Parliamentary Finance: Central Bank sold since 2006 more than $ 312 billion

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Parliamentary Finance: Central Bank sold since 2006 more than $ 312 billion

14/04/2015 03:24 | Number of Views: 205

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BAGHDAD / Source News / .. The head of the Finance Committee in the House of Representatives, Ahmed Chalabi, on Tuesday, the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142.

He added in an exhibition his statement before the Federal Supreme Court, according to a statement to eliminate the agency received / Source News / copy of it to consider the grounds of appeal against the unconstitutionality of articles 46 and 50 of the federal budget for the year 2015 and constitutes a third party in the lawsuit, said that "the central bank had in the year 2009 Only the sale of 92%, which entered the country from oil imports. "

He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad totaled $ 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import" explaining that "this thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior, and others."

Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of the damage suffered by what is now the scarcity of liquidity."

With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country," explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged with other tools to protect the national currency. "

Chalabi and went on to "the House of Representatives found this article from the protection of national hard currency and prevent the bank from exercising his powers to protect the currency."

He said that "as reported by agent Prosecutor (Central Bank) on the legislation of Article 50 of the Budget Law holds financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated, when you pay the obligations of the Iraqi dinar ".

He explained that "the price at which the central bank is determined by his choice is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 up to the 2013 and 2014".

With the Federal Supreme Court decided to defer consideration of the case to appeal against the unconstitutionality of articles 46 and 50 of the budget until the fourth month of Almqubl.anthy T.

http://l-news.net/index.php/economy/76599.html

[Butifldrm]

The Federal Supreme Court postpones appeal in articles 46 and 50 of the budget to 4 may

2015-04-14 01: 15: 00

 

The Federal Supreme Court decided to postpone the consideration of a case challenging the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until next month and agreed to enter Prime Minister in addition to his third person in the case.

He said judge Abdul Sattar bayrakdar, spokesman for the Federal judiciary that "Federal Supreme Court decided to postpone the consideration of the suit of Central Bank to challenge the constitutionality of articles 46 and 50 of the law on the federal budget for the year 2015, the fourth of next month", pointing out that "the delay was for the purpose of completing formalities, it was decided to introduce the Prime Minister in addition to his third person in the case."

For his part, Dr. Ahmed Chalabi, Chairman of the Finance Committee in the House of representatives, which is also in the third party proceedings in his testimony before the Court that the "Central Bank sold through auction currency for the period 2006-2014 $ 312 billion and 750 million and 598 million dollars, equivalent to 57% of total oil imports amounting to 551 billion and 749 million and $ 957 thousand and 142 ".

"The Central Bank has in 2009 only to sell 92 percent of the country's income from oil imports".

"If we take into account in the legislation of the importing Government budget from 2006 to 2014 from abroad amounted to 115 billion only, the total foreign currency sold to the private sector, which is mostly destined for private-sector imports amounted to three times the import of Government", adding that "this thing is not valid for the import of fuel and imports include government ministries of defence, Interior and others."

Chalabi said "selling these enormous quantities causing wastage of hard currency that we obtained from oil imports caused substantial damage to the State, part of the damage the now scarce cash."

As Chairman of the Finance Committee in the House of representatives that the sale by the Central Bank caused corruption and corruption on the general situation in the country ", he explained that" the Constitution does not specify what the Bank sell the currency, but said in the text of the article was to use other tools to protect the national currency ".

Chalabi had been "deputies found the protection of foreign currency and prevent the Bank from exercising its powers to protect the currency."

He said that "the Attorney (the Central Bank) on legislation of article 50 of the budget law carries the financial burden is not true," adding that the "rising dollar does not state the contrary financial burdens it commute, when you pay the obligations of the Iraqi dinar."

"The price is determined by the Central Bank is not based on a specific rule," pointing out that "the Central Bank to sell by auction increased seven times from 2006 to 2013 and 2014."

http://www.iraqja.iq/view.2799/

Edited April 14, 2015 by Butifldrm

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Chalabi reveals "the proceeds of an auction of the central currency 2006- 2014"

Chalabi reveals

22:24

04/15/2015

The chairman of the parliamentary finance committee, Ahmad Chalabi, on Tuesday, that the proceeds from the auction of hard currency the central bank for the period between 2006- 2014 is equivalent to 57% of the total oil imports, as pointed out that the central sale of foreign currency caused the corruption and the corruption of the general situation of the country. Chalabi said, "The central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars, equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142," noting that "the Bank The Central in 2009 only to sell 92%, which entered the country from oil imports. " He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad amounted to 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import," explaining "This thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior and others." Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of this damage what ails now from the scarcity of liquidity," pointing out that "the sale by the Central Bank of cause In the case of corruption and corruption reflected on the general situation in the country. " Chairman of the parliamentary finance committee and explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged using other tools to protect the national currency," Mstrsla that "the House of Representatives found of this article, the protection of national hard currency and prevent the bank from exercising its powers in defend the currency. " He pointed out that "as reported by agent plaintiff (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the dollar exchange rate does not carry the state financial burdens, but the opposite is mitigated, when pay its obligations Iraqi dinar. " Chalabi and that "the price set by the central bank is an option it is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 up to the 2013 and 2014". The Federal Supreme Court, decided on Tuesday to postpone consideration of a challenge to the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until the fourth of next month as agreed to introduce the Prime Minister Haider Abadi, in addition to his job a third person in the suit.