Saleh Al-mutlaq: Government non-intervention project delete zeros & leave it to Central Bank
Saleh Al-mutlaq: Government non-intervention project delete zeros and leave it to the Central Bank
Baghdad warned Dr. Saleh Al-mutlaq JD Deputy Prime Minister of Iraq from attempts to link the Central Bank intervention and the Iraqi Government, cautioning that this action and intervention in its affairs and powers and financial policy will lead to the collapse of the Iraqi currency and weaken the economy, Central Bank money will is sacred to risk public money.
He drew in a statement broadcast on Baghdad radio library and obtained (JD) "to the Iraqi Government issued two contradictory, I denied its intention to join the Bank, while the second resolution to postpone the process of yellowing and is unlawful interference in the work of the independent bank in the policy, noting that Iraqi currency landed recently declined to their lowest level in years.
Baghdad radio said that "the Iraqi Government has issued contradictory positions about the Central Bank official said, adding that" the Iraqi Government's statement about intention to link the Central Bank denied them contrary to resolution II to postpone the process of lifting the zeros of the Iraqi currency.
And between Al-mutlaq "would have been better to leave the topic raise zeros from the Iraqi currency to the Central Bank, consultation and coordination with a competent author expertise and constitutionally responsible for the Iraqi currency,"
cautioning that "this resolution reflects the Government's control over the Central Bank policy and undeclared linked to Bank the Government."
He added that Baghdad "linking the Central Bank holding Iraqi Government would have a serious negative impact on monetary policy of the Central Bank and will affect the strength of the Iraqi currency collapse and thus weaken the economic situation of the country."
Baghdad radio said that "this action is not acceptable to Iraq and funds will have funds deposited in the Central Bank of its citizens at risk."
"These funds are sacrosanct and no one has the right to endanger public money being".
Al-mutlaq stressed that "article 103 of the Constitution of Iraq and specifically paragraph 2 of this article stipulates that the" Central Bank raises questions by the Chamber of Deputies for its actions and policies.
" Stressing that "no one else right in that it protects the public money for the country."
Baghdad radio said that "the Central Bank is responsible for managing approximately 100 billion dollars of imports and Government banks cash reserve.
He warned Baghdad that "respect for the independence of independent bodies in the country and especially the Central Bank is part of the new democratic Iraq, which must be respected by all political blocs is the largest financial institution in Iraq."
He Al-mutlaq "attempts to link the Iraqi Government Central Bank will send a negative message to the World Bank, in particular the International Monetary Fund and the World Bank, which stresses the independence of the Iraqi Central Bank policy and considers that his sacred."
The Central Bank intends to start implementing the project to delete three zeros from the Iraqi dinar early next year aimed at Iraqi trshik the money supply, in addition to printing classes small and large suited monetization requirements in Iraq.
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
ďI just did my job...You either get them out alive or you die trying. If you donít die trying, you didnít try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient