deputy program director for the Middle East and North Africa at the International Crisis Group, told AFP that the government “may be cited as the move (against Shabibi) are part of its efforts to eradicate corruption” was rampant in the country.

He adds, “It seems like an attempt to control this independent institution, and even though there were certain allegations (…) factors are correct, it is difficult to be sure of that because of impurities in the Iraqi judiciary.”

It is noted that the dollar exchange rate witnessed in April the highest level in front of the dinar since nearly four years in the local markets, a 1320 dinars per dollar, after it was steady at 1230 dinars to the dollar.

The Cabinet then rushed to the announcement of the formation of a committee to study the fluctuation of the exchange rate of the Iraqi dinar.

Shabibi said at the time that “the political situation is relatively stable in Iraq and the surrounding area has created a great demand for the dollar, which led to higher currency exchange rate.”

According to head of the Department of Economics at the University of Mustansiriya Abdul Rahman al-Mashhadani said that “the charges against Shabibi incorrect because Mr. Shabibi known economist and a good reputation.”

He continues, “corruption may exist in the Central Bank, but not at the top level leaders, but on a lower level.”

Mashhadani indicates that “the government is trying since 2008 put her hand on the central bank, and one of the reasons behind it that the Bank’s monetary policy has become incompatible with the financial policy of the government.”

The Federal Supreme Court issued on 18 January / January 2011 decision linking the Central Bank of the Council of Ministers, citing “the predominance of the executive of the Bank and its activities.”

Shabibi has warned after the issuance of this decision the risk of application because it will lose Iraq has the responsibility to protect its funds abroad, he says.

In return for the charges against the government of trying to get a hand on the central bank, said Ali al-Moussawi, a media adviser to the prime minister that “the institution that issued a report on the Central Bank is the legislative institution, any parliament,” referring to the current investigation initiated by the Parliamentary Integrity Committee.

Explains Moussawi told AFP that Parliament “is the one who referred the case to the Commission on Public Integrity,” the official dealing with the fight against corruption in government departments, he said, adding that “the government did not pass the report (Parliamentary) even.”

Moussawi believes that “regardless of the government’s position, the person who came and handed the task known for his integrity, and heads the supervisory institution, it is the oldest and supervisory institution with an international reputation,” which was confirmed by al-Mashhadani.

These developments come at a time when Iraq is still live on the impact of the consequences of a political crisis erupted in Iraq on the eve of the U.S. military withdrawal end of last year, and focused on accusing Prime Minister Nuri al-Maliki to control the reins of power and the marginalization of the other ingredients.

The Herlterman believe that replacing Shabibi “is not a good step.”

And explain this by saying that this issue, which may create a new crisis, comes “at a time when the country prepares for elections task”, is the provincial elections in 2013 and parliamentary elections in the following year.