The government denies the request submitted by linking the Central Bank of the Council of Ministers
12/04/2012

The government denies the request submitted by linking the Central Bank of the Council of Ministers

BAGHDAD / JD / .. The government has denied a request submitted includes linking the Central Bank Council of Ministers. The Secretary-General of the Council of Ministers in a statement received by Keywords / JD / copy of which was that the Iraqi government did not ask the Council to link the central bank, or even trying to undermine its independence. The Finance Committee has confirmed the parliamentary vote on the resolution not to link the Central Bank of the House of Representatives and annexed to the Cabinet as a violation of the Iraqi Constitution. Said committee member MP for the Liberal bloc internalized within the National Alliance Majida al-Tamimi in an earlier statement / JD / "All of Representatives will not vote on the resolution link the Central Bank of Iraqi Council of Representatives." It showed al-Tamimi, "The first paragraph in Article 103 of the Iraqi Constitution stipulates that the central bank an independent body, independent financially and administratively, and second of the same article stipulates that the Central Bank is linked to the House of Representatives of Iraq, the solution relates to reassign the Council of Ministers is a violation of the constitution" . She pointed out that "the House of Representatives will vote on the resolution of any independent body to be connected to the Council of Ministers because the deputies do not want to breach the Iraqi constitution." The member of the Finance Committee MP for the Liberal bloc were part of the National Alliance, "The Constitution above legislation in the country and above all its provisions be applied in all ministries and institutions." The Central Bank, based in Baghdad in the current approach based on the Iraqi Central Bank Law of 2004 authorized capital of 100 billion dinars, the current president of the Central Bank of Iraq is Sinan Shabibi. The Speaker Osama Najafi, had confirmed during a meeting with the Iraqi Central Bank Governor, Professor Sinan Mohammed Rida Shabibi "the necessity of central bank independence and maintain the responsibilities of fiscal policy in the country according to the provisions of Article (103) of paragraph (2) of the Iraqi Constitution, as well as Article 2 / 2 of the Central Bank of Iraq 56 of 2004, which states that "in order to achieve the objectives of the Central Bank of Iraq and to accomplish its tasks will be the Iraqi Central Bank independent and responsible as provided for in this Act, except as determined contrary to this law will not receive the CBI instructions from any entity or person or institution, including government institutions. The Nujaifi to "support the House of Representatives absolute work of the Central Bank in accordance with the Constitution and the law, stressing the need to continue to the Central Bank with the parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking. He stressed that" should not be dependent central bank to the government so as to prevent lay hands on Iraq's money or the implementation of international rules issued against Iraq by the creditors. "and explained that" the House of Representatives will host the central bank governor at a hearing to explain the reality of the Bank's work and identify the issue of the exchange rate of the dollar against the Iraqi dinar and the economic conditions and monetary policy pursued.


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