Najafi meet Shabibi and assures him of the independence of the Central Bank of Iraq away from the tutelage of the government
Posted 10/04/2012 01:01 PM

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The President of the Iraqi Council of Representatives Osama Najafi, should not be a dependency of the Central Bank to the Government, considering that in order to prevent the seizure of Iraqi funds.
Nujaifi said in a press statement after meeting with Iraqi Central Bank Governor Sinan Mohammed Rida al-Shabibi, he reviewed with Shabibi economic conditions and the reality of the Central Bank, stressing that "the central bank is independent and responsible on the basis of the provisions of Article (103) of paragraph (2) of the Iraqi Constitution , as well as Article 2/2 from the Iraqi Central Bank Act 56 of 2004. "

Najafi future Shabibi in Parliament today

He said Najafi need to "non-dependence the central bank to the government so as to prevent the seizure of Iraq's money or the implementation of international provisions issued against Iraq by the creditors," noting that "the House of Representatives will host the central bank governor at a hearing to explain the reality of the Bank's work and indicate the issue price of the dollar in front of the Iraqi dinar, economic conditions and monetary policy in place. "
The Najafi, "the House of Representatives support the work of the absolute central bank according to the Constitution and the law", stressing the need "to continue with the Central Bank of parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking."
According to the statement itself, the Shabibi Return "reasons for the high exchange rate of the dollar against the Iraqi dinar to the weakness of domestic production and low exports from Iraq except oil, and the weakness of the government's actions in attracting capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffered by some neighboring countries ".
The Iraqi market is now up to the U.S. dollar against the Iraqi dinar as the dollar was 1290 dinars in 1120 grants amounted to dinars two months ago, and before you start a wave of popularity of dollars to move to Iran and Syria Almaaqptin internationally.
The parliamentary and political voices loud against the recent decision of Prime Minister Nuri al-Maliki to dominate the monetary policy of the Central Bank of Iraq and curbing the powers of the province, through his decision to inflict the Office of the General Secretariat of the World Bank for prime minister.