Posts Tagged ‘Sinan Al-Shabibi’

Shabibi ousted from CBI, IQD drops; Dinar at lowest level in two years

Posted: May 16, 2013 in Iraqi Dinar/Politics
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English: Governor of the Bank of Irak.

Observers: dip, Shabibi dinar missed and we fear the continued decline
THURSDAY, 16 MAY 2013 17: 07

Iraqi dinar is currently experiencing a decline in its value against the US dollar since the Government sacked the former head of the Central Bank, Sinan Al-Shabibi is raising concern among money and economy in particular.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to about 1,300 dinars after was stable from 1120, the highest rate of exchange-rate mechanism for the last two years. (more…)

CBI denies lending GIO incorrect information; Consider’s abuse to his reputation and stagger to the Iraqi market

Posted: April 7, 2013 in Iraqi Dinar/Politics
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Published on Sunday, 07 April / April 2013 17:17

BAGHDAD / obelisk: The Central Bank of Iraq, Sunday, incorrect information, which says that it lends to the government, noting that this information designed to confuse the Iraqi market and harms the reputation of the central bank.

According to a statement of the Central Bank got “obelisk”, a copy of that, “a newspaper quoted statements to former central bank governor Sinan al-Shabibi that the central bank has independence for agreeing to lend to the government.” (more…)

Even after Shabibi’s ouster, CBI’s auction policy is still under debate

Posted: March 13, 2013 in Iraqi Dinar/Politics
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Central bank auction approach “Turk” and gangs control the dollar
The time on Wednesday, 13 March / March 2013 07:39 | |

Despite nearly three months Alabaster exclusion d. Shabibi Governor of the Central Bank of Iraq, but the currency auction conducted by the bank, is still a matter of debate among politicians and economists. With detection parliamentary source early for the outbreak of major differences between the political parties and the Governor of the Central Bank and Agency Abdul Basit Turki, demanded Baghdad Chamber of Commerce, the central bank and the government to reveal the fate of the $ 250 million sold daily for banks and “organized gangs” led to the disruption of Iraqi dinar exchange rate . (more…)

Politicians continue to debate dropping zeros from the IQD

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-24 at 11.21.22 AMFears delete the zeros of the Iraqi currency

Raed al-Hashemi: The process of deletion of zeros is a necessary step for administrative reform of the currency (IRIN)

Agreed politicians and economists Iraqis that the process of deleting three zeros from the Iraqi currency current risk because of conditions of the country and the lack of security and stability and the spread of corruption, where Iraq is seeking to reform the system of currency management and ease of use and reducing the number of banknotes of four billion to one billion and 800 million paper, from by deleting three zeros and the issuance of a coin. (more…)

MP demands Turki step down as interim CBI Governor

Posted: February 23, 2013 in Iraqi Dinar/Politics
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Sabah al-Saadi demanding Abdul Basit Turki to leave the central bank “to date”
Published on Saturday, February 23 / ​​February 2013 16:25 | Written by: br-dh / n | | | Hits: 270

BAGHDAD / obelisk: called independent MP Sabah al-Saadi, on Saturday, the central bank governor and agency Abdel Basset Turki to abandon this position or office as BSA, stressing at the same time that the Turkish “His high skill” in the management of the SAI and it left the central bank to date. (more…)

CBI gives companies sell currencies 4 months to submit their final accounts

Posted: February 21, 2013 in Iraqi Dinar/Politics
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02/21/2013

BAGHDAD / JD / .. Central Bank of Iraq has given companies broker for the sale of foreign currency four months to submit their final accounts.

The bank said in a statement received / JD / copy: Based on the decision of Board of Directors of the bank ‘numbered 1493, and held on 11.12.2012, it was decided that mediate companies to sell foreign currencies submission of final accounts no later than 30/6 of the year following the year of activity . (more…)

Iraqi Government Seeks Control Over Central Bank

Posted: January 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-01-25 at 9.22.52 AMNote:  As of this week Mohammed Saleh has been released from prison

Posted on Jan 21 2013 03:47

“Iraqi activists and journalists have tried to exert pressure on the authorities in Baghdad to release Mudher Mohammed Saleh, deputy governor of the Central Bank of Iraq (CBI) after he was arrested on charges of embezzlement of public funds.Saleh, who has a PhD in economics from an American university, has been detained for over a month and a half at a police station in central Baghdad. The 65-year-old professor of economics at the University of Baghdad voluntarily turned himself in to Iraqi authorities after an arrest warrant was issued against him. (more…)

Finance Committee: Process of selling the currency at CBI has not changed since Shabibi held post

Posted: January 24, 2013 in Iraqi Dinar/Politics
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01/23/2013

BAGHDAD / JD / .. revealed the Knesset Finance Committee, that the process of selling the currency at the Central Bank has not changed for the article’s central bank governor Sinan al-Shabibi.

Committee member said the Iraqi List MP Ibrahim al-Mutlaq’s / JD /: The sale of hard currency, and remittances in the central bank did not change, and did not touch a new, namely, the same as they were in the time of the province of the Central Bank of the article, Sinan Shabibi, and his deputy, the appearance of Mohammed Saleh. (more…)

U.S. Federal Reserve controls the Iraqi foreign currency

Posted: January 9, 2013 in Iraqi Dinar/Politics
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Baghdad – Al-Hayat
Wednesday, January 9, 2013
A source familiar with the Central Bank of Iraq’s Al-Hayat, that the Iraqi government is unable to act in cash reservoir abroad because it is lodged with the U.S. central bank. He stressed that the latter had already agreed with the United Nations and the Department of the Central Bank of Iraq to reject the transfer any amount outside the framework of the budget. (more…)

Finance Committee Member: GOI has yet to appoint candidate for CBI Governor

Posted: December 28, 2012 in Iraqi Dinar/Politics
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Parliamentary Finance: the position of Governor of the Central Bank managed proxy and the government has not provided so far as its candidate

Parliamentary Finance Committee confirmed that the position of Governor of the Central Bank is still run by proxy and the government did not provide until now a candidate for the job. (more…)

Council of Ministers to constitute a committee to review and audit the sale of currency

Posted: December 27, 2012 in Iraqi Dinar/Politics
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Editor: HH 27/12/2012 17:19

The form of the Iraqi Council of Ministers, on Thursday, a committee to audit and review the sale of the currency at the central bank auction, as he emphasized that the Commission will develop proposals to reduce the leakage of the currency.

A statement issued by the General Secretariat of the Council of Ministers and received (range Press), a copy of which, “The Secretariat has formed a committee to audit and review the sale of the currency in central bank auction in accordance with the order Diwani (121) for the year 2012,” noting that “the Commission will be headed by a representative of the Supreme Audit financial and membership of the Ministry of Finance, Interior and Commerce in addition to the Central Bank and the General Secretariat of the Council of Ministers. “

(more…)

CBI: Permit the conservative lower U.S. dollar exchange rate based law

Posted: December 15, 2012 in Iraqi Dinar/Politics
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Published in: 5:14 pm, December 14, 2012

BAGHDAD (Iba) .. The Central Bank of Iraq on his decision authorizing the governor powers to reduce the dollar exchange rate to the Bank Act document.

A source at the bank in connection with the independent press (Iba) in response to a statement the former governor Sinan al-Shabibi, describing the decision (b wrong) that Article 20, paragraph one of the central bank law, which refers to the tasks the central bank governor as the chief executive and his conduct of daily operations. (more…)

Shabibi: decision to authorize a new CBI governor to reduce the sale price of the dollar is wrong

Posted: December 13, 2012 in Iraqi Dinar/Politics
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Author: HM Editor: CC Thursday 13 k 1 2012 11:30 GMT

regarded former central bank governor issued an arrest warrant Shabibi, Thursday, a resolution authorizing the new governor the power to reduce the sale price of the dollar, “wrong”, stressing that this economic decision, as he emphasized that the authority of the Board of Directors higher than the authority of the province. (more…)

Central respond to Shabibi: devalue the governor and functions in accordance with Article 20 of the Bank Act

Posted: December 13, 2012 in Iraqi Dinar/Politics
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Published on Thursday, 13 January 1 / December 2012 20:11
BAGHDAD / obelisk: Central Bank of Iraq issued a statement in which he responded to the accusations of former governor Sinan Shabibi wrong decisions by the Bank of measures to reduce the exchange rate and referred it to review the law on the Central Bank of Iraq. (more…)

Iraqi efforts to recover Shabibi the help of the International Monetary Fund and INTERPOL

Posted: December 12, 2012 in Iraqi Dinar/Politics
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The time on Wednesday, 12 January 1 / December 2012 05:49 | |

Baghdad / Orr News

Announced the parliamentary committee charged with investigating dealings CBI Iraq sought to recover former central bank governor Sinan al-Shabibi the help of the International Monetary Fund and the International Police (INTERPOL). (more…)

Iraqi Foreign Ministry denies any investigation into CBI by the UN

Posted: December 10, 2012 in Iraqi Dinar/Politics
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Denies foreign United Nations Mission in Iraq to investigate the issue of Central Bank
Date: 2012/12/10 17: 25: 55 Monday

Baghdad (newsletter) …The Foreign Ministry denied reports that a United Nations Mission in Iraq to investigate the issue of the Central Bank of Iraq. (more…)

World Bank to investigate CBI; Shabibi allegations a sovereign Iraqi issue

Posted: December 9, 2012 in Iraqi Dinar/Politics
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12/08/2012 (23:00 pm)
The World Bank’s (range): Shabibi professional and competent nor central authority only to Iraq’s parliament

The World Bank said, on Saturday, he was sending a “technical committee” to evaluate the work of the Central Bank of Iraq, and stressed the importance of the independence of the Central confirmed that he is accountable to the parliament has nothing to do with the government of Iraq.

(more…)

Member of the Finance Committee calls for the nomination of an experienced personal economic and financial management of CBI

Posted: December 1, 2012 in Iraqi Dinar/Politics
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Iraq Business Directory – 12/01/2012 – 7:40 pm

Student member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, elected personal impartial and experienced financial and economic for the position of governor of the central bank, to maintain the value of the national currency and reserve balance of hard currency.

Abbas said (of the Agency news): The central bank is major financial institution in the country reflect the economic and financial activity in the country being controlled on the circulation of currency and control the work of banks, so attention must be paid his administration to support the national economy in general. (more…)

House disengagement rivers of the Central Bank

Posted: November 28, 2012 in Iraqi Dinar/Politics
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27/11/2012

The Council of Ministers approved in its disengagement House Mesopotamia from the central bank and attached to the Ministry of Education, also agreed to consider convert Iraqis schools in abroad to central funding next year. (more…)

Expert: World Bank report on investment in the country is not encouraging

Posted: November 27, 2012 in Iraqi Dinar/Politics
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 Baghdad / agencies stressed economic expert on behalf of Jamil Anton that the recent report issued by the World Bank on investment in Iraq was “not encouraging”, and should benefit from the reform of the national economy, pointing out that the five-year plan the next will not achieve success without the presence of solutions to the problems of investment. (more…)

After change of CBI management; Specialists indicate the current CBI crisis affected the country’s economic activity

Posted: November 27, 2012 in Iraqi Dinar/Politics
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On: 2012-11-27 12: 39: 20 Tuesday

Baghdad (News)/report/Hussein Faleh/… Financial policy in the country suffered a severe crisis after accusing the Governor of the Central Bank and some of its employees with financial corruption.

And the Governor was removed and transfer some of the Bank’s managers, said a number of lawmakers and financial experts (News News Agency): the current Central Bank crisis affecting overall economic activity in the country in terms of investment companies ‘ reluctance to enter the Iraqi investment environment and loss of confidence in banks and exchange offices by citizens, as well as to discredit the Central Bank abroad. (more…)

Problems at CBI to harm foreign investments, says Najeeb

Posted: November 19, 2012 in Iraqi Dinar/Politics
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Monday, 19 November 2012 13:39 | | |

Baghdad (AIN) -MP Najiba Najeeb, member of the Parliamentary Finance Committee stressed that the recent problems at the Central Bank of Iraq will affect the investment sector in the country. (more…)

World Bank weighs in on Iraq; CBI, Poverty, poor government, Iraqi’s should stand and demand

Posted: November 14, 2012 in Iraqi Dinar/Politics
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World Bank representative in Baghdad: Iraq’s resources wasted at the expense of subsequent generations

Confirmed the Special Representative of the World Bank in Iraq Marie-Helene a transition strategy Bank of partnership short-term partnership to medium-term for four years with Iraq, adding that this strategy will allow the World Bank to focus on three grounds which targeted financial management, economic development, as well as poverty . “Long” Ms. Mary Helen met at its office in Baghdad to Thorha issues and issues related to the relationship between the World Bank in Iraq: (more…)

The National: Shabibi criticizes Iraqi Government

Posted: November 8, 2012 in Iraqi Dinar/Politics
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The former governor of Iraq’s central bank who was removed from his job amid allegations of financial impropriety has vowed to clear his name.

Sinan Al Shabibi was suspended from his post following allegations that the central bank had manipulated the Iraqi currency against the US dollar.

But he claims that the charges against him are cover for a political manoeuvre by the government to use the central bank’s reserves. (more…)

Financial Supervision Office reveals financial violations in daily auction of CBI

Posted: November 8, 2012 in Iraqi Dinar/Politics
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Wednesday, 07 November 2012 11:50 | | |

Baghdad (AIN) -A report by the Financial Supervision Office revealed the results of the oversight and scrutiny on the activities of the foreign currency auction since the start of 2012 till 30th of last August which confirmed the existence of administrative and financial irregularities in the banking transactions in the foreign currency auction at the Central Bank of Iraq. (more…)

Shabibi: We have documents that confirm the success of the CBI in exchange rate stability and I will return to Baghdad next Thursday

Posted: November 7, 2012 in Iraqi Dinar/Politics
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On: Tuesday 11/06/2012 10:23 pm

Revealed Shabibi, who had his hand was withdrawn from the Department of the Central Bank and has served as the governor and outgoing arrest warrant for possession of documents which confirm the success of the bank in the custody of the stability of the Iraqi currency and the exchange rate. (more…)

Maliki puts forward possible replacement candidates for Gov of CBI

Posted: November 7, 2012 in Iraqi Dinar/Politics
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Deputy for the rule of law reveals’s (et al) for the names put forward by the Prime Minister for the position of Governor of the Central Bank

A member of the Finance Committee, a coalition of law Haitham al-Jubouri that the Prime Minister put forward two names for the post of Governor of the Central Bank for discussion within the National Alliance. (more…)

Parliament forms new committee to investigate the implications of CBI

Posted: November 6, 2012 in Iraqi Dinar/Politics
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Announced the House of Representatives, Tuesday, announced the formation of a new committee to investigate the implications of the central bank, indicating that it will host the Director General of Taxation and Customs and Economic Newspaper officials and the central bank to discuss the issue. (more…)

Shabibi: I’ll be back next Thursday to Baghdad and confirms the success of the central bank in exchange rate stability

Posted: November 6, 2012 in Iraqi Dinar/Politics
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Tue, 06 Nov 2012 10:11:23 +0200

Revealed Shabibi, who had his hand was withdrawn from Directors of the Central Bank and has served as the governor and outgoing an arrest warrant for possession of documents which confirm the success of the bank in the custody of the stability of the Iraqi currency and the exchange rate.

Shabibi said in a statement telephone that “central bank officials have documents indicating that they have succeeded in stabilizing the exchange rate and they Aataamilon with businessmen or traders through private banks,” pointing out that “will return to Baghdad next Thursday to clarify the facts and to pay the charges within them political character. says. (more…)

Parliament starts discussing Central Bank

Posted: November 6, 2012 in Iraqi Dinar/Politics
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Tuesday, October 06, 2 / November 2012 15:18
[Baghdad - where]

House began discussing the policy of the Central Bank.

The parliamentary source told all of Iraq [where] on Tuesday that “the parliament began discussing central bank policy and during which the supervisor of the investigative special circumstances of an auction sale of foreign currency in the Iraqi Central Bank First Deputy Chairman of the House of Representatives Qusay al-Suhail review of the progress of the investigations and their results in this file” . (more…)

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