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D. Full Adhadh *: Call for insight on the charges against Mr. Iraqi Central Bank Governor She also continued my colleagues in the network of Iraqi economists correspondence and accusations various orbiting professional and perhaps prudent management organization the CBI, which is actually institution was very important and have a central role in the management and development of the Iraqi economy, Fteraht our observations, we want your participation by;
First, when show-held views concerning performing a public institution, should be established argument and evidence on each accusation mistake or stumbled or failed administrative within data substantive performance on the ground and the impact of the results of harm to the public interest, or are corrupt or ignorant Okhtala in the implementation of duties specialized technical for this institution and its role in achieving the objectives set forth in the law or that توجبها nature specialized technical functioning, a task known to such institutions should play a role entirely effective to maintain price stability and exchange rate appropriate and organizing banking services and management of foreign currency, as well as play an important role in guiding bank credit to finance the national production to increase capital accumulation national and perhaps of the tireless contribution of indirect in the development of the productive sectors of local non-oil, and the development of non-oil exports, not only to finance imports only, including rentier perpetuates the situation of the Iraqi economy. Regardless of personal central bank governor, should provide evidence and information installed on the Bank's activities in this regard, because the public interest so requires, and not because someone has a personal position or I think about the capabilities and qualifications of the central bank governor, these things identify in the light of the results of the performance and brightness directory on corruption, in whatever form or degree or nature, and regardless of our emotions and our personal relationship with Mr. central bank governor, and even regardless of whoever qualifying scientific and known for when some of the gentleness of ethics and civilized behavior, decisions of administrative and technical specialist taken by the governor or be in the analysis The latter is primarily responsible is the only axis of the calendar and the accusation, if any. And must form this base without other considerations that must be invoked when a calendar or charges, whether those related to, in this case, the central bank or to other state institutions
Secondly, we wish to point out that we can not go into some of the Coming of the accusations of the Central Bank or to Mr. Governor and some of his advisers or his staff, most are, as they seem, opinions and assumptions, and even charges thrown without grounds concrete, not arguments documented, some attributed it to the lack devote the governor and his time to working within the Central Bank, because of his permanent outside Iraq, and so on. The scramble these accusations and become perceptions wrong when investigating the facts and identify the mechanism and pattern or style decision-making that followed the governor, but there is accusation hesitate from more than one source, and not just as claims of some bankers in their messages, which is that weekly sessions convened by the Central Bank to sell the dollar U.S. up to between fifty to two hundred million dollars per session daily during the five days of each week, and of course will these amounts to several billion annually, although there beneficiaries for illicit purposes and not according to economic purposes, or according to the criteria that must be followed by the Bank to manage foreign currency and maintain the level of reserve, in support of the Iraqi economy. But this situation can prove or disprove it, perhaps smoothly through the investigation and case studies on the reality in meetings set up or review the records and standards, and comparing the results, any knowledge of quantities and Okiem imported goods for dollars sold for this purpose, can also check all types of sales of dollars by purposes for which it was sold, and possibly investigate the identities and the nature of the actors and the characters that sold them dollars. Does not constitute such an investigation a challenge to the integrity of the bank or the governor, The House of Representatives has the right to do so as a representative of the people and the supervisor institutionally or legally on the central bank. The results come compelling in favor of the bank and the governor should not be embarrassed by the bank of this kind of accountability and transparency
Thirdly, we have a subjective opinion regarding CONNECT central bank in the House of Representatives. I think that this council has, typically, politicians rather than specialists and experts Nkadian, which is not the source appropriate for the bank to develop its functions development, The place is appropriate is the Council of Ministers, Vmhafez central bank in the British, (Bank of England), for example, is a member of Alkapent, any British cabinet, allowing him to post the Council, any government, in the development and implementation of fiscal and monetary programs, also can coordinate their policies and programs of the central bank with the general policy of the government, and not in isolation from it. In this logical formula has ministerial responsibility for the failures and errors performance Oisaeh in his institution. This arrangement ensures check ministerial responsibility and collective responsibility of the government together. The correlation House is ineffective in terms of career, and perhaps of the right ratify the appointment of Governor of the Bank of the Council of Ministers because of the importance office, independence of the central bank does not mean exclusivity, but full participation in the formulation of government policy because of the interdependence of organic between monetary and fiscal policies and economic the government as a whole, can not be an independent central bank entirely from the government, but in order to preserve the professional may not be the government or the Council of Ministers to intervene in the details of the work of the Central Bank, but coordinated in order to achieve the objectives of government programs approved by the Council of Representatives.
Fourth, in a democratic system administrator and not Falta, entitled to whom He pleases of citizens and professionals Write a review and observations, whatever their value, on the performance of the central bank or other state institutions, and this is a constitutional right, provided that is not based on words Almarjfah and Alaatdaúah unjustly, when Iz will be considered defamatory and prolonged illegally held accountable by law. How the case, and we at the Governor of his rehabilitation and altitude morality and patriotism and fully prepared to hear other opinions, what calls for respect of such competencies, on condition that they fall into the abyss of vanity, because any individual in it is not a template unique people specialists, they are all sons of Iraq who invested in the rehabilitation of many. It also requires professional ethical to hear opinion artistic exhibitions or raised on any issue related to some of the policies that are declared by or adopted by the central bank, as long as she is professional and scientific. For example, I am one of the people involved in the field of economy, you and I am still against the amendment Iraqi dinar exchange rate. The talk about this for too long, but, briefly say that in the interest of developing countries, especially oil rentier them, maintain a low exchange rate for its currency, so as to avoid the fall in the so-called "Dutch disease", ie caused by the high exchange rate of the local currency, and making Non-oil exports of emerging high price for export, which could lead to faltering growth. Hence we are not in favor of the deletion of zeros from the Iraqi dinar, because it analyzes the latter will raise the exchange rate in the market. I think that discussions of this kind hear specialists in the Central Bank and Atanon to study its implications.
And it must be stressed conclusion that the substantive debate and scientific is a healthy phenomenon and required, but slander and insults is backwardness and ignorance. I personally I have had a personal friendship with Dr. Sinan since more than thirty years, and respect Rsanth and Almath and good manners, but this does not prevent me from discussion of the Bank's policy that may oppose each other sometimes. And must be objectively indicate one which discusses the Bank's policies positive aspects and successes achieved by the bank on the ground. Stability relative, during the years after the invasion, in prices and exchange rate, with some exceptions, and the escalation of reserves in foreign currency and rationing requests Aljkumh for more use of foreign currency and / or increasing the money supply local implementation of policies rentier harmful, these are all recorded for the benefit of the bank's policies Central under the direction of Dr. Shabibi.
* Economic adviser previously worked in the Ministry of Planning in the ESCWA in the Gulf Organization for Industrial Consulting
Network Allaguetsadan Iraqis, 09/06/2012
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First, when show-held views concerning performing a public institution, should be established argument and evidence on each accusation mistake or stumbled or failed administrative within data substantive performance on the ground and the impact of the results of harm to the public interest, or are corrupt or ignorant Okhtala in the implementation of duties specialized technical for this institution and its role in achieving the objectives set forth in the law or that توجبها nature specialized technical functioning, a task known to such institutions should play a role entirely effective to maintain price stability and exchange rate appropriate and organizing banking services and management of foreign currency, as well as play an important role in guiding bank credit to finance the national production to increase capital accumulation national and perhaps of the tireless contribution of indirect in the development of the productive sectors of local non-oil, and the development of non-oil exports, not only to finance imports only, including rentier perpetuates the situation of the Iraqi economy. Regardless of personal central bank governor, should provide evidence and information installed on the Bank's activities in this regard, because the public interest so requires, and not because someone has a personal position or I think about the capabilities and qualifications of the central bank governor, these things identify in the light of the results of the performance and brightness directory on corruption, in whatever form or degree or nature, and regardless of our emotions and our personal relationship with Mr. central bank governor, and even regardless of whoever qualifying scientific and known for when some of the gentleness of ethics and civilized behavior, decisions of administrative and technical specialist taken by the governor or be in the analysis The latter is primarily responsible is the only axis of the calendar and the accusation, if any. And must form this base without other considerations that must be invoked when a calendar or charges, whether those related to, in this case, the central bank or to other state institutions
Secondly, we wish to point out that we can not go into some of the Coming of the accusations of the Central Bank or to Mr. Governor and some of his advisers or his staff, most are, as they seem, opinions and assumptions, and even charges thrown without grounds concrete, not arguments documented, some attributed it to the lack devote the governor and his time to working within the Central Bank, because of his permanent outside Iraq, and so on. The scramble these accusations and become perceptions wrong when investigating the facts and identify the mechanism and pattern or style decision-making that followed the governor, but there is accusation hesitate from more than one source, and not just as claims of some bankers in their messages, which is that weekly sessions convened by the Central Bank to sell the dollar U.S. up to between fifty to two hundred million dollars per session daily during the five days of each week, and of course will these amounts to several billion annually, although there beneficiaries for illicit purposes and not according to economic purposes, or according to the criteria that must be followed by the Bank to manage foreign currency and maintain the level of reserve, in support of the Iraqi economy. But this situation can prove or disprove it, perhaps smoothly through the investigation and case studies on the reality in meetings set up or review the records and standards, and comparing the results, any knowledge of quantities and Okiem imported goods for dollars sold for this purpose, can also check all types of sales of dollars by purposes for which it was sold, and possibly investigate the identities and the nature of the actors and the characters that sold them dollars. Does not constitute such an investigation a challenge to the integrity of the bank or the governor, The House of Representatives has the right to do so as a representative of the people and the supervisor institutionally or legally on the central bank. The results come compelling in favor of the bank and the governor should not be embarrassed by the bank of this kind of accountability and transparency
Thirdly, we have a subjective opinion regarding CONNECT central bank in the House of Representatives. I think that this council has, typically, politicians rather than specialists and experts Nkadian, which is not the source appropriate for the bank to develop its functions development, The place is appropriate is the Council of Ministers, Vmhafez central bank in the British, (Bank of England), for example, is a member of Alkapent, any British cabinet, allowing him to post the Council, any government, in the development and implementation of fiscal and monetary programs, also can coordinate their policies and programs of the central bank with the general policy of the government, and not in isolation from it. In this logical formula has ministerial responsibility for the failures and errors performance Oisaeh in his institution. This arrangement ensures check ministerial responsibility and collective responsibility of the government together. The correlation House is ineffective in terms of career, and perhaps of the right ratify the appointment of Governor of the Bank of the Council of Ministers because of the importance office, independence of the central bank does not mean exclusivity, but full participation in the formulation of government policy because of the interdependence of organic between monetary and fiscal policies and economic the government as a whole, can not be an independent central bank entirely from the government, but in order to preserve the professional may not be the government or the Council of Ministers to intervene in the details of the work of the Central Bank, but coordinated in order to achieve the objectives of government programs approved by the Council of Representatives.
Fourth, in a democratic system administrator and not Falta, entitled to whom He pleases of citizens and professionals Write a review and observations, whatever their value, on the performance of the central bank or other state institutions, and this is a constitutional right, provided that is not based on words Almarjfah and Alaatdaúah unjustly, when Iz will be considered defamatory and prolonged illegally held accountable by law. How the case, and we at the Governor of his rehabilitation and altitude morality and patriotism and fully prepared to hear other opinions, what calls for respect of such competencies, on condition that they fall into the abyss of vanity, because any individual in it is not a template unique people specialists, they are all sons of Iraq who invested in the rehabilitation of many. It also requires professional ethical to hear opinion artistic exhibitions or raised on any issue related to some of the policies that are declared by or adopted by the central bank, as long as she is professional and scientific. For example, I am one of the people involved in the field of economy, you and I am still against the amendment Iraqi dinar exchange rate. The talk about this for too long, but, briefly say that in the interest of developing countries, especially oil rentier them, maintain a low exchange rate for its currency, so as to avoid the fall in the so-called "Dutch disease", ie caused by the high exchange rate of the local currency, and making Non-oil exports of emerging high price for export, which could lead to faltering growth. Hence we are not in favor of the deletion of zeros from the Iraqi dinar, because it analyzes the latter will raise the exchange rate in the market. I think that discussions of this kind hear specialists in the Central Bank and Atanon to study its implications.
And it must be stressed conclusion that the substantive debate and scientific is a healthy phenomenon and required, but slander and insults is backwardness and ignorance. I personally I have had a personal friendship with Dr. Sinan since more than thirty years, and respect Rsanth and Almath and good manners, but this does not prevent me from discussion of the Bank's policy that may oppose each other sometimes. And must be objectively indicate one which discusses the Bank's policies positive aspects and successes achieved by the bank on the ground. Stability relative, during the years after the invasion, in prices and exchange rate, with some exceptions, and the escalation of reserves in foreign currency and rationing requests Aljkumh for more use of foreign currency and / or increasing the money supply local implementation of policies rentier harmful, these are all recorded for the benefit of the bank's policies Central under the direction of Dr. Shabibi.
* Economic adviser previously worked in the Ministry of Planning in the ESCWA in the Gulf Organization for Industrial Consulting
Network Allaguetsadan Iraqis, 09/06/2012
[You must be registered and logged in to see this link.]
