Shabibi: the independence of the Central Bank of the umbrella of a protector of state funds : by girly girl

Shabibi: the independence of the Central Bank of the umbrella of a protector of state funds, by girlygirl


Baghdad (news) .. called Central Bank Governor Sinan Shabibi bank independence because the umbrella of a protector of state funds. Shabibi said to contact the Agency (news): "The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds,"
Afterthought: "But the government has to understand that the Bank of isolated them, but rather we are working with the market and the government significantly."
He Shabibi: can not separate the government and the central bank because the importance of monetary policy depends according to the law on cooperation with the government. He noted that the basis of the economy, the Bank is to fight inflation, which happen because the government or the private sector, and works on the application of monetary policy both in the interest rates to stabilize the growth and support for banks in crisis through direct coordination.
And Shabibi: The central bank is following up the government budget allocations in order to adjust the exchange rate and reduce the processing imbalance .. / Finished / (3. T. M)
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***[BondLady] i think its basically sayin the cbi is in control

[BondLady] an the cbi is in control of the dfi money

[BondLady] an what its used for

[BondLady] an they are workin with the gov on projects

[BondLady] an the cbi must stay independant of the gov but will work with it but not be controlled by it

[BondLady] the gov had to pass a law to bring in the new currency

[BondLady] but the cbi is in charge of the exchange rate

[BondLady] bout it imo ***

this is an old article, date is On: Tuesday 08/02/2011 13:23
February 8, 2011

mollie09 wrote:this is an old article, date is On: Tuesday 08/02/2011 13:23
February 8, 2011

Looks like currencynewshound has it posted as 8-2-2011 and its dated august 4th. could it be recycled?!

here is another link stating its a new article:


Shabibi: The independence of the CBI is of great significance because it protects state funds
Posted: August 4, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
Tags: Baghdad, bank, Central bank, Central Bank of Iraq, exchange rate, Iraq, Monetary policy, Sinan Al-Shabibi

On: Tuesday 08/02/2011 13:23

Shabibi: The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds
Baghdad (news) .. Called Central Bank Governor Sinan Shabibi bank independence because the umbrella of a protector of state funds.

Shabibi said to contact the Agency (news): “The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds,”

Afterthought: “But the government has to understand that the Bank of isolated them, but rather we are working with the market and the government significantly.”

He Shabibi: can not separate the government and the central bank because the importance of monetary policy depends according to the law on cooperation with the government. He noted that the basis of the economy, the Bank is to fight inflation, which happen because the government or the private sector, and works on the application of monetary policy both in the interest rates to stabilize the growth and support for banks in crisis through direct coordination.

And Shabibi: The central bank is following up the government budget allocations in order to adjust the exchange rate and reduce the processing imbalance

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