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Friday, August 10, 2012

Parliament warns of trying to prejudice the independence of the Central Bank, 10 AUGUST


Parliament warns of trying to prejudice the independence of the Central Bank

On: Friday 8/10/2012 7:04
Temporary Parliamentary Committee called to follow up the decisions and recommendations of the independent bodies who accuse the Central Bank of the smuggling of Iraqi funds to support terrorist operations and to submit their documents in this regard does not permit in the media, warning about it at the same time of trying to prejudice the independence of the Central Bank
And see this as a violation of articles 106 and following of the Constitution, according to a statement issued on Thursday. The statement said that “the committee warns of trying to prejudice the independence of the central bank, and see this as a violation of articles 106 and following of the Constitution, which will be devastating consequences,” adding that “targeting will lead to damage to the Iraqi economy and the purchasing power of money and even international reputation.”
The committee called “the House of Representatives to defend the independence of the central bank and not be allowed to waive it, and there was a necessity to investigate and accounting should be paid by the House of Representatives and in the framework of his own constitutional powers through the formation of an investigative committee.
The Committee followed in its statement that “some people trying to exploit the opportunity to reform, to create a new crisis, the purpose of compromising the independence of independent bodies in general and the Central Bank in particular, through charges of smuggling money and money laundering to support terrorist operations,” noting boiled “This accusation is very serious and that it is true or there is evidence that his health should not be said in the media, but requires the competent investigative news agencies for investigation secret and the highest degree of attention does not hold press conferences. “
The Commission added that “the central bank is independent and subject only to the control of the House of Representatives that the Council Brkabth expensive and the defense of its independence as well.”
The members of the influential in the State of Law coalition led by Prime Minister Nuri al-Maliki had earlier accused the Central Bank of smuggling money out of Iraq to support terrorist operations threatening Shabibi Bank President to dismiss. For his part, called the Central Bank yesterday, Thursday, the Iraqi government to return to the central system in the absence of absorption potential in the market economy, pointing out that he was able to finance the trade of the Iraqi private sector over the past years.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, that “there is no political or economic Iraqis can know the philosophy of the Iraqi economy in terms of the system that is adopted, decentralized or free,” and urged the government to “return to the central system in If you do not understand the philosophy of a free economy. “
Saleh added that “the state must choose between returning to the central system for foreign trade financing to the private sector, through the federal budget by government banks with Hiemn economic freedom, or faith Ballbralah Economic brought by the Bank Act after 2003 and the law of banks and companies and the freedom of foreign exchange.” Saleh pointed out that “the Bank was able to trade finance for the private sector by the Iraqi auction conducted by the Bank successfully every day,” and wondered about “the ability of the Iraqi budget, which increased to 2012 from 470 billion dollars for the conduct of economic Oahtnumeih.”
He was a member of the Finance Committee in the House of Representatives accused Jubouri Haitham influential political figures in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2003.
By another member of the Finance Committee announced that the parliamentary bloc Lahrarmagdh Tamimi, “that its Committee will host a number of Ministers to reduce the phenomenon of money laundering.” She said in a press statement, “The Finance Committee plans to host the Minister of Finance and Planning, Commerce and Health and the Governor of the Central Bank to control the entry of goods random process of Iraq.”
It said al-Tamimi said its committee hosted the Director General of the Anti-Money Laundering in the Central Bank and general manager of currency auction Hazem al-Ani, saying, “The Finance Committee discussed several topics basic and most important subject of the mafia in control of the currency auction, which earns each of them about 5 million dollars a day has also been discussion of the procedures taken to reduce money laundering. “
She noted, “that the share of banks daily currency auction and the mechanism used in determining these shares are very weak.” Tamimi explained that the request is to host the ministers concerned to discuss the coordination mechanism to control the entry of goods to Iraq, it is found that there is something wrong in a very large random import operations that have a significant impact on the Iraqi state. “
For his part, said the legal expert Tareq Harb comment on the charges for crimes of money laundering and the sale of the dollar, that the system of Iraqi law, decided the provisions of many believes in combating these crimes and Mhaddtha (reduction) by giving the central bank wide powers and the powers of vast in the control, supervision and follow-up and punishment.
He said the war in clarifying the received long as he committed all financial institutions including banks implementation as determined by the central bank and what is the decision of the legal rules and stay with her news events for any financial activity suspicious for money laundering or the financing of crime, or to use the money for the benefit of criminal organizations and transactions contrived and fictitious for the purpose of avoiding legal requirements and noted that the law has decided to severe punishments for these financial institutions as a penalty to withdraw permission (cancellation of leave) for financial institutions and the imposition of criminal penalties and financial sanctions, and this is clear from the three legislations related to this subject is Law No. 56 of 2004 Central Bank Law, Law No. 93 of 2004 law against money laundering and Law No. 94 of 2004 Banking Act.
He said that this legislation has established a special office to combat money laundering at the Central Bank to report on cases of money laundering and was granted immunity for both the reporting and other provisions but legal texts and practice the real thing is something else.
He said the war to be talking lot about money laundering in the media without disclosing some cases large, adding that the money laundering means that a law dealing with proceeds of financial Msthsalh from illegal activity, or deal with the proceeds of money arising out of legal activity for the purposes of illegal addition to the cases mentioned.
He was a member of the Finance Committee in the House of Representatives accused Jubouri Haitham influential political figures in the Central Bank of smuggling $ 10 million a day to finance terrorism, noting that about 220 billion smuggled out of Iraq since 2003.
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