Friday, April 13, 2012

The parliamentary economic: Central Bank of the financially and administratively independent and can not be its association with the Council of Minist

Friday 4/13/2012

Baghdad (news) .. A member of the Economic Commission for Parliament MP / National Alliance / Abdul-Abbas, broadly, that the Constitution grants the Iraqi Central Bank full independence and no right to interfere in their affairs, one
, Noting that the Constitution gives the right of coordination between the government and the central bank and government control is not complete it.
A broadly (for the Agency news): The Central Bank is an independent body financially and administratively nor can any other party to put under its control as stipulated by the Central Bank Law No. (66) for the year (2004), while Article (24) of Law No. (56 ) for the year (2004) authorized the central bank and government coordination in the monetary policy among themselves, and also granted the Cabinet the right to call the Governor of the Central Bank or any member of the Bank for the purpose of discussion in matters of monetary policy of the country provided it does not interfere with the federal government the contents of the work of the Central.
He added: If the opinion of the government to coordinate with the Central Bank to consult on the conditions of monetary policy in the country, it is good and it's called by the Iraqi constitution, but if the view dependency and to impose full control of it, this is rejected by everyone because it is inconsistent with the Constitution of Iraq.
This has called for the prime minister attachment to the central bank under the control of its affairs during the walk of fiscal and monetary in the country. / Finished / 8. N. R /

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