Wednesday - 11 April 2012
Najafi send a message to the Prime Minister shows the functions and duties of the Central Bank and prepared by the independent institutions that are not subject to any of the three powers (archive)
Baghdad - The World
Mahma said Khalil is 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 that "Parliament will have a word in this matter it will not pass unnoticed to the Council," stressing that "the government to link the bank and overcome the serious phenomenon of the Constitution and the will of the Iraqi people."
He added that "according to the constitution, the central bank an independent body linked to the Council of Representatives shall not encroach upon the Constitution and respect the duty of all joints 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 with their affairs that it is subject to Parliament, which is his constitutional right to withdraw trust them and that Istziv presidency and questioned them," adding that "he is not permissible for the executive to interfere in the work of the central bank to contain it because it will negatively impact to balance the policy of the sovereign and the Iraqi dinar and public money. "
He pointed out that "the figures in the bank to have the efficiency and the Council and supported by the very large values the role in the stability of the Iraqi dinar and to provide financial cover for the Iraqi market."
The representative of the reference in Karbala, Abdul Mahdi al-Karbalai praised in one of the axes of his sermon last Friday to "financial policy of the Central Bank of Iraq," calling to "support and maintain its independence in order to increase the value of the Iraqi dinar against other currencies and to support the purchasing power of the Iraqi citizen," pointing to the "The Central Bank of Iraq to its policy and scientific career he was able to preserve the value of the Iraqi currency since 2003."
And obtained by all of Iraq on Tuesday a copy of the text message sent by the Chairman of the House of Representatives Osama Najafi to Prime Minister Nuri al-Maliki on Iraqi Central Bank, which between them Najafi functions and duties of this bank, which is one of the independent institutions. According to the text message: "a reference to the book General Secretariat of the Council of Ministers No. S / 2/26/10274 on March 15, 2012. "
First - I was 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 the Federal Court in its opinion with a number 228 / T / 2006 dated October 9, 2006, "The body is subject to the control of the House of Representatives in the performance of these tasks If they have departed, or been overtaken by the House of Representatives has its own accountability and take appropriate action in that it means that that this body (the integrity) 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 No. 1 Law No. 56 (Central Bank Law issued by the CPA), 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 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 Central Bank of Iraq. "
Secondly - that Article 110 of the Constitution, which included the jurisdiction of the Drawing fiscal policy 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 Board Representatives undisputed establishment of the Central Bank to Nokia, but the law is the prerogative of the House of Representatives.
III - Article 66 of the Constitution on "executive power shall consist of the Federal President of the Republic and the Council of Ministers and shall exercise its powers under the Iraqi constitution" by 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 others that do not include the fee monetary policy.
Fourth - in accordance with Annex No. 1 Law No. 56 (the 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 on 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 political
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