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

[arh777]

Government intervention, warning of his policy .. Saleh al-Mutlaq: the powers of the central bank intervention would lead to the collapse of the Iraqi currency
On: Sun 04/15/2012 11:21



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 /

http://translate.google.com/translat...iew_39187.html

[Hue Mi]

.
Saleh Al-mutlaq: Government non-intervention project delete zeros and leave it to the Central Bank

2012-04-14



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.