Najafi meet Shabibi and assures him of the independence of the Central Bank of Iraq away from the tutelage of the government
Posted 10/04/2012 01:01 PM
Nujaifi said in a press statement after meeting with Iraqi Central Bank Governor Sinan Mohammed Rida al-Shabibi, he reviewed with Shabibi economic conditions and the reality of the Bank’s work Central, stressing that “the central bank is independent and responsible on the basis of the provisions of Article (103) of paragraph (2) of the Iraqi Constitution, as well as Article 2/2 from the Iraqi Central Bank Act 56 of 2004.”…
The Najafi, “the House of Representatives support the work of the absolute central bank according to the Constitution and the law”, stressing the need “to continue with the Central Bank of parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking.”
According to the statement itself, the Shabibi Return “reasons for the high exchange rate of the dollar against the Iraqi dinar to the weakness of domestic production and low exports from Iraq except oil, and the weakness of the government’s actions in attracting capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffered by some neighboring countries “.
The voices of parliamentary and political loud recently against the decision of the President Minister Nuri al-Maliki to dominate the monetary policy of the Central Bank of Iraq and minimize the powers of the province, through his decision to inflict the Office of the General Secretariat of the World Bank for prime minister.