Mutlaq warns of public money was at risk because of government interference with the work of the Central Bank

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Mutlaq warns of public money was at risk because of government interference with the work of the Central Bank

2012-04-15 14:00:39

BAGHDAD (Iba) ... Deputy Prime Minister for Services Affairs Saleh al-Mutlaq that the government denied its intention to connect to the Central Bank and its decision to postpone the process of lifting the yellowing two positions contradictory reflect the unlawful interference in the work of the Bank's independent policy, warned against the collapse of the Iraqi currency and weaken the economy and the exposure of public money at risk as a result attempts linked to the bank and the government intervention for privacy and compromising its independence.

Mutlaq said in a statement received by the independent press (Iba) a copy of the Iraqi government issued a formal contradictory two positions on the central bank, indicating that the statement on the Iraqi government denied the intention to connect to the Central Bank is contrary to its decision to postpone the second process of lifting the zeros of the Iraqi currency.

And al-Mutlaq, it was better for the government left the issue of lifting the zeros of the Iraqi currency to the Central Bank, consultation and coordination with him being the competent authority Her experience and responsible constitutionally for the Iraqi currency, stressing that this decision Aekssetrh government on the policy of the Central Bank and a link to an undisclosed bank's government.

The Economic Commission called for parliamentary, in (12 this April), the House of Representatives to prevent the government from infringing on the work of the central bank, arguing that the decision to wait to raise zeros from the Iraqi currency is not within its powers, while confirming that the bank is the reference of Parliament.

And the General Secretariat of the Council of Ministers announced on Thursday (12 this April), that the Department of Affairs of the Secretariat and directed to issue a decision to wait in the application of the deletion of zeros from the national currency, as the Council of Ministers, in (April 11, 2012), to form a committee to study the fluctuation of exchange rate Iraqi dinar, and stressed that the Committee will provide the appropriate solutions to prevent harm to the national economy.

He said al-Mutlaq, linking the Central Bank of the government to make serious would have a negative impact on the policy of the Central Bank independent monetary, and will affect the strength of the Iraqi currency and hence its collapse and the weakening of the economic situation of the country, warning that this action is not acceptable will funds Iraq and its citizens deposited at the central bank at risk.

He said al-Mutlaq, that this money is sacred and is not the right one exposed to the risk of being public money, pointing out that Article 103 of the Iraqi Constitution, specifically the second paragraph of this article states (the central bank held accountable by the Parliament for its actions and policy), so no one else right because it protects the public money of the country.

Criticized the parliamentary finance committee, in (8 this April), the General Secretariat of the Council of Ministers and its attempts to dominate the monetary policy of the Central Bank of Iraq and minimize the powers of the province, considering it a violation of the Constitution and a threat to the Iraqi economy.

The al-Mutlaq to the central bank is responsible to manage approximately $ 100 billion of imports of the government, banks and foreign exchange reserves of the country, stressing that respect for the independence of the independent bodies in the country and especially the Central Bank is part of a democratic new Iraq, which must be respected by all the political blocs being largest financial institution in Iraq.

He pointed out that al-Mutlaq, the central bank attempts to link the Iraqi government would send a negative message to international banks, particularly the International Monetary Fund and the World Bank, which confirms the independence of the Iraqi Central Bank's policy is that money is sacred.

The Iraqi constitution refers in his door the fourth under the title (independent bodies) to a number of bodies and organs, Kdioan financial control, and the CMC, and the National De-Baathification, which replaced the Supreme National Commission for Accountability and Justice, also identified the Constitution the nature of their relationship to the House of Representatives or Council of Ministers. (end)

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