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Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar

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Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar

Unread postby admin » Fri Sep 13, 2013 9:12 am

Legal Expert: the circumstances that necessitated Turkish assume the position of Governor of the Central Bank still far

09/13/2013 12:58

Emerge from Chapter VII to revalue the Iraqi dinar
Legal expert: the rule of law does not allow "self-monitoring"

BAGHDAD / obelisk: said legal expert that there is violation of a clear legal to take Mr. Abdul Basit Turki positions important at the same time, one oversight, noting that the rule of law and mental health does not permit "self-monitoring," noting at the same time that what he called the circumstances of Cairo, which necessitated assume Turki as central bank governor may still should now choose the new governor own name for this institution, which he described institution most important in the country.
said legal expert for "obelisk" that "Mr. Abdul Basit Turki charge since October of last year, the governor of the Central Bank in addition to office original as head of the Office of Financial Supervision, although the positions executives, but the position of the BSA is a regulatory as well known and the other as an executive Mali, in violation of a clear legal as it is not permissible according to the law self-monitoring. "
He also noted legal expert to "work acting for a long time mainly is out legal, and the right to be the presidency of these devices own behalf and is not acting with the consent of Parliament. "
He continued, saying that "compelling circumstances which necessitated Mr. Abdul Basit Turki for the position of Governor of Central Bank of Iraq after the vacant position Baglh former governor Sinan al-Shabibi, these conditions she still and there was ample room From time to choose an alternative Thoroughbred to take over as Governor of the Bank, especially that Iraq and the Central Bank of the competencies big that you can manage the job ably and independence. "
and was informed source said that Dr. Ahmed Bureihi of the most important candidates for the position of Governor of Central Bank of Iraq, rather than the conservative current Abdel Basset Turki, who assumed that position the agency for nearly a full year, as well as his foundation president of the BSA.
The press sources said the Iraqi Central Bank Governor agency Abdul Basit Turki had submitted his resignation to Prime Minister Nuri al-Maliki "because of not being able to manage work at the Central Bank The Office of Financial Supervision. "
The sources pointed out that "Turkey is no longer manages requests for central and mail signature central bank Stack weeks long."
But the Iraqi Central Bank denied what appeared in the media for providing the province of Acting President of the Office of Financial Supervision Abdul Basit Turki resigned from the bank or SAI.
noteworthy that the Cabinet had decided at its 45th meeting held in Baghdad on 16 October 2012 the prime BSA Abdul Basit Turki tasks Central Bank Governor acting after he sacked unanimously former central bank governor Sinan al-Shabibi, but the presidency of Turkish Bank Agency continued until now, which is almost a full year.
was the Economic Commission representative revealed the intention to host the central bank governor and agency Abdul Basit Turki "in order to develop correct policy in the next budget," while believing that the bank failed to invest in Iraq would emerge from Chapter VII to revalue Iraqi dinar.
said the Commission's decision Mahma Khalil at a press conference attended by "obelisk" "The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget," expected to "be a balancing of the Iraqi state for the year 2014 more than 130 billion dollars. "
and added that "the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar," referring to his committee "asked the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and the citizen strong. "
The sources of economic and financial said it was hard to continued Turkish combining positions economists, one regulatory and the other executive, and demanded the appointment of a personal economic independent for the position of Governor of the Central Bank of Iraq.
added that sources said that "Turkish man manager and not a specialist financial matters and was supposed to manage the bank for a period of a few pending the appointment of new governor instead Shabibi."
said a source familiar with that, "Dr. Ahmed Bureihi deputy governor of the Bank of former candidates for this position," noting that there "a consensus among the members of the Finance Committee and economists chosen because it possesses extensive experience to the work of the central bank and on the management of the bank will in the coming period."

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