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Deputy for the Iraqi government warns of supervision on the management of the Central Bank and describes the move as "devastating" to the bank
Tuesday, April 17 / April 2012 14:52
[Baghdad - where]
Deputy warned the Iraqi List, the introduction of the management of the Central Bank under government supervision.
The MP said Khalid al-Alwani said in a statement received by all of Iraq [where] a copy of it today that "the central bank is one of the independent bodies that are subject to the supervision of the House of Representatives because it protects the Iraqi dinar, which is the property of the people not the government."
Alwani and warned "the process of entering the Central Bank under penalty of government oversight, calling Balmadmr and very dangerous," adding that "its survival as an independent body linked to the Council of Representatives of the best linked to the executive branch."
And that "linking such important body related to the policy of the country Steering Executive would limit the orientation independent to address issues in a flexible and detailed for the problems experienced by the Iraqi economy," adding that "the government is working to create a new crisis in order to be able to connect to the Central Bank directly. "
He continued a member of the Integrity Commission, the parliamentary "The Central Bank Law of 2004 states Article II provided that it does not interfere with any party to it, especially parties, government, and Article 103 of the Iraqi Constitution states as follows, is both the Central Bank of Iraq, and the Office of Financial Supervision, and the CMC, and the endowment offices, bodies, financially and administratively independent, and the law regulates the work of each of them, and the Iraqi central bank is responsible to the House of Representatives]. "
And picked up some media reports about the intention of official bodies to link management of the government and central bank governor to replace the current Shabibi former Minister of Planning Ali Baban.
The Chairman of the House of Representatives Osama Najafi said during a session of parliament for the last "letter sent by him to Prime Minister Nuri al-Maliki urging him not to interfere in the matters of the Central Bank, and showed the message functions and duties of this bank, which is one of the independent institutions."
And denied the Secretary General of the Council of Ministers on the Keywords in a statement asked the government to link the central bank by the government is trying to coordinate positions with the Central Bank in order to avoid damage to the citizen and the national economy and the law of the Central Bank is a bank consultant and a bank and agent financially for the government and within the responsibilities of the exchange of information and opinions and policy coordination cash in accordance with Article 24 of the Bank Act as demanded by the government.
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