Cabinet denies the request of the Government to link the Central Bank by
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    Cabinet denies the request of the Government to link the Central Bank by

    Cabinet denies the request of the Government to link the Central Bank by

    12/04/2012 21:52:00


    The independent Iraqi news agency / Baghdad / and. X the Council of Ministers today denied that there is a demand from the government by linking the central bank.


    The Secretary-General of the Council of Ministers on the Keywords in a statement issued today, and received (and independent Iraqi news agency) to the Iraqi government did not ask the Council to link the central bank, or even trying to undermine its independence. "

    The head of the House of Representatives Osama Najafi stressed yesterday the need for non-subordination of the central bank for the government to prevent the seizure of Iraq's money or the implementation of international provisions issued against Iraq by the creditors, while pointing out that the Council will host a Bank Governor Sinan Cbyiba at a hearing to show the issue of exchange rate the dollar against the Iraqi dinar, attributed the reasons for the high Shabibi exchange of the dollar against the dinar to the weakness of domestic production and the weakness of the government's actions.

    Article 2/2 of the Law on Central Bank of Iraq 56 of 2004 on the "pursuit of the objectives of the Central Bank of Iraq and to accomplish its tasks, the Central Bank of Iraq 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, and will respect the independence of the Central Bank of Iraq can not be anyone of influence and improper for any member of the decision-making body in the Central Bank of Iraq during the performance of his duties at the bank or to interfere in the activities of the Central Bank of Iraq. "

    The parliamentary Finance Committee criticized the Secretariat of the Council of Ministers and its attempts to dominate the monetary policy of the Central Bank of Iraq and minimize the powers of the province, noting that this was a violation of the constitution and a danger to the Iraqi economy.

    The Federal High Court issued a decision to the relevance of independent bodies referred to in the Iraqi constitution, prime minister directly, and not under the chairmanship of the House of Representatives, and the decision came at the request of the Cabinet Office to the Federal Court on 2 December last year, to reflect the destination of the link.


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    Last edited by Honugirl; 04-13-2012 at 06:11 AM.
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