Central bank seeks to fortify himself against the "ignorant" and "political interests
The central bank seeks to fortify himself against the "ignorant" and "political interests"
11/29/2015 0 Comments
Twilight News Central Bank of Iraq / announced on Sunday that he was seeking to enact legislation decision-makers at the bank granting legal immunity enjoyed by their counterparts in the world's central banks.
The governor of the bank on the Keywords in a meeting with a large number of academics and relevant experts on international reserves and window sale of foreign currency at the central bank, said the meeting came to face the random and the accusations made against the work of the Central Bank by some of the non-professionals, which found its way to discredit campaigns media.
He said, according to a statement of the bank responded to Twilight News, that these campaigns involved a great deal of inaccuracies and misunderstandings, and may entail negative effects on the stability of the market and investor expectations, which could be extended to damage to the financial and banking transactions at home and abroad.
He Keywords that "the meeting took a series of recommendations, including work to enact clear legislation that unambiguously to protect the decision-makers and those with the powers of the employees of the Central Bank of the charges and conjectures that are harmful to their reputation and the reputation of their institution ancient and issued by some parties, either because of ignorance or politically motivated and self-interest, and give them legal immunity enjoyed by their counterparts in the world's central banks. "
He Keywords that "the recommendations approved the continuation of the central bank in its direction and working mechanisms to ensure exchange rate stability, and to prevent speculation, and the removal of the big differences from the official price, and the adoption of full transparency in the sell-through window sell the currency."
He noted that "among other adoption of the study presented by the governor of the recommendations, as a general framework for the work of the Central Bank and the options available to him, and distributed to professionals and the media in order to shed light on the facts, and dispel the image blur on the work of the Central Bank mechanisms."