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Deputy Central Bank Governor: There are blurred in the understanding of partnership with the Government of the Central Bank
12/06/2012 18:14
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh said that there is a hazy understanding of the central bank file a partnership with the government.
He said in a press statement that there is a leap of faith from the government and central bank independence of Parliament, but there is a lack of understanding or foggy in the partnership and the value of the independence of the Central Bank unless a partner of the government as a guardian of public money. "
He continued, "our understanding of the partnership is through our membership of the Committee on Economic Affairs, and it seems that such a framework of partnership is not sufficient, partnership framework should take another level of partnership with the government should grow up."
Saleh explained that "the current phase need to continue to ring with the government or a point of understanding that the parties not accompanied by this thing."
He noted that the central bank as meet with the Economic Committee in Parliament, must meet with the government on a broader framework. "
He believed that it strengthens or weakens central bank independence is not an infringement of the government to the central bank, as there must be an atmosphere of mutual understanding in the public interest, he says.
It is noteworthy that Iraq declared earlier to postpone the program for restructuring the financial system until the year 2013, which included the restructuring of the largest banks owned by the state and are good and Mesopotamia, and the restructuring of Audit Department at the Central Bank and the development of the private banking sector.
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12/06/2012 18:14
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh said that there is a hazy understanding of the central bank file a partnership with the government.
He said in a press statement that there is a leap of faith from the government and central bank independence of Parliament, but there is a lack of understanding or foggy in the partnership and the value of the independence of the Central Bank unless a partner of the government as a guardian of public money. "
He continued, "our understanding of the partnership is through our membership of the Committee on Economic Affairs, and it seems that such a framework of partnership is not sufficient, partnership framework should take another level of partnership with the government should grow up."
Saleh explained that "the current phase need to continue to ring with the government or a point of understanding that the parties not accompanied by this thing."
He noted that the central bank as meet with the Economic Committee in Parliament, must meet with the government on a broader framework. "
He believed that it strengthens or weakens central bank independence is not an infringement of the government to the central bank, as there must be an atmosphere of mutual understanding in the public interest, he says.
It is noteworthy that Iraq declared earlier to postpone the program for restructuring the financial system until the year 2013, which included the restructuring of the largest banks owned by the state and are good and Mesopotamia, and the restructuring of Audit Department at the Central Bank and the development of the private banking sector.
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