Central Bank accused of sabotaging the political forces of the Iraqi economy

[BondLady]

Central Bank accused of sabotaging the political forces of the Iraqi economy

29/08/2011 13:53

Baghdad / Orr News

The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "political forces behind the sabotage and delay the advancement of the economic reality of Iraq and the project to delete the three zeroes." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process to delete the zeros for the advancement of the economic reality of Iraq." He continued that "if the Iraqi economy was modified after 10 years, it does not come to the welfare of the people and send a picture of despair in the soul of every Iraqi. "

He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, of the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector. The Central Bank of Iraq on 22 June he had decided to restructure the local currency in order to the development of the payments system in the country.

http://www.uragency.net/ur/news.php?cat=news&id=4054

[Dalite]

By June 22, the CBI, through the words of Saleh had already informed the people that the Government denied plans to address inflation that year.

A subsequent revamp of the plan was represented in August, and still is being stonewalled by Maliki.

Maliki has no interest in weakening his power base by doing anything to remove the Iraqi population from poverty.

Shabibi indicated that it is the Central Bank's decision and responsibility to restructure the currency.

He even hinted at this during his April address in New York this year .

Every article has the job and position of the CBI included; usually in the last paragraph.

Sides are being drawn, and this is going to show who has the juice when it comes to monetary decisions within Iraq.

Shabibi is facing lack of security, and rising inflation.

He has indicated control of inflation and security within Iraq are required to make any change in the currency structure.

There is a sense of urgency coming out of Iraq, one usually reserved for planning the next parliament vacation.

How is Maliki going to handle a challenge from a very visible and internationally recognized entity?

Sorry Maliki, this one may be hard to kill.

[BondLady]

i posted this article at 4:13 am, since then there have been 2 other of the same article posted, no need to leave mine up, the other 1 out of the 2 has more comments on it by now, might as well delete this one it was burried on the 2nd page anyway i thought u all went by time stamps here of what was posted and i was careful not to make a double post....thank you...BL