Much talk recently about Dr. Shabibi Iraqi Central Bank Governor, and the actions taken against him, Sometimes people say that there is an arrest warrant issued against him, has said that recently a spokesman for the Supreme Judicial Council and another says there is prevented from traveling, and to other of conflicting statements and that we think that the goal is to intimidate Dr. Shabibi in order to dream of traveling in Japan, where represents the Central Bank of Iraq to the meeting of the International Monetary Fund there.
What happened on the subject of the Iraqi Central Bank in recent days is a matter of not overseeing Iraq in any way, and does not pay his reputation by media global capital, but this makes it a state of confusion and uncertainty, and challenge the ability to commit Ptaakedath and before that the Constitution and the law.
That Dr. Shabibi Avdhala many financial realities in Iraq, in his built CBI reserves of Iraq over (76) billion U.S. dollars, after it was Iraq does not have any reserves, but that the central bank was owed to foreign banks and backward on the repayment of these debt, as Dr. Shabibi able to maintain the exchange rate of the dollar in the range of 3% of the difference, while the deterioration of the currency in the country surrounding Iraq, such as Iran, Turkey and Syria, more than 80%.
It mounted procedures quiet unannounced to distribute reserves the Iraqi central bank in the world after it was full at the Federal Reserve Bank of the U.S. in New York, where the deployment of Dr. Sinan reserves of Iraq and keep it in a group of central banks, including: Bank of France and Bank of England and the Bank of the Netherlands and Fund Arab Monetary and the Bank for International Settlements in Switzerland, and this achievement is important in light of U.S. influence, which was and still is Iraq are subjected to.
The flooded with certificates and awards on the Dr. Shabibi adept and good management of many global institutions and was chosen from among the elites Itbu their discretionary superiority centers on fellow officials in central banks within the Arab region and the states and abroad.
The oscillations that got the dollar exchange rate in the Iraqi market during the months of April and May, June, July and August last is not making Shabibi, because the Iraqi government and the Central Bank sign in each year of the Convention on (SBA) with the IMF international impose this agreement to the Iraqi Central Bank to provides full what the market demands at the end of the auction on the dollar and every day the price at which anchored it.
The Government of Iraq is committed under the Central Bank to provide support the dollar and that of the Iraqi government’s commitment through the financial commitment to politics and free trade, because the Iraqi dinar currency became difficult because of the availability of the entire cover and more than $ per Iraqi dinars issued by the Central Bank are trading the market.
We have relied recent actions against Dr. Sinan Shabibi and some staff the central bank to report from Dr Abdul Basit Turki Saeed Hadithi Prime BSA, which was adopted on the thought socialist Bali and considered that determine dollar selling is a must have originally either sell the dollar is the exception in his opinion, has repeated in this report the words of instructions, attachments and phrases documents to be attached with the auction transactions.
Accountable this report the CBI on the lack of commitment of banks that bought the dollar Bmkhalvadtha of documents submitted by when it wants to buy the dollar from him, and if the central bank sheriff or man Customs, while the basis of the work of the free market in the currency is to sell the central bank dollar at the market price, especially as Central Bank hardly be the only source to sell.
That is no doubt that part of the dollars Almstrat from the central bank where suspicion of money laundering, and this is a crime according to Iraqi law, and the central bank is not the investigative or judicial order to achieve the subject of money laundering this, then take actions against those who carried out this work violator.
In the report of the Board of Supreme Audit No. 4/3/1/20094 on 25/09/2012 samples contained therein to companies including: – Company Hura Valley General Trading in the fourth page from paragraph (a): -
A – amounted amounts of sugar and fat provided by the company (Hura Valley General Trading) (72,803) tons of sugar and (20000) tons fat food and total amount of $ (87,885) thousand dollars (seven and eighty million eight hundred and eighty-five thousand dollars) which is the amount that has been siphoned off through auction and through the United Bank for Investment while quantities installed in database General Authority for Customs reached (13,049) tons of sugar and (1737.6 tons) fat and total amount of $ (9192) thousand dollars (nine million, one hundred and ninety-two thousand dollars ).
A page that the Euphrates sands company submitted lists to the North Bank purchases rebar reached (11) million dollars of paragraph (b): -
B – presented Remal Euphrates lists Bmstraeadtha of rebar to North Bank quantity (16793.58) tons and $ (11,201) thousand dollars (eleven million, two hundred and one thousand dollars) to convert amounts by auction while the database General Authority for Customs showed insert (16034) tons of rebar amount (6738) thousand dollars (six million, seven hundred and thirty eight thousand dollars).
Then came in paragraph (d) of the page (5) of the report: -
D – by comparing the list of purchase provided by the merchant (Hassan Ali Obeid) through a bank economy to the auction, we noticed that the amount of existing (4200) thousand dollars (four million and two hundred thousand dollars) while all Amoad entering his name through a database Authority General Customs stood at (138) thousand dollars (one hundred and thirty eight thousand dollars).
Then in Article (4) of the fifth page itself: -
Actual imports up (22556) thousand dollars (twenty two million five hundred and fifty-six thousand dollars).
It is thus clear in the sample examined by the BSA that the total has been used to import materials to Iraq amounted to 1.5% of the total dollars that have been purchased, where then went the rest of the dollars?
Will the government and judicial accountability of those who provided this data to buy the dollar, where they came from to buy the dinar dollars? And how they acted in dollars they bought … We have not heard such movements.
The report focused on the so-called irregularities central bank has asked the government to investigate this matter and to refer the person who violates the judiciary.
How surprised the government appointed Dr. Abdul Basit Turki Saeed Hadithi governor of the Iraqi Central Bank by proxy while retaining the post of President of Supreme Audit, and here we wonder, but this is a conflict of goals and interests, how can combine Observer (which was signed by observation), which watched any of the bank management and the Presidency BSA, this reminds us of a deficit famous Mutanabi House:
Vic arguments and you judge and jury
That Dr. Shabibi deserves appreciation, respect and gratitude for what he did, but ايجازى threats and defamation, arrest and prevented from traveling, it is in person the world and professional, the son of Sheikh Mohammad Reza Shabibi symbol great symbols of Iraq national, who is the brother martyr Asad Shabibi executed by dictator Saddam in 1980 , which is one of the most important who worked in the opposition against the dictatorship …
Is this how punishing him like Shabibi in the new Iraq.