Home
Parliamentary sources: the central bank an independent body and can not be its association with the Council of Ministers
On: Saturday 04/14/2012 7:27
Baghdad / term follow-up
, member of the Economic Committee in Parliament MP Abdul-Abbas estrus Iraqi constitution granting the central bank full independence is not entitled to a interference in its affairs, noting that the Constitution gives the right of coordination between the government and the central bank and government control is not complete it.
The estrus (of the Agency news): The Central Bank is an independent body financially and administratively nor can any other party to put under its control as stipulated by the Central Bank Law No. (66) for the year (2004), while Article (24) of Law No. (56 ) for the year (2004) authorized the central bank and government coordination in the monetary policy among themselves, and also granted the Cabinet the right to call the Governor of the Central Bank or any member of the Bank for the purpose of discussion in matters of monetary policy of the country provided it does not interfere with the federal government the contents of the work of the Central Bank.
added : If the opinion of the government to coordinate with the Central Bank to consult on the conditions of monetary policy in the country this matter well and calls him the Iraqi constitution, but if the view dependency and to impose full control of it, this is rejected by everyone because it is inconsistent with the Constitution of Iraq.
This has called for the prime minister attachment the central bank under his control through walking its affairs fiscal and monetary in the country.
In the meantime, accused the Central Bank of speculators in the currency market attempts of illicit enrichment through the exploitation of crises experienced by some neighboring countries and the smuggling of hard currency to it that are harmful to the value of Iraqi dinar, saying that the value of the last strong possession of an arsenal of the U.S. dollar.
Deputy Governor of the Central Bank of the appearance of Mohammed's "Twilight News" that "the reasons for the rise of foreign currency lately, is the presence of some of the speculators who took advantage of the crises in Iran and Syria, and smuggled hard currency to it."
said "We have taken several measures, including that all of the required foreign exchange and working in the private sector offers an account of annual tax shows the economic activity, as well as we have decided to provide the money changers young foreign currency every 15 days to allow travelers to buy foreign currency and dosage information."
It is said that central bank sales Iraq in the auction for the sale of foreign currency, last Wednesday, have risen dramatically registered the amount of $ 151 million, compared to 117 million the previous meeting, at an exchange rate based on 1166 dinars per dollar. The bulletin issued by the Central Bank, and received "Twilight News" a copy of which, that the total volume of demand for the dollar stood at 151 million and 97 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars per dollar.
Salih stressed "there is no fear of falling dinar against foreign currency, because there are huge reserves of U.S. dollar in the Central Bank of Iraq . "
The central bank held the Iraqi auction of five meetings a week from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission on the sale monetary amount of 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.
[You must be registered and logged in to see this link.]
