Federal government to have the desire to control the work of the central bank .. This is contrary to the Constitution

Mahma Khalil: the federal government to have the desire to control the work of the central bank .. This is contrary to the Constitution

23-05-2013 02:24 PM

Mahma KhalilBaghdad (news) .. Affirmed the decision of the Committee of Economy and Investment MP / coalition of Kurdish blocs / Mahma Khalil, said the intervention continued by the federal government make the central bank effect on the exchange rate of the Iraqi dinar against the U.S. dollar. Khelil said (of the Agency news): that the federal government has the desire to encroachment the work of the central bank, although he an independent body responsible located in front of the House of Representatives, but the government is trying to monopolize the control of all independent bodies in the country. He added: interventions continued by the government on monetary policy impact heavily on the exchange rate of the Iraqi dinar in the market , and these interventions is an explicit violation of the constitution which stipulates that the central bank financial institution independent of the executive branch. mentions that the exchange rate of the Iraqi dinar witnessed a decline is unprecedented against the dollar, which made ‚Äč‚Äčeconomists fear the continued decline and its impact on the national economy. / End / 8 .. /

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