Mayahi: House of Representatives behind the failures of the Central Bank

[yota691]

Mayahi: House of Representatives behind the failures of the Central Bank

Baghdad / Orr News

Accused member of the Committee of Economy and Investment parliamentary Aziz Sharif Mayahi House of Representatives of being behind the failures of the Central Bank of Iraq .

He said Mayahi in a press statement on Monday that "the negligence of the House of Representatives oversight role in following up the Iraqi Central Bank to make the central bank continues to failures that had the effect of the continuous rise of the dollar and confusion in cash transactions through a bank for politicians wrong in the auction currency . "

"The central bank was the cause of wasting huge sums from the general budget of the fact that the budget approved dinar currency and the different teams will make the current approved budget for the ministries and provinces are not commensurate with actual needs and this is what the government will sign in embarrassments . "

He added that "Iraq's economy suffered a severe blow by having some members of the state and mafias currency to ratify the transaction import fake billions of dollars and being smuggled abroad, including what came to UAE for more than four billion dollars in four days only and this sabotage of the Iraqi economy . "

He continued that "this manipulation and confusion in the price of the currency to make the government fall in embarrassments because of the existence of contracts with foreign companies and domestic and differing exchange rate would cost the government other amounts in addition to increased play on the citizen through higher prices of materials and supplies of food and trade . "

He called Mayahi Central Bank "to change the style of auctions and bring it back as it was to allocate money to a number of banks and banking offices instead of putting the auction, however, the bank exclusively as the old policy kept the exchange rates of currencies unlike the new policy, which has caused confusion and awkwardness of the citizen and the government . " http://www.uragency.net/2012-03-11-16-31-52/2012-03-11-16-33-57/2794-2012-05-14-11-31-23.html

[semichdave]

A Member of a Government wasting money? I have never heard of such a thing.......

This surprises who? The saga continues. Maybe this guy could take John Edwards place.

[Niteflyer]

agreed

[zigmeister]

If anything this article states the financial situation, CBI and finance committee are in deeper straights than they say.