A parliamentary committee: We can not intervene monetary policy until the end of elections

 
 
 

A parliamentary committee: We can not intervene monetary policy until the end of elections
BAGHDAD / Firas Majid
Carried committee of economy and investment parliamentary CBI responsibility for the collapse of the Iraqi dinar central policies are weak to manage the economic file, and has ruled out hosting the Governor of the Central Bank because of the political situation and the current security and disrupt the parliament because of the budget law, at the time saw the dinar, which increased significantly by 1235 dinars to the U.S. dollar.  Said committee member Nora Salem Albjara in the statement summarized by the "future" yesterday that the Iraqi Central Bank bears responsibility for the high exchange rate of the U.S. dollar against the obvious collapse of the Iraqi dinar, and pointed out that the central bank is independent bodies and is subject to the authority of the House of Representatives, but he is responsible for policy cash in full.
It confirmed that the policy pursued by the central bank during a recent policy to Atoakp traded in developed countries through the adoption of auctions selling the currency, which reflects the need for Iraq at the present time to the investment and project financing. . She added that the steps taken by the Bank led to a strained relationship between him and the private banks, which reduced the chances of repaying the currency against buying the currency from the central bank auction, as well as the need to secure funds for the banks in the bank, which endures Bank through approval regulations governing the sale process led to the loss of private banks for a chance to deal a comfortable steps harmed the Iraqi economy with no urged these banks to diversify their dealings banking and expand the size of the investment and not rely entirely on the bank auction and diversify investment and bring efficiencies and other correct procedures.  According Albjara that the Economic Committee in the House of Representatives are currently considering hosting the Central Bank Governor of the Parliament and ask him about the application of monetary policy is incorrect, noting that hosted not fit with the current period as the political and security situation does not allow hosting, as well as disruption semi-clear to the Parliament because of the opposition of the political blocs for meetings of the Council of Representatives, not to mention that the hosting itself will not come near because of the outcome of the parliamentary elections.
For his part, has seen banking offices and private banks in the capital, a substantial rise in the price of buying and selling the U.S. dollar for up to 1235 dinars to the dollar.    http://translate.google.com/translate?