Sunday, April 15, 2012

Government intervention, warning of his policy .. Saleh al-Mutlaq: the powers of the central bank intervention would lead to the collapse of the Iraqi

Sun 04/15/2012

Baghdad (news) .. Deputy Prime Minister Saleh al-Mutlaq, of attempts to link the Central Bank of the government and intervention for privacy, noting that interfere with the Bank and the powers and fiscal policy will lead to the collapse of the Iraqi currency and weaken the economy and will display the central bank money, which is public money at risk.
Mutlaq said in a statement received by the Agency (news) a copy of it on Sunday: that the Iraqi government issued two positions contradictory about central bank policy: first, in which it denied its intention to link the bank with, while the second position its decision to postpone the lifting of the zeroes is unlawful interference in the work of Independent Bank in its policy, pointing out that the statement of the Iraqi government about its intention to deny the link to the Central Bank is contrary to its decision to postpone the second process of lifting the zeros of the Iraqi currency.
He added: better for the government left the issue of lifting the zeros of the Iraqi currency to the Central Bank, consultation and coordination with him being the competent authority Her experience and responsible constitutionally for the Iraqi currency, noting that this decision reflects the government's control over central bank policy and linked to an undisclosed bank's government.
Promise of the Deputy Prime Minister: Linking the Central Bank of Iraq's government to hold serious would have a negative impact on the policy of the Central Bank of independent monetary and will affect the strength of the Iraqi currency and hence its collapse and the weakening of the economic situation of the country, noting that this procedure will of Iraq's money and the money deposited in the Central Bank to the danger because This money is sacred, and not one has the right to endanger the public funds being.
He stressed that al-Mutlaq: the second paragraph of Article (103) of the Constitution stipulates that the central bank held accountable by the House of Representatives for his work and his policy, and there is no right to interfere in one another so.
And between: the central bank is responsible to manage approximately (100) billion dollars of imports, the government, banks and foreign exchange reserves of the country, pointing out that respect for the independence of the independent bodies in the country and especially the Central Bank is part of a democratic new Iraq that must be respected by all the political blocs being largest financial institution in Iraq. / Finished / l. m /

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