8/10/2012
Baghdad (news) ..
Accused member of the Finance Committee MP / National Alliance /
Haitham al-Jubouri, the central bank by trying for the uniqueness of the
important decisions regarding monetary policy of the country without
consulting the government and the House of Representatives, calling to
amend its law in terms consistent with the nature of the national
economy.
Jubouri said (of the Agency news): The Iraqi Constitution provides in Article (103) in paragraph II that the central bank is an institution financially and administratively independent, but continued to control the House of Representatives and he must consult with the executive and legislative branches before making important decisions on fiscal policy and monetary of the country.
He went to say: that officials at the central bank trying to exclusivity their decisions without reference to the government and the House of Representatives to express their opinion and consultation with them, which led to a confusion evident in the work of the Central as a matter of public auction for the sale of currency manipulation and fraud and the entry of mafias economic trying to control the market and not to activate the Anti-Money Laundering No. (93) all came as a result of central bank policy is clear.
He pointed out: that the Central Bank Law No. (56) which was issued by the Coalition Provisional Authority after a year (2003) a lot of contradictions in some of the paragraphs of which go to the central bank body fully independent of Government and the Council of Representatives and the other paragraphs require the central bank coordination and consultation with the executive and legislative branches in the country before making decisions.
He continued, making an urgent need to amend the law in terms consistent with the nature of the economy and fiscal policy of the country. / Finished / 8. N. R /
Jubouri said (of the Agency news): The Iraqi Constitution provides in Article (103) in paragraph II that the central bank is an institution financially and administratively independent, but continued to control the House of Representatives and he must consult with the executive and legislative branches before making important decisions on fiscal policy and monetary of the country.
He went to say: that officials at the central bank trying to exclusivity their decisions without reference to the government and the House of Representatives to express their opinion and consultation with them, which led to a confusion evident in the work of the Central as a matter of public auction for the sale of currency manipulation and fraud and the entry of mafias economic trying to control the market and not to activate the Anti-Money Laundering No. (93) all came as a result of central bank policy is clear.
He pointed out: that the Central Bank Law No. (56) which was issued by the Coalition Provisional Authority after a year (2003) a lot of contradictions in some of the paragraphs of which go to the central bank body fully independent of Government and the Council of Representatives and the other paragraphs require the central bank coordination and consultation with the executive and legislative branches in the country before making decisions.
He continued, making an urgent need to amend the law in terms consistent with the nature of the economy and fiscal policy of the country. / Finished / 8. N. R /