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Parliamentary Economic: Linking the Central Bank of the government and dangerous phenomenon than the Constitution
On: Wednesday 11/4/2012 9:31
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Baghdad / term
A member of the parliamentary Economic Committee that "make the central bank is linked to the government to try to bypass the Iraqi capital and the balance in the sovereign internal transfers and internal stability, and the dominance of the central bank by the government."
A member of the Committee Mahma Khalil told all of Iraq, yesterday, said that "Parliament will have a word in this matter, and will not pass it unnoticed to the Council," asserting that "connect the bank's government, a dangerous phenomenon and override the Constitution and the will of the Iraqi people."
, he added " accordance with the Constitution, the central bank an independent body linked to the Council of Representatives shall not encroach upon the Constitution, respect and duty, on all aspects of the Iraqi state, "noting," We are working on the principle of separation of powers. "
and that "the central bank of a body with management and independent policy and no one interfere their affairs but they are subject to Parliament, which is his constitutional right to withdraw trust them and that is hosting the presidency and questioned, "noting that he" is not permissible for the executive to interfere in the work of the Central Bank because it would have a negative balance of the sovereign and the policy of the Iraqi dinar and public money. "
He pointed out that the "figures in the bank is the characters (the revelations economic) have efficiency and the Council supported and appreciated their role very large in the stability of the Iraqi dinar, and to provide financial cover for the Iraqi market."
The President of the House of Representatives Osama Najafi said during a session of the House of Representatives, on Saturday, expressed " letter sent by him to Prime Minister Nuri al-Maliki, demanding that non-interference in matters of the Central Bank and the statement of the functions and duties of this bank, which is one of the independent institutions. "
The representative of the reference in Karbala, Abdul Mahdi al-Karbalai had praised in one of the axes of his sermon, last Friday, B "Fiscal policy of the Central Bank of Iraq," calling to "support and maintain its independence in order to increase the value of Iraqi dinar against other currencies, and to support the purchasing power of the Iraqi citizen," pointing out that "the Iraqi Central Bank to its policy of professional, scientific, he was able to preserve the value of the Iraqi currency since year 2003. "
The Federal Supreme Court issued a decision in January 18 in 2011, provides for attachment to independent bodies referred to in the Iraqi constitution, prime minister directly, and not under the chairmanship of the House of Representatives.
The decision came at the request of the Cabinet Office to the Federal Court on 2 December of last year, to reflect the destination of the link.
The Central Bank of Iraq criticized in a statement the decision of the Federal Court decision to link independent bodies under the chairmanship of Minister and not under the chairmanship of the parliament, noting that the decision poses a threat to Iraqi funds.
included Chapter IV of the Constitution of the Republic of Iraq for the year 2005 , independent bodies, within the material (102 to 108), the promise of the Constitution in Article (102) both of the UN High Commissioner for Human Rights, and the Electoral Commission for elections, and the Integrity Commission, independent bodies are in their work to the control of the House of Representatives, and thus linked to these bodies the highest reference legislative in the Iraqi state, and is organizing its law issued by the Council of Representatives.
The earlier Federal Court decision reactions by political blocs, where he called the Kurdistan Alliance, last Thursday, the Federal Court decision of "unsuccessful", adding that it Centqs the independence of the work of these bodies. Also considered the Iraqi List, in the words of spokesman Haidar al-Mulla this decision a coup against the Constitution, demanding Presidency of the Council of Representatives and leaders of political blocs to take a firm stand to protect democracy in Iraq.
the text of the law set in 2004 by U.S. civil administrator Paul Bremer, the independence of the central bank, and the granting of law, the bank the task of ensuring price stability at home, and building a stable financial system and a competitive market-based, in order to promote sustainable growth and employment and prosperity in Iraq.
[You must be registered and logged in to see this link.]
On: Wednesday 11/4/2012 9:31
[You must be registered and logged in to see this image.]
Baghdad / term
A member of the parliamentary Economic Committee that "make the central bank is linked to the government to try to bypass the Iraqi capital and the balance in the sovereign internal transfers and internal stability, and the dominance of the central bank by the government."
A member of the Committee Mahma Khalil told all of Iraq, yesterday, said that "Parliament will have a word in this matter, and will not pass it unnoticed to the Council," asserting that "connect the bank's government, a dangerous phenomenon and override the Constitution and the will of the Iraqi people."
, he added " accordance with the Constitution, the central bank an independent body linked to the Council of Representatives shall not encroach upon the Constitution, respect and duty, on all aspects of the Iraqi state, "noting," We are working on the principle of separation of powers. "
and that "the central bank of a body with management and independent policy and no one interfere their affairs but they are subject to Parliament, which is his constitutional right to withdraw trust them and that is hosting the presidency and questioned, "noting that he" is not permissible for the executive to interfere in the work of the Central Bank because it would have a negative balance of the sovereign and the policy of the Iraqi dinar and public money. "
He pointed out that the "figures in the bank is the characters (the revelations economic) have efficiency and the Council supported and appreciated their role very large in the stability of the Iraqi dinar, and to provide financial cover for the Iraqi market."
The President of the House of Representatives Osama Najafi said during a session of the House of Representatives, on Saturday, expressed " letter sent by him to Prime Minister Nuri al-Maliki, demanding that non-interference in matters of the Central Bank and the statement of the functions and duties of this bank, which is one of the independent institutions. "
The representative of the reference in Karbala, Abdul Mahdi al-Karbalai had praised in one of the axes of his sermon, last Friday, B "Fiscal policy of the Central Bank of Iraq," calling to "support and maintain its independence in order to increase the value of Iraqi dinar against other currencies, and to support the purchasing power of the Iraqi citizen," pointing out that "the Iraqi Central Bank to its policy of professional, scientific, he was able to preserve the value of the Iraqi currency since year 2003. "
The Federal Supreme Court issued a decision in January 18 in 2011, provides for attachment to independent bodies referred to in the Iraqi constitution, prime minister directly, and not under the chairmanship of the House of Representatives.
The decision came at the request of the Cabinet Office to the Federal Court on 2 December of last year, to reflect the destination of the link.
The Central Bank of Iraq criticized in a statement the decision of the Federal Court decision to link independent bodies under the chairmanship of Minister and not under the chairmanship of the parliament, noting that the decision poses a threat to Iraqi funds.
included Chapter IV of the Constitution of the Republic of Iraq for the year 2005 , independent bodies, within the material (102 to 108), the promise of the Constitution in Article (102) both of the UN High Commissioner for Human Rights, and the Electoral Commission for elections, and the Integrity Commission, independent bodies are in their work to the control of the House of Representatives, and thus linked to these bodies the highest reference legislative in the Iraqi state, and is organizing its law issued by the Council of Representatives.
The earlier Federal Court decision reactions by political blocs, where he called the Kurdistan Alliance, last Thursday, the Federal Court decision of "unsuccessful", adding that it Centqs the independence of the work of these bodies. Also considered the Iraqi List, in the words of spokesman Haidar al-Mulla this decision a coup against the Constitution, demanding Presidency of the Council of Representatives and leaders of political blocs to take a firm stand to protect democracy in Iraq.
the text of the law set in 2004 by U.S. civil administrator Paul Bremer, the independence of the central bank, and the granting of law, the bank the task of ensuring price stability at home, and building a stable financial system and a competitive market-based, in order to promote sustainable growth and employment and prosperity in Iraq.
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