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Deputy for subjecting the Iraqi Central Bank to control the government Sevkdh independence by the Constitution
Wednesday, April 11 / April 2012 10:00
{Baghdad. Euphrates News} MP for the Iraqi List, Qusai al-Abadi said the central bank subject to government control Sevkdh independence by the Constitution ..
And detection of deputies in the parliament of the existence of a book issued by the Secretariat of the Council of Ministers on March 15 addressed to the Governor of Central Bank of Iraq that includes the monetary policy of the government functions exclusively.
Abadi said, told the Euphrates {News} "There are bodies in the Iraqi constitution, an independent part of which is the central bank is responsible for policy in the corner of the country the financial or monetary."
He noted that "If, however, is controlled by the government will impose Velsatrh attic attic instructions and Nokia have the independence and the related currency and foreign relations," noting that "when McCann of the Central Bank independence, it will be more mature in fiscal policy"
The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul, where established bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign reserves and the issuance of and currency management, as well as the organization of the banking sector.
The main Manmam Central Bank in managing monetary policy in the country and raise the level of the values of the Iraqi dinar and tackle inflation. . ended
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