President Najafi asserts during a meeting with the Governor of Central Bank of Iraq: The non-dependence the central bank to the government not put you

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Parliament Speaker Abdulaziz Osama Najafi in his office Tuesday morning, Mr. Sinan Mohammed Rida Shabibi Iraqi Central Bank Governor, and reviewed with him the economic situation and the reality of the work of the Central Bank. He stressed during the meeting on "the necessity that the central bank is independent and responsible according to the provisions of Article (103) of paragraph (2) of the Iraqi Constitution, as well as Article 2/2 of the Law on Central Bank of Iraq 56 of 2004 which states:" In order to achieve the goals of the Central Bank Iraqi and accomplish its tasks, the Central Bank of Iraq independent and responsible as provided for by this law. Except as otherwise set to this law, will not receive the CBI instructions from any entity or person or institution, including government institutions. And we will respect the independence of the Central Bank of Iraq can not be anyone to influence and improper for any member of the decision-making body in the Central Bank of Iraq during the performance of his duties in the bank, or to interfere in the activities of the Central Bank of Iraq. "

He referred to "support the House of Representatives absolute work of the Central Bank in accordance with Constitution and the law, and stressing the need to continue to the Central Bank with the parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking. "

For his part, attributed the governor's reasons for the high exchange rate of the dollar against Iraqi dinar to the weakness of domestic production and the lack of Iraqi exports ( excluding oil), and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally and regionally, and the economic blockade suffered by some neighboring countries.

This stressed the rule of President Nujaifi "should not be dependent central bank to the government so as to prevent the seizure of funds Iraq or the implementation of international rules issued against Iraq by the creditors. "

He also said "the House of Representatives will host the central bank governor at a hearing to explain the reality of the Bank's work and identify the issue of the exchange rate of the dollar against the Iraqi dinar and the economic conditions and monetary policy in place."

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Information Office

Chairman of the Board of Representatives

04/10/2012

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