Home
Financial representative: the Federal Government is trying to dominate the monetary policy of the Central Bank of Iraq
08/04/2012 10:57
Baghdad, April 8 (aknews) – the parliamentary Financial Committee criticized today, Sunday, the General Secretariat of the Council of Ministers and their attempts to dominate the monetary policy of the Central Bank of Iraq and curb the powers of counties, saying it violates the Constitution and a threat to the Iraqi economy.
Member of Committee for Kurdistan Faleh applicable news (aknews) that "the Cabinet wants to push monetary policy within the terms of reference also adopted some policies failed as file services and electricity and some other service aspects," adding that "there are attempts to interfere in the work of the Central Bank as an independent body responsible for monetary policy of the Republic of Iraq."
The applicable "there is a new book issued by the Secretariat addressed the Governor that could not only monetary policy draws through the decisions of the Council of Ministers, and this involvement and a new Constitution and exceeded its monetary policy," he said, adding that "If the Government intervened with monetary policy, there will be a major threat to the Iraqi economy looming on the horizon and the independence of its independent powers which the Constitution explained the duties of each of them".
Described in "this book great breach and infringement on public money, and the first step to override the existing cash reserves at the Central Bank, so that the global confidence in the Iraqi economy monetary policy based on the size of this reserve".
"The Government is blatant interference in this part," he said, adding that "some of the decisions of the Federal Court is not correct when she said that the Central Bank is linked to the Government in the administrative side, but the Central Bank Act says that the Bank is directly responsible for the monetary policy of the country."
[You must be registered and logged in to see this link.]
