Mutlaq warns of collapse of the Iraqi dinar if the government linked to the Central Bank
Mutlaq warns of collapse of the Iraqi dinar if the government linked to the Central Bank
15/04/2012 13:13
Erbil, April 15 / April (Rn) – Deputy Prime Minister of Iraq, Sunday, from attempts to link the Central Bank of Iraq government and intervention for privacy and compromising its independence, adding that this would lead to the collapse of the national currency and weaken the economy of the country and exposing the central bank money at risk, According to a statement issued by the Information Office of the Mutlaq. said in a statement received by the Kurdish news agency (Rn), a copy of it, citing Saleh al-Mutlaq said that “the two positions contradictory issued by the Iraqi government about its intention to… connect to the Central Bank”, pointing out that it “denied first intention to link the bank with, as issued after the decision to postpone the process of lifting the yellowing of the national currency which is unlawful interference in the work of the Bank’s independent policy. ” said Mutlaq, said that “the value of Iraqi dinar recently recorded its lowest level for several years,” warning “from the that attempts to link the Central Bank of the government and intervention for privacy and compromising its independence would lead to the collapse of the national currency and weaken the country’s economy and endangering the bank money at risk. ” He added by saying that “it was better to leave the subject of lifting the zeros of the dinar to the Central Bank, consultation and coordination with him being the competent authority Her experienced and responsible constitutionally for the national currency, “noting that” the decision to postpone the process of lifting the zeros from the currency reflects the government’s control over central bank policy and closely undeclared bank’s government. ” stressed Al-Mutlaq that “the second paragraph of Article 103 of the Iraqi Constitution states that (the authorized to review the performance and the policy of the Central Bank is the Iraqi Council of Representatives without the other, “explaining that” the central bank is responsible for managing about 100 billion U.S. dollars of imports, the government, banks and cash reserves of the country. ” and noted that “respect for the independence of the independent bodies in the country and especially the central bank is part of the democratic new Iraq that must be respected by all the political blocs being the largest financial institution in the country, “he said, adding that” attempts to link the Central Bank of Iraq’s government would send a negative message to international banks, particularly the International Monetary Fund and the World Bank, which affirms the independence of central bank policy Iraq. ” The Finance Committee representative had warned earlier in the Secretariat of the Council of Ministers of trying to dominate the monetary policy of the Central Bank of Iraq and curbing the powers of the province, noting that this was a violation of the constitution with the consequences of dangerous for the Iraqi economy. Open: Aso Haji
