A parliamentary committee: Turkish failure of the administration of the Central Bank!
A parliamentary committee: Turkish failure of the administration of the Central Bank!
The time on Tuesday, February 26 / February 2013 07:59 | |
BAGHDAD / Walid Mehdi
Uploaded on parliamentary Finance Committee, the central bank governor Abdul Basit Turki responsible for the deterioration of the exchange rate of the Iraqi dinar against the dollar.
She said the failure of the management of the bank as a result of ignorance of monetary policy and banking. The MP said Faleh applicable in a press statement that the exchange rate of the Iraqi dinar against the dollar will remain suffers deterioration and instability due to oust former Fed governor Sinan Shabibi man competent and professional field of monetary policy, banking and the appointment of Abdul Basit Turki his job, a specialist economy does not possess the capabilities and management skills dealing currencies banking, monetary and market .
Sari added that Turkish transfer his financial control to the Central Bank, which failed and affected negatively in the Bank’s policy, because the work of financial control is different from the work of the Central Bank, where censorship deal with the government institutions certifying bank an executive away from oversight functions.
He noted that the central bank needs to be independent personalities with experience and a long history in politics and banks and financial market economy. And force the central bank is still suffering scandal specific banks that deal transfers foreign currency as well as the issue of neglecting Iraq’s gold reserves to the Bank without clarifying goal.
uragency.net
