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Central challenging passage from the budget bill considered intrusive its independence
03/10/2015
Economists stressed that paragraph 50 of the state budget law, for 2015, which identified the central bank ceiling sale at 75 million dollars a day will not only contribute to the prevention of smuggling of currency.
He says adviser to Prime Minister, the appearance of Mohammed Saleh, in his interview with Radio Free Iraq, said that "Paragraph 50 is considered an interference independence of the Central Bank, and credited his economic policies," asserting that "this paragraph and put the Iraqi Council of Representatives, not the Iraqi government."
And justifies member of the Finance Committee, Abdulkadir Mohamed, put the House of Representatives to paragraph 50 in the budget of 2015, "the Council's desire to preserve the Iraqi dinar and prevent speculators from manipulating the prices of the dollar in the auction currency and smuggled out of Iraq."
But an expert on the central bank, on behalf of Abdul-Hadi, asserts that "Paragraph 50 of the general budget of the state of law, conflict with the central bank law, and its continued existence is skeptical about the efficiency of the bank, as well as caused by the height of the dollar against the Iraqi dinar," he said that "Paragraph will lead to disrupting the market, rather than keeping the currency. "
It is worth mentioning that the central bank introduced an appeal to the Federal Court to paragraph 50 of the financial budget for the current year 2015, and it needs to sell $ 75 million a day. He described the Governor of the Central Bank on the Keywords, at a press conference, this paragraph "Balgraybh and dangerous" as the central bank is subject to government guidelines, expected this matter is resolved in favor of the Central Bank prosecuted.
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03/10/2015
Economists stressed that paragraph 50 of the state budget law, for 2015, which identified the central bank ceiling sale at 75 million dollars a day will not only contribute to the prevention of smuggling of currency.
He says adviser to Prime Minister, the appearance of Mohammed Saleh, in his interview with Radio Free Iraq, said that "Paragraph 50 is considered an interference independence of the Central Bank, and credited his economic policies," asserting that "this paragraph and put the Iraqi Council of Representatives, not the Iraqi government."
And justifies member of the Finance Committee, Abdulkadir Mohamed, put the House of Representatives to paragraph 50 in the budget of 2015, "the Council's desire to preserve the Iraqi dinar and prevent speculators from manipulating the prices of the dollar in the auction currency and smuggled out of Iraq."
But an expert on the central bank, on behalf of Abdul-Hadi, asserts that "Paragraph 50 of the general budget of the state of law, conflict with the central bank law, and its continued existence is skeptical about the efficiency of the bank, as well as caused by the height of the dollar against the Iraqi dinar," he said that "Paragraph will lead to disrupting the market, rather than keeping the currency. "
It is worth mentioning that the central bank introduced an appeal to the Federal Court to paragraph 50 of the financial budget for the current year 2015, and it needs to sell $ 75 million a day. He described the Governor of the Central Bank on the Keywords, at a press conference, this paragraph "Balgraybh and dangerous" as the central bank is subject to government guidelines, expected this matter is resolved in favor of the Central Bank prosecuted.
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