Central Bank tries to uniqueness by its decisions without reference to the government

Parliamentary Finance: Central Bank tries to uniqueness by its decisions without reference to the government and the House of Representatives .. and the law needs to be modified

Dated: 8/10/2012 9:03:45 Friday

Baghdad (news) .. Accused member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, the central bank by trying for the uniqueness of the decisions important for monetary policy of the country without consulting the government and the House of Representatives, calling to amend its law in terms consistent with the nature of the national economy.
Jubouri said (of the Agency news): The Iraqi Constitution provides in Article (103) in paragraph II that the central bank is an institution financially and administratively independent, but continued to control the House of Representatives and he must consult with the executive and legislative branches before making important decisions on fiscal policy and monetary of the country. He went to say: that officials at the Central Bank trying uniqueness their decisions without reference to the government and the House of Representatives to express their opinion and consultation with them, which led to the existence of confusion is evident in the work of the Central as a matter of public auction for the sale of currency manipulation and fraud and the entry of mafias economic trying to control the market and not to activate the Anti-Money Laundering No. (93) all came as a result of the Bank’s policy Central unclear. He pointed out: that the Central Bank Law No. (56) which was issued by the Coalition Provisional Authority after a year (2003) a lot of contradictions in some of the paragraphs of which go to the central bank body fully independent of Government and the Council of Representatives and the other paragraphs require Central Bank of coordination and consultation with the executive and legislative branches in the country before making decisions. He continued, making an urgent need to amend the law in terms consistent with the nature of the economy and fiscal policy of the country. / Finished / 8. n. r /
Source: ikhnews