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The government ordered the Central Bank monetary policy by engaging them in
8/4/2012 | (Voice of Iraq)
BAGHDAD / menopausal Hossam Sam - long revealed the Finance Committee representative for a book issued by the General Secretariat of the Council of Ministers addressed to the Central Bank warns him of the adoption of policies without reference to the government, which was considered by the blatant interference in the work of independent bodies, confirming the discussion of this trend in its which will be held on Sunday.
A member of the Committee Faleh force, "The book was issued by the Secretariat of the Council of Ministers on 15 March is considered as interference explicitly in the functions of the Central Bank shows the government's desire to acquire independent bodies through excess material explicit to the Constitution."
And the transfer of force in interview with the (range) yesterday about the book is read "the basis of Article (110 / III) of the Constitution of the Republic of Iraq, which pointed out that the terms of reference of the federal authorities exclusive formulating monetary policy and the establishment of the Central Bank and its management .. so please provide the monetary policy of the Central Bank to Council of Ministers to inform the Council and approval and the failure to adopt policies without the approval of the Council of Ministers in the future ", following" The decision was considered the central bank one circles the Council of Ministers which is involved in the Iraqi economy and the construction of state institutions. "
In the opinion of a member of the Finance Committee that the Constitution was clear in defining the role of independent bodies, especially the Central Bank and acting as formulating monetary policy, "The orientation of the government will weaken international confidence in the Central Bank." And the devious intent of the government behind the decision returned in force for two reasons, noting that "the first of the budget exceeded the reserve .. It seemed so obvious in the budget of 2011, when I tried to benefit from the $ 5 billion."
"They do not know the importance of the reserve which is the strength of Iraq's economic .. such a mentality of how it manages the economy, a developing and promising in the country," but the other reason, it was attributed in force to "overthrow, led by the Central Bank of the current, which is the subject of a tribute from all the international organizations relevant, although some parties dominating the political decision to try to replace them with others loyal to specific parties. "
Warned a member of the Finance Committee "that such a measure would give the government policy is added to its counterparts failed .. They (the government) have failed in the fight against poverty and the provision of services as well as the electricity issue which is witnessing a sustained reduction .. We are now on the threshold of the totalitarian regime and destroy the institutions that have a role in Iraq's progress .. Heading the government is not fortuitous but was preceded by information campaigns on the bank. "
With respect to actions taken by the Finance Committee stressed in force as will be discussed in Today's meeting, also called the central bank to file a lawsuit before the Federal Court to overturn this decision, and pointed out that "the decision of the Court in the earlier grant under which the government the power to appoint the central bank governor, but he was not allowed to intervene in the Bank's policies and technical issues."
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8/4/2012 | (Voice of Iraq)
BAGHDAD / menopausal Hossam Sam - long revealed the Finance Committee representative for a book issued by the General Secretariat of the Council of Ministers addressed to the Central Bank warns him of the adoption of policies without reference to the government, which was considered by the blatant interference in the work of independent bodies, confirming the discussion of this trend in its which will be held on Sunday.
A member of the Committee Faleh force, "The book was issued by the Secretariat of the Council of Ministers on 15 March is considered as interference explicitly in the functions of the Central Bank shows the government's desire to acquire independent bodies through excess material explicit to the Constitution."
And the transfer of force in interview with the (range) yesterday about the book is read "the basis of Article (110 / III) of the Constitution of the Republic of Iraq, which pointed out that the terms of reference of the federal authorities exclusive formulating monetary policy and the establishment of the Central Bank and its management .. so please provide the monetary policy of the Central Bank to Council of Ministers to inform the Council and approval and the failure to adopt policies without the approval of the Council of Ministers in the future ", following" The decision was considered the central bank one circles the Council of Ministers which is involved in the Iraqi economy and the construction of state institutions. "
In the opinion of a member of the Finance Committee that the Constitution was clear in defining the role of independent bodies, especially the Central Bank and acting as formulating monetary policy, "The orientation of the government will weaken international confidence in the Central Bank." And the devious intent of the government behind the decision returned in force for two reasons, noting that "the first of the budget exceeded the reserve .. It seemed so obvious in the budget of 2011, when I tried to benefit from the $ 5 billion."
"They do not know the importance of the reserve which is the strength of Iraq's economic .. such a mentality of how it manages the economy, a developing and promising in the country," but the other reason, it was attributed in force to "overthrow, led by the Central Bank of the current, which is the subject of a tribute from all the international organizations relevant, although some parties dominating the political decision to try to replace them with others loyal to specific parties. "
Warned a member of the Finance Committee "that such a measure would give the government policy is added to its counterparts failed .. They (the government) have failed in the fight against poverty and the provision of services as well as the electricity issue which is witnessing a sustained reduction .. We are now on the threshold of the totalitarian regime and destroy the institutions that have a role in Iraq's progress .. Heading the government is not fortuitous but was preceded by information campaigns on the bank. "
With respect to actions taken by the Finance Committee stressed in force as will be discussed in Today's meeting, also called the central bank to file a lawsuit before the Federal Court to overturn this decision, and pointed out that "the decision of the Court in the earlier grant under which the government the power to appoint the central bank governor, but he was not allowed to intervene in the Bank's policies and technical issues."
Read more: [You must be registered and logged in to see this link.]
