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Najafi: non-subordination to the government's central bank prevents the seizure of Iraq's money by creditors 2012-04-11 04/11/2012
BAGHDAD / not / The head of the House of Representatives Osama Najafi, Wednesday, that the lack of subordination to the government's central bank prevents the seizure of Iraq's money or the implementation of international rules against Iraq by the creditors. وقالNujaifi said in a statement received "Agency secrets Alabgaria / not /" a copy of it today, "during a meeting with central bank governor Mohammed al-Shabibi in his office we assure that the central bank is independent and responsible according to the provisions of Article 103, paragraph 2, of the Iraqi Constitution, as well as Article 2/2 of the Law on Central Bank of Iraq 56 of 2004 which states, in order to achieve the goals of the Iraqi Central Bank and to accomplish its tasks, the Central Bank of Iraq independent and responsible as provided for by this law. Except as set contrary to this law. will not receive the CBI instructions from any entity or person or institution, including government institutions. and we will respect the independence of the Central Bank of Iraq 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 CBI. He indicated support for the House of Representatives absolute work of the Central Bank in accordance with the Constitution and the law, stressing the need to continue to the Central Bank with the parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking. For his part, attributed the conservative reasons for the high exchange rate of the dollar against the Iraqi dinar to weakness of domestic production and low exports from Iraq except oil, and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffered by some neighboring countries. stressed Nujaifi during the meeting should not be dependent central bank to the government so as to prevent the development hands on Iraq's money or the implementation of international rules issued against Iraq by the creditors. He explained that the House will host the Governor of the Central Bank at a hearing to explain the reality of the Bank's work and illustrate the issue of the exchange rate of the dollar against the Iraqi dinar and the economic conditions and monetary policy in place. The Speaker Osama Najafi said during a session of the House of Representatives on Saturday about a letter sent by him to Prime Minister Nuri al-Maliki urging him not to interfere in the matters of the Central Bank, and showed the message functions and duties of this bank, which is one of the independent institutions.
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BAGHDAD / not / The head of the House of Representatives Osama Najafi, Wednesday, that the lack of subordination to the government's central bank prevents the seizure of Iraq's money or the implementation of international rules against Iraq by the creditors. وقالNujaifi said in a statement received "Agency secrets Alabgaria / not /" a copy of it today, "during a meeting with central bank governor Mohammed al-Shabibi in his office we assure that the central bank is independent and responsible according to the provisions of Article 103, paragraph 2, of the Iraqi Constitution, as well as Article 2/2 of the Law on Central Bank of Iraq 56 of 2004 which states, in order to achieve the goals of the Iraqi Central Bank and to accomplish its tasks, the Central Bank of Iraq independent and responsible as provided for by this law. Except as set contrary to this law. will not receive the CBI instructions from any entity or person or institution, including government institutions. and we will respect the independence of the Central Bank of Iraq 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 CBI. He indicated support for the House of Representatives absolute work of the Central Bank in accordance with the Constitution and the law, stressing the need to continue to the Central Bank with the parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking. For his part, attributed the conservative reasons for the high exchange rate of the dollar against the Iraqi dinar to weakness of domestic production and low exports from Iraq except oil, and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffered by some neighboring countries. stressed Nujaifi during the meeting should not be dependent central bank to the government so as to prevent the development hands on Iraq's money or the implementation of international rules issued against Iraq by the creditors. He explained that the House will host the Governor of the Central Bank at a hearing to explain the reality of the Bank's work and illustrate the issue of the exchange rate of the dollar against the Iraqi dinar and the economic conditions and monetary policy in place. The Speaker Osama Najafi said during a session of the House of Representatives on Saturday about a letter sent by him to Prime Minister Nuri al-Maliki urging him not to interfere in the matters of the Central Bank, and showed the message functions and duties of this bank, which is one of the independent institutions.
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