Al-Shabibi: Central Bank cannot stop foreign remittances to banks

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Al-Shabibi: Central Bank cannot stop foreign remittances to banks

Alsumaria news -22/12/2012-6: 06 pm | Hits: 6

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Alsumaria news/Baghdad

The Central Bank Governor said his arrest warrant for Sinan Al-Shabibi, Saturday, it can't stop transfers of remittances to banks, stressing that these remittances are by money laundering.

Al-Shabibi said in an interview for "alsumaria news" that "the Central Bank cannot stop foreign remittance operations that its banks at their request, as this will affect the exchange rate in Iraqi markets", stating that "not to sell foreign currency to make them citizens are turning to the market to buy them, creating a new exchange rate away from the policy of the Central Bank."

Al-Shabibi said that "Central Bank checks in money transfers and continuously," he said, adding that "Gets the martyrdom of banks that the money had not been subjected to washing, and then converted to money laundering at the Bank Office to check."

Al-Shabibi said that "the Bank's daily auction are known", pointing out that "transfers under auction whether transfers of Government funds or banks be audited and without any problem."

The Supreme Judicial Council was stressed, in (October 19), the issuance of an arrest warrant against the Governor of the Central Bank and a number of officials in corruption.

Prime Minister Nouri al-Maliki, (5 November 2012), the big warheads will fall in the Central Bank issue, pointing out that he is not acting Iraqi funds, and no information on their size or places of deposit.

The accusations escalated pace on the currency smuggling overshadowed the dollar selling prices on local markets and increased the price paid by month, while deputies demanded that the Government stops sale of currency in the Central Bank auction, others stressed that Iraq will lose big money by smuggling a day out, despite the acclaim of many economic specialists on the positives in reducing inflation rates and control the value of the Iraqi dinar.

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