Tuesday, February 28, 2012

Parliamentary Economic Committee: There is a break between the Central Bank and the Commission .. The intention of questioning the province

Tuesday 28/2/2012

Baghdad (news) .. She said that the parliamentary Economic Committee information for the functioning of the Central Bank does not know about anything but through various media, confirming an intention to question the fact that the central bank governor.
A member of the Economic Commission MP / National Alliance / Hussein Almrobei that the Commission seeks to interrogate the central bank governor, in the absence of any official letters, about the overall work of the bank, noting that the Commission "listen" and receive information on the work of the Central Bank of the various media and, most recently news of the increase of the dollar.
In front of the Iraqi dinar and the negative impact on the political situation and accused some neighboring countries as well as a news indicating the existence of counterfeit currency, stressing that the central bank did not know the Economic Commission parliamentary anything important and vital fact that there is a complete break between the Commission and the Central Bank.
And Almrobei: that the law of the Central Bank and No. 54 of 2004, which was written before the Constitution was written when many of the paragraphs in violation of the Constitution, so it must be subject to the Constitution so that the laws are not opposed to the paragraphs of the Constitution.
He Almrobei: that among the laws of the paragraphs of the Central Bank said that the central bank is not responsible from any quarter, while Article 103 II confirms that the central bank official of the House of Representatives.
It is noteworthy that Iraq declared earlier to postpone the program for restructuring the financial system of Iraq until the year 2013, which included the restructuring of the largest banks Iraqi owned by the state and are the Rafidain and Rasheed, and restructuring of the Audit Department at the Central Bank and the development of the private banking sector.
The Central Bank of Iraq, said in November of the year 2010, that foreign banks operating in Iraq do not work independently, but under the umbrella of the banks, local community, indicating that the investments of the regional countries in Iraq with a commercial character and lacking in international standards. / Finished / 3. j. N /

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