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Independence of the central bank .. And consultation with the Government .. Prerequisites for the success of monetary policy
11/04/2012 19:11:41
Adel Abdul Mahdi, the budget and levies are the most important tools of fiscal policy .. And currency and related tools are the most important monetary policy .. Was assigned responsibility for that fiscal policy is the Ministry of Finance .. The central bank's monetary policy as the Bank of Banks, according to the Constitution and the law of financial management, public debt, No. 95 (2004 Amendment) and the Central Bank Law No. 56 (2004 Amendment). And set of fiscal and monetary policies are under the control and approval of Parliament .. Valmoisna prepared by the government and discussed in Parliament and acknowledge .. also do not impose taxes and fees are not adjusted or levied or exempted except by a law (Constitution 28) .. The central bank is responsible to the House of Representatives (103). relationship document between the financial and political cash, and actually select the Bank Act (Article 24) consultation and cooperation in the periodic meetings regularly with government officials to exchange information and opinions about the possibility of coordination of monetary and fiscal policies, including the presence of the Governor meetings of the Council of Ministers of the relationship. The government (Ministry of Finance) implement fiscal policy under the laws and regulations. select the other hand the Constitution and the law direct responsibility of the bank for monetary policy. I knew his powers as clearly developed a series of prohibitions to prevent any violation of its independence as a nation of financial assets maintained and not just the government's money. Granted him - for example - the right to issue currency and the granting of licenses for banks and control, including the government .. and to prevent its law (Article 26) lending to the government .. Ward to assume the debts of the State which is a common policy among nations. Prevented the Bank Act of Iraq's money is still protected by the reservations of debt .. Days, which amounted to $ 140 billion spending power because of the policies and reckless desire of governments to lay hands on the country's financial assets and reserves .. and that any violation of the independence of the Bank's base necessarily mean the possible fall of those assets subject to booking .. Not to mention the turmoil series of exchange rates and the serious consequences inherent in this nationally. and without neglecting the negatives, but the success of the Central Bank - in cooperation with the Ministry of Finance - in the reduction of inflation to settle at the numbers unilateralism .. And debt reduction, interest rates and currency stability and increase the reserves of the case of a negative to more than $ 60 billion, is one of the fruits of the independence of the bank and uphold the Constitution and laws .. and that any tampering or exceed the independence of the Central Bank, and link without Parliament, is the risk not to the bank, but rather on the country as a whole.
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11/04/2012 19:11:41
Adel Abdul Mahdi, the budget and levies are the most important tools of fiscal policy .. And currency and related tools are the most important monetary policy .. Was assigned responsibility for that fiscal policy is the Ministry of Finance .. The central bank's monetary policy as the Bank of Banks, according to the Constitution and the law of financial management, public debt, No. 95 (2004 Amendment) and the Central Bank Law No. 56 (2004 Amendment). And set of fiscal and monetary policies are under the control and approval of Parliament .. Valmoisna prepared by the government and discussed in Parliament and acknowledge .. also do not impose taxes and fees are not adjusted or levied or exempted except by a law (Constitution 28) .. The central bank is responsible to the House of Representatives (103). relationship document between the financial and political cash, and actually select the Bank Act (Article 24) consultation and cooperation in the periodic meetings regularly with government officials to exchange information and opinions about the possibility of coordination of monetary and fiscal policies, including the presence of the Governor meetings of the Council of Ministers of the relationship. The government (Ministry of Finance) implement fiscal policy under the laws and regulations. select the other hand the Constitution and the law direct responsibility of the bank for monetary policy. I knew his powers as clearly developed a series of prohibitions to prevent any violation of its independence as a nation of financial assets maintained and not just the government's money. Granted him - for example - the right to issue currency and the granting of licenses for banks and control, including the government .. and to prevent its law (Article 26) lending to the government .. Ward to assume the debts of the State which is a common policy among nations. Prevented the Bank Act of Iraq's money is still protected by the reservations of debt .. Days, which amounted to $ 140 billion spending power because of the policies and reckless desire of governments to lay hands on the country's financial assets and reserves .. and that any violation of the independence of the Bank's base necessarily mean the possible fall of those assets subject to booking .. Not to mention the turmoil series of exchange rates and the serious consequences inherent in this nationally. and without neglecting the negatives, but the success of the Central Bank - in cooperation with the Ministry of Finance - in the reduction of inflation to settle at the numbers unilateralism .. And debt reduction, interest rates and currency stability and increase the reserves of the case of a negative to more than $ 60 billion, is one of the fruits of the independence of the bank and uphold the Constitution and laws .. and that any tampering or exceed the independence of the Central Bank, and link without Parliament, is the risk not to the bank, but rather on the country as a whole.
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