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Deputy Najib: independent Central Bank can not be anyone to

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Deputy Najib: independent Central Bank can not be anyone to

Unread postby Stillw8n » Tue Apr 17, 2012 9:19 am

Deputy Najib: independent Central Bank can not be anyone to intervene in currency

Date: Tuesday, 17-04-2012

Baghdad (newsletter) … Member of the Finance Committee rejected on placeholder/Coalition blocs alkordstanet/Risalat Najib Cabinet interference with the work of the Central Bank as an independent body and cannot be linked to a certain hand.

Najib said (News Agency news) on Tuesday said that the Central Bank is independent financially and administratively nor can anyone that dares to interfere in their affairs because the base currency is to maintain and organize the country’s financial and economic work, noting that the country’s current monetary policy cannot be successful for anyone to question the integrity and functioning of the Central Bank, as it strives to support Iraqi dinars.

She said: the decision to wait before the Council of Ministers to draft the three zeros from the currency be deleted according to the structure of the Central Bank’s intervention, we reject it if the Iraqi economy in order to avoid the problems that may occur when you apply this law is welcome, but in return we are not with the deletion of zeros and replace currency at the moment that economic and political situation in the country is stable and requires sufficient time to study, in addition to spreading awareness programmes for citizens before its implementation.

His attorney Al-yassiri stressed (News Agency news) on Tuesday: the need for Federal Government intervention in the monetary policy of the Central Bank and coordination among themselves to organize work in the country, calling for the benefit of Government instructions in developing future plans and employment monetary policy being longer implementer and must coordinate with the State in all matters, and invitations that don’t supports it wrong.

Noted: the decision to wait and postpone delete three zeros from the Iraqi currency before the Council of Ministers, is currently being a new subject and cannot know what results will be realized when implemented, therefore time is still the time is ideal for entry test delete zeros from the currency it needs to be precise and thorough study, in addition to a new economic crisis in the country and the high value of the dollar, and perhaps more economic problems occur when applying this project.

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