Iraq Govt. denies annexing CBI, spokesman

[Stillw8n]

Iraq Govt. denies annexing CBI, spokesman

4/14/2012

BAGHDAD/ Aswat al-Iraq: Cabinet spokesman Ali al-Alaq denied that the government demanded annexing the Central Bank of Iraq, pointing that 180 billion dollars were remitted abroad during the past few years, mostly not for purchasing purposes.

In a statement, copy received by Aswat al-Iraq, he added that “the general policies of the state belongs to the federal government, and the monetary policies are part of the economic ones”.
He added that General Auditing Department pointed the weakness of supervision on the CBI on external remittances, which are “organized operations to smuggle money abroad”.

Alaq added that the monetary situation in the country is “good”, where “we have 65 billion dollars as reserves”.

He elaborated that the law of the CBI designates that bank is a consultant, a bank, and financial agent to the government, as well exchanging information and coordination of monetary policies, which matter demanded by the government.

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