Markinsa Posted September 13, 2011 Report Share Posted September 13, 2011 Was doing some light reading and came across the CBI Law, and found that the CBI doesn't need anyone's permission to RV. To paraphrase, if CBI feels it is in the best interest of the Financial System it can do whatever it wants. CBI Law Good Read Article 4.2-4 Pages 9 & 10 Article 4.4 Page 10 4. If the CBI proposes to issue a regulation pursuant to this Law, it shall publish a draft of the proposed text of the regulation in a form and in a manner determined by it to be best calculated to bring the proposed regulation to the attention of the domestic financial sector and the general public. The draft shall be accompanied by an explanation of the purpose of the proposed regulation and a request for comments within a specified time of not less than one month after the date of publication of the draft. The CBI shall have regard to any comment received and issue the final text of the regulation accompanied by an account in general terms of the comments. The procedure set out in this paragraph shall not apply if the CBI determines that the delay involved would be a serious threat to the interests of the financial system or hinder the effective conduct of monetary policy, provided that such decision by the CBI shall be explained in the preamble to the regulation. 12 Link to comment Share on other sites More sharing options...
pastorbigal Posted September 13, 2011 Report Share Posted September 13, 2011 lol, "Just doing some light reading" I must admit, I don't see anything light about any of the articles that have come out of the CBI Link to comment Share on other sites More sharing options...
DAME1 Posted September 13, 2011 Report Share Posted September 13, 2011 Well that certainly sheds a different light on it..."no pun intended".... good find. Thanks for bringing that over Link to comment Share on other sites More sharing options...
vvalley Posted September 13, 2011 Report Share Posted September 13, 2011 WOW!!! What an awsome find. Thanks for the post!!! Veronica Link to comment Share on other sites More sharing options...
thegente Posted September 13, 2011 Report Share Posted September 13, 2011 Great find!! Thank you! Link to comment Share on other sites More sharing options...
leanonme Posted September 13, 2011 Report Share Posted September 13, 2011 Nice find! Link to comment Share on other sites More sharing options...
Matilda Posted September 13, 2011 Report Share Posted September 13, 2011 Great to know. Thanks so much for posting. Link to comment Share on other sites More sharing options...
zigmeister Posted September 13, 2011 Report Share Posted September 13, 2011 hmmmm....but it seems the CBI wants to RD. I do not find that helpful. 2 2 Link to comment Share on other sites More sharing options...
watercop Posted September 13, 2011 Report Share Posted September 13, 2011 You amaze me. Light reading Good find so now what happens to the red button Shabbs has to push? Link to comment Share on other sites More sharing options...
theadicts Posted September 13, 2011 Report Share Posted September 13, 2011 hmmmm....but it seems the CBI wants to RD. I do not find that helpful. Yup, and people won't start realizing that is the path were on at the moment. The pumpers do a good job of confusing RD articles with the good ol' get rich quick idea. Adam says it perfectly stay informed, engaged, and prepared. If people can't handle engaging in a RD discussion without throwing your hands in the air and screaming LOPSTER, you might be in for a rude awakening. Link to comment Share on other sites More sharing options...
Markinsa Posted September 13, 2011 Author Report Share Posted September 13, 2011 The draft shall be accompanied by an explanation of the purpose of the proposed regulation and a request for comments within a specified time of not less than one month after the date of publication of the draft I was kinda hoping someone else would see this statement. I kinda read this as when the CBI submitted their intentions to Parliament, Shabbs has to wait 30 days before he pushes the button. * 1 Link to comment Share on other sites More sharing options...
The Machine Posted September 13, 2011 Report Share Posted September 13, 2011 I was kinda hoping someone else would see this statement. I kinda read this as when the CBI submitted their intentions to Parliament, Shabbs has to wait 30 days before he pushes the button. * I can wait 30 days ...... hell i've waited this long !! 1 Link to comment Share on other sites More sharing options...
Dalite Posted September 13, 2011 Report Share Posted September 13, 2011 Bump to top... Great info. Link to comment Share on other sites More sharing options...
Carrello Posted September 13, 2011 Report Share Posted September 13, 2011 Did the CBI not send this draft a while ago to the Finance Committee? It is not 30 days from now to start. Link to comment Share on other sites More sharing options...
chas32 Posted September 13, 2011 Report Share Posted September 13, 2011 Iraqi Constitution Article 103: First: The Central Bank of Iraq, Board of Supreme Audit, Communication and Media Commission, and the Endowment Commissions are financially and administratively independent institutions. A law shall regulate the work of each of these institutions. Second:The Central Bank of Iraq is responsible before the Council of Representatives.The Board of Supreme Audit and the Communication and Media Commission shall be attached to the Council of Representatives. Article 110: The federal government shall have exclusive authorities in the following matters: Third:Formulating fiscal and customs policy, issuing currency, regulating commercial policy across regional and governorate boundaries in Iraq; drawing up the national budget of the State; formulating monetary policy, and establishing and administering a central bank; http://www.uniraq.or...onstitution.pdf 1 Link to comment Share on other sites More sharing options...
RICK C Posted September 16, 2011 Report Share Posted September 16, 2011 question is how much will shabbibi take before he will assert his power in office and see what this is doing to the people whom it matters the most too. He talks a good game- will he stand up and be counted?? thats the question. Link to comment Share on other sites More sharing options...
MovieMaker Posted September 16, 2011 Report Share Posted September 16, 2011 lol, "Just doing some light reading" I must admit, I don't see anything light about any of the articles that have come out of the CBI He ment "Light Bulb" reading. . . like "A HAH!" GO RV! Link to comment Share on other sites More sharing options...
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