The President of the Republic approves the Second Amendment to the Law of the Central Bank of Iraq and Irrigation



Roudao - Erbil

Sadiq President Fuad Masum on Wednesday, the law of the second amendment to the law of the Central Bank of Iraq and the law of irrigation, according to a statement issued by the Information Office of the Presidency of the Republic.

The Presidential Office explained that the law of the second amendment to the law of the Central Bank of Iraq, "which was voted by the House of Representatives earlier, based on the provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution, The Central Bank of Iraq and to keep pace with the global economic development and grant powers to the bank and increase the number of members of the Board of Directors of the bank from outside the bank and the formation of the Audit Committee and the issuance of commemorative coins and the imposition of interest on loans granted by the bank to commercial banks and the preservation of funds from the bookings issued by judicial decisions.

The Information Office of the Presidency of the Republic also announced that Masoum also ratified the Irrigation Law No. 83 of 2017.

The Presidential Office explained that "this law, which was voted by the House of Representatives earlier, on the basis of the provisions of Article (61) of Article (61) and Article III of Article (73) of the Constitution, And to prevent the violation of the water quotas and the non-harmonization of the fine imposed on the perpetrators of the violations provided for in irrigation law No. 6 of 1962 with the value of the Iraqi dinar at the present time and for the purpose of canceling the decision of the Revolution Command Council dissolved No. 587 of 1981, this law.

The statement pointed out that these two laws were sent for publication in the Official Gazette.

https://www.rudaw.net/arabic/middleeast/iraq/211220171