10 replies to this topic

[k98nights]

Finance Committee: Central has the power to replace the currency without reference to the government

10/07/2012


BAGHDAD / JD / .. announced that the parliamentary finance committee that the central bank has the powers of the replacement of a single currency without reference to the Council of Ministers. A member of the Finance Committee Haitham al-Jubouri in a statement to the Agency correspondent JD / Adnanar / the central bank has the powers of the currency exchange alone without reference to the cabinet that has the support of the Finance Committee under Law 56 for the Coalition Provisional Authority, which authorizes the Central Bank of the management of monetary policy in Iraq under the supervision of the Commission Finance. He added that the reluctance Jubouri cabinet comes in light of fears of the consequences of replacing the currency as there was a psychological barrier to the replacement of officials from the categories of cash and its impact on the economic situation in the country. He Jubouri: We have made the Central Bank of the Council of Ministers approached about the possibility and feasibility of the project and to disseminate the culture of currency exchange between officials before starting the project in order to avoid exposure to such obstacles and delay the project again. He explained that the Finance Committee has a full concept on the feasibility of the project and its usefulness, but it wants more coordination between the Council of Ministers and the Central Bank to ensure the smooth flow and the national project. / Finished / Mohammed Ahmed

http://www.dananerne...ils.php?ID=1222

[yota691]

GM K98 nice article to start off the day!! Lets hope it not Delay again as this article refers 2!! +1

[k98nights]

GM K98 nice article to start off the day!! Lets hope it not Delay again as this article refers 2!! +1

I hear that! GM Mr. Yota!

[The Machine]

GM guys .... or afternoon for me lol ..... so the power lies whth Shabb's .... hmmmmm

Great news K98

[k98nights]

GM guys .... or afternoon for me lol ..... so the power lies whth Shabb's .... hmmmmm

Great news K98

It seems that way.. so now we know who's definitely responsible for pushing that button.... PUSH IT SHABS!!!!

[yota691]

GM guys .... or afternoon for me lol ..... so the power lies whth Shabb's .... hmmmmm

Great news K98

GM Machine, Shabb's never been the problem, it that Dictator Maliki!! I heard yesterday he involved in a game of monopoly and he just landed on the square that states go to Jail, do not collect 200 IQD!! We will see

Edited by yota691, 10 July 2012 - 05:04 AM.

[The Machine]

GM Machine, Shabb's never been the problem, it that Dictator Maliki!! I heard yesterday he involved in a game of monopoly and he just landed on the square that states go to Jail, do not collect 200 IQD!! We will see

You'll probably find he has a "get out of jail free card" hidden up his sleve otherwise he would be playing ball like everyone else .... interesting though ... after all the years of speculation about who exactly has the power / control to change the currency here we have it.... Why make this statement now .... is someone trying to exert pressure on shab's by letting the world know who the ring master really is.

Edited by The Machine, 10 July 2012 - 05:15 AM.

[EagleEye]

GM K98 nice article to start off the day!! Lets hope it not Delay again as this article refers 2!! +1

took the words right out of my mouth Yota...another great find Woody..you are on a roll
this morning !! Keep up the great sleuthing ...GO RV !!!

[SocalDinar]

Thanks K98

Shabs is in control of this. Can't imagine the pressure he's under with their economy faltering, IQD losing value, inflation.
The rate we see is not correct IMO and must be adjusted eventually,
Go Shabs!!

[colts469]

It seems that way.. so now we know who's definitely responsible for pushing that button.... PUSH IT SHABS!!!!

[Francie26]

You'll probably find he has a "get out of jail free card" hidden up his sleve otherwise he would be playing ball like everyone else .... interesting though ... after all the years of speculation about who exactly has the power / control to change the currency here we have it.... Why make this statement now .... is someone trying to exert pressure on shab's by letting the world know who the ring master really is.

Maybe this is the first time that Shabs has really held all the cards. Or the first time he has known that he held all the cards. With so much pressure from the government to back off, the govenrment (or perhaps just Maliki) seemed to share some of the power over whether or not to follow through on the RV. I had believed that Shabibi and the government were sort of co-equal in some way, perhaps just in the timing of when to change the currency values, and this news may be telling us that this has recently changed. Or not. They are a strange people, and it's a strange country, and what once seemed to be true may never have been true at all.