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Saleh al-Mutlaq, the government non-intervention project to delete the zeros and leave it to the Central Bank
14/04/2012
BAGHDAD / JD warned Dr. Saleh al-Mutlaq, Iraqi Deputy Prime Minister of the attempts to link the Central Bank of Iraq's government and intervention for privacy, warning that this action and intervention for privacy and his powers and fiscal policy will lead to the collapse of the Iraqi currency and weaken the economy and will display the central bank money of the Holy is public money at risk. He al-Mutlaq in an official statement broadcast on his office and obtained by (JD) on the copy, "that the Iraqi government issued two positions contradictory about it, the first in which it denied its intention to bind the bank by while the situation was the second decision to postpone the process of raising the yellowing is unlawful interference in the work of the Bank's independent policy, pointing out that the Iraqi currency dropped their revenue recently to the lowest level in years. The al-Mutlaq said "the Iraqi government issued two positions officials contradictory about the central bank, pointing out that the" statement of the Iraqi government on denied its intention to connect to the Central Bank is contrary to its second resolution to postpone the process of raise zeros from the Iraqi currency. " And al-Mutlaq said "It was better to leave the subject of lifting the zeros of the Iraqi currency to the Central Bank, consultation and coordination with him being the competent authority Her experience and responsible constitutionally for the Iraqi currency," warning that "this decision reflects the government's control over central bank policy and linked to an undisclosed bank the government." Mutlaq said that "linking the central bank to hold the Iraqi government will have serious negative effects on the monetary policy the central bank independent and will affect the strength of the Iraqi currency and thus weaken its collapse and the economic situation of the country." Mutlaq said that "this action is not acceptable will of Iraq's money and its citizens money deposited in the Central Bank to the danger." Stressing that "this money is sacred, and not one has the right to endanger the public funds being." He stressed Mutlaq that "Article 103 of the Iraqi Constitution, specifically the second paragraph of this article states that" the central bank held accountable by the House of Representatives for his work and his policy. "Saying it was" not a last right to do so because it protects the public money of the country. "He al-Mutlaq that "the central bank is responsible to manage approximately $ 100 billion of imports of the government, banks and cash reserves of the country." and warned al-Mutlaq said that "respect for the independence of the independent bodies in the country and especially the Central Bank is part of a democratic new Iraq that must be respected by all the political blocs being the largest financial institution in Iraq. "He al-Mutlaq said that" attempts to link the Central Bank of Iraq's government would send a negative message to international banks, particularly the International Monetary Fund and the World Bank, which confirms the independence of the policy of the Iraqi Central Bank and considers that his money is sacred. "It is noteworthy that the central bank intends to start the execution of the deletion of three zeros from the Iraqi dinar early next year in order to block the Iraqi monetary feminine, in addition to printing small and large groups to suit the requirements of handling cash in Iraq.
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14/04/2012
BAGHDAD / JD warned Dr. Saleh al-Mutlaq, Iraqi Deputy Prime Minister of the attempts to link the Central Bank of Iraq's government and intervention for privacy, warning that this action and intervention for privacy and his powers and fiscal policy will lead to the collapse of the Iraqi currency and weaken the economy and will display the central bank money of the Holy is public money at risk. He al-Mutlaq in an official statement broadcast on his office and obtained by (JD) on the copy, "that the Iraqi government issued two positions contradictory about it, the first in which it denied its intention to bind the bank by while the situation was the second decision to postpone the process of raising the yellowing is unlawful interference in the work of the Bank's independent policy, pointing out that the Iraqi currency dropped their revenue recently to the lowest level in years. The al-Mutlaq said "the Iraqi government issued two positions officials contradictory about the central bank, pointing out that the" statement of the Iraqi government on denied its intention to connect to the Central Bank is contrary to its second resolution to postpone the process of raise zeros from the Iraqi currency. " And al-Mutlaq said "It was better to leave the subject of lifting the zeros of the Iraqi currency to the Central Bank, consultation and coordination with him being the competent authority Her experience and responsible constitutionally for the Iraqi currency," warning that "this decision reflects the government's control over central bank policy and linked to an undisclosed bank the government." Mutlaq said that "linking the central bank to hold the Iraqi government will have serious negative effects on the monetary policy the central bank independent and will affect the strength of the Iraqi currency and thus weaken its collapse and the economic situation of the country." Mutlaq said that "this action is not acceptable will of Iraq's money and its citizens money deposited in the Central Bank to the danger." Stressing that "this money is sacred, and not one has the right to endanger the public funds being." He stressed Mutlaq that "Article 103 of the Iraqi Constitution, specifically the second paragraph of this article states that" the central bank held accountable by the House of Representatives for his work and his policy. "Saying it was" not a last right to do so because it protects the public money of the country. "He al-Mutlaq that "the central bank is responsible to manage approximately $ 100 billion of imports of the government, banks and cash reserves of the country." and warned al-Mutlaq said that "respect for the independence of the independent bodies in the country and especially the Central Bank is part of a democratic new Iraq that must be respected by all the political blocs being the largest financial institution in Iraq. "He al-Mutlaq said that" attempts to link the Central Bank of Iraq's government would send a negative message to international banks, particularly the International Monetary Fund and the World Bank, which confirms the independence of the policy of the Iraqi Central Bank and considers that his money is sacred. "It is noteworthy that the central bank intends to start the execution of the deletion of three zeros from the Iraqi dinar early next year in order to block the Iraqi monetary feminine, in addition to printing small and large groups to suit the requirements of handling cash in Iraq.
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