Central: News Shabibi affect the removal of our work .. and independence known as a democratic
Date: Monday 09/04/2012 10:53
Baghdad / range the central bank, today announced that the news that Government’s intention to dismiss Bank Governor Sinan Shabibi influence in his work and the level of his performance, noting that many of the independence of state institutions, including the central bank knew invented the advanced democratic countries does not mean exclusivity of the decision. The deputy governor of the Central Bank of the appearance of Mohammed’s “Twilight News”
“The news that dealt with… some of the media’s intention to dismiss the government’s central bank governor Sinan Shabibi is a common affect in our work, and make us able to develop our performance.” “The officials at the Central Bank are members of the Economic Committee of the Council of Ministers and Central Bank shall provide advice to the government constantly, and works in coordination with them in formulating monetary policy in Iraq.” Regarding the book of the Secretariat of the Council of Ministers addressed to the Central Bank and by which the central bank should refrain from adopting any law on monetary policy without the consent of the Council of Ministers, Saleh said, “I have been out of Iraq was not personally briefed on this book.” According to the document, which is a formal letter, it should be on the central bank to refrain from adopting any law on monetary policy without the consent of the Council of Ministers, and the favor of that “the independence of some state institutions, including the Central Bank of the case of a civilized sophisticated invented democratic countries developed, but this does not mean that central bank alone, without coordination with the government, “noting that” the intervention of government monetary policy of the Central Bank will present the Iraqi economy at risk. ” It is noteworthy that the Federal Supreme Court issued on 18 January last attachment to a decision to independent bodies referred to in the Constitution Iraqi prime minister directly, and not under the chairmanship of the House of Representatives.