Home
The Federal Supreme Court postpones appeal in articles 46 and 50 of the budget to 4 may
2015-04-14 01: 15: 00
The Federal Supreme Court decided to postpone the consideration of a case challenging the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until next month and agreed to enter Prime Minister in addition to his third person in the case.
He said judge Abdul Sattar bayrakdar, spokesman for the Federal judiciary that "Federal Supreme Court decided to postpone the consideration of the suit of Central Bank to challenge the constitutionality of articles 46 and 50 of the law on the federal budget for the year 2015, the fourth of next month", pointing out that "the delay was for the purpose of completing formalities, it was decided to introduce the Prime Minister in addition to his third person in the case."
For his part, Dr. Ahmed Chalabi, Chairman of the Finance Committee in the House of representatives, which is also in the third party proceedings in his testimony before the Court that the "Central Bank sold through auction currency for the period 2006-2014 $ 312 billion and 750 million and 598 million dollars, equivalent to 57% of total oil imports amounting to 551 billion and 749 million and $ 957 thousand and 142 ".
"The Central Bank has in 2009 only to sell 92 percent of the country's income from oil imports".
"If we take into account in the legislation of the importing Government budget from 2006 to 2014 from abroad amounted to 115 billion only, the total foreign currency sold to the private sector, which is mostly destined for private-sector imports amounted to three times the import of Government", adding that "this thing is not valid for the import of fuel and imports include government ministries of defence, Interior and others."
Chalabi said "selling these enormous quantities causing wastage of hard currency that we obtained from oil imports caused substantial damage to the State, part of the damage the now scarce cash."
As Chairman of the Finance Committee in the House of representatives that the sale by the Central Bank caused corruption and corruption on the general situation in the country ", he explained that" the Constitution does not specify what the Bank sell the currency, but said in the text of the article was to use other tools to protect the national currency ".
Chalabi had been "deputies found the protection of foreign currency and prevent the Bank from exercising its powers to protect the currency."
He said that "the Attorney (the Central Bank) on legislation of article 50 of the budget law carries the financial burden is not true," adding that the "rising dollar does not state the contrary financial burdens it commute, when you pay the obligations of the Iraqi dinar."
"The price is determined by the Central Bank is not based on a specific rule," pointing out that "the Central Bank to sell by auction increased seven times from 2006 to 2013 and 2014."
[You must be registered and logged in to see this link.]
2015-04-14 01: 15: 00
The Federal Supreme Court decided to postpone the consideration of a case challenging the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until next month and agreed to enter Prime Minister in addition to his third person in the case.
He said judge Abdul Sattar bayrakdar, spokesman for the Federal judiciary that "Federal Supreme Court decided to postpone the consideration of the suit of Central Bank to challenge the constitutionality of articles 46 and 50 of the law on the federal budget for the year 2015, the fourth of next month", pointing out that "the delay was for the purpose of completing formalities, it was decided to introduce the Prime Minister in addition to his third person in the case."
For his part, Dr. Ahmed Chalabi, Chairman of the Finance Committee in the House of representatives, which is also in the third party proceedings in his testimony before the Court that the "Central Bank sold through auction currency for the period 2006-2014 $ 312 billion and 750 million and 598 million dollars, equivalent to 57% of total oil imports amounting to 551 billion and 749 million and $ 957 thousand and 142 ".
"The Central Bank has in 2009 only to sell 92 percent of the country's income from oil imports".
"If we take into account in the legislation of the importing Government budget from 2006 to 2014 from abroad amounted to 115 billion only, the total foreign currency sold to the private sector, which is mostly destined for private-sector imports amounted to three times the import of Government", adding that "this thing is not valid for the import of fuel and imports include government ministries of defence, Interior and others."
Chalabi said "selling these enormous quantities causing wastage of hard currency that we obtained from oil imports caused substantial damage to the State, part of the damage the now scarce cash."
As Chairman of the Finance Committee in the House of representatives that the sale by the Central Bank caused corruption and corruption on the general situation in the country ", he explained that" the Constitution does not specify what the Bank sell the currency, but said in the text of the article was to use other tools to protect the national currency ".
Chalabi had been "deputies found the protection of foreign currency and prevent the Bank from exercising its powers to protect the currency."
He said that "the Attorney (the Central Bank) on legislation of article 50 of the budget law carries the financial burden is not true," adding that the "rising dollar does not state the contrary financial burdens it commute, when you pay the obligations of the Iraqi dinar."
"The price is determined by the Central Bank is not based on a specific rule," pointing out that "the Central Bank to sell by auction increased seven times from 2006 to 2013 and 2014."
[You must be registered and logged in to see this link.]
