Home
[Where] published the text of a message to Maliki about Najafi Central Bank of Iraq
Tuesday, April 10 / April 2012 15:37
[Baghdad - where]
Obtained by all of Iraq [where] on Tuesday, a copy of the text of the letter sent by House Speaker Osama Najafi to Prime Minister Nuri al-Maliki on Iraqi Central Bank, which Najafi between the functions and duties of this bank, which is one of the independent institutions.
According to the text message:
"Referring to the book the General Secretariat of the Council of Ministers of a number [s / 2/26/10274] on 15 / March / 2012."
I / We have keen Iraqi constitution the most concern for the independence of the central bank to the degree of the text on its association with the power of the authorities which Mapenth pyrogen Federal in its view of a number [228 / T / 2006] on 9 / October / 2006 [that the commission is subject to the control of the House of Representatives in the performance of these tasks if the departed, or been overtaken by the House of Representatives has its own accountability and take appropriate action in that it means so that this body [the Integrity Commission] self-managed, according to law, like the central bank, which has this independence to enable him to perform his duties without interference from one of the parties.
This meaning is included in Annex [1] Baleghanonno. [56] [Central Bank Law issued by the Coalition Provisional Authority], which stated that he [would not receive the CBI instructions from any entity or person or institution, including government institutions and will respect the independence of the Central Bank of Iraq and can not be anyone of influence and improper for any member of the decision-making body in the Central Bank of Iraq during the performance of his duties in the bank, or to interfere in the activities of the Iraqi Central Bank.
Secondly / the article [110] of the Constitution, which included the jurisdiction of the [drawing political financial and customs and the issue of currency ... and draw a monetary policy and the establishment of the Central Bank, and his administration] had orders of the federal authorities without the jurisdiction of the Council of Ministers that the evidence for that is that some of the stated in these terms of reference is the prerogative of the House of Representatives the undisputed establishment of the Central Bank to Nokia, but the law is the prerogative of the House of Representatives.
Third / Article [66] of the Constitution on executive power shall consist of the Federal President of the Republic and the Council of Ministers shall exercise its powers under the Iraqi constitution] Therefore, the Council of Ministers shall exercise his powers under the Constitution and the law that shows these powers that are not of the Council of Ministers be extended to other which is not fee, including monetary policy.
IV / in accordance with Annex No. 1 Law No. 56 [Law of the Central Bank of Iraq issued Sulthalaútlav], the formulation and implementation of monetary policy and the development and defining the goal of policy is a function of the central bank, which in terms of Article 103 / II of the Constitution shall be responsible for their performance is directly responsible to the House of Representatives, and not The bank in this area only to consult with the government and exchange information and views on the consistency of monetary and fiscal policies both within the scope of their responsibilities. "
Therefore, interference in the work of the Central Bank of Iraq is a violation of the phenomenon of the provisions of the Constitution, which guaranteed its independence on the one hand and out the laws that have shown the powers of the federal authorities including the Council of Ministers and independent bodies on the other, with the need to take into account that any failure in this policy will be a central bank official him to the House of Representatives direct responsibility as the competent authority responsible for this policy.
[You must be registered and logged in to see this link.]
