Denied an economic advisor to Prime Minister Dr. Abdul Hussein Al-Anbuge the vulnerability of Iraqi funds abroad to risk by the decision of the Federal Court decision to link independent bodies of the Cabinet, saying there is no relationship between the subject of supervision of the Central Bank either by the government or parliament, with the object affected by the Iraqi funds in the abroad, with expert called on the financial and banking, Dr. Ahmed Rehn what those whom he called Baltrrin read the provisions of the Constitution well before release of the statements that said it confused a lot of economic action in Iraq, noting that the Central Bank of Iraq and all countries other body financially independent, whether linked to the Government or parliament ..
The Federal Supreme Court issued a decision in January 18 this provides a link independent bodies referred to in the Iraqi constitution, including the Central Bank under the chairmanship of Prime Minister directly, not under the chairmanship of the House of Representatives, the absence of the text in the Constitution explicitly on the side that is bound by the CBI and the predominance of the Executive his works and activities, sparking fears of a number of observers who have warned of the possibility of exposing the assets of Iraq abroad for the seizure and confiscation .. which was denied by an economic advisor to Prime Minister Dr. Abdul Hussein Al-Anbuge through impurity (morning) and during which he stressed there is no relationship between the government's supervision of Bank Central, or parliament, and the vulnerability of Iraqi assets abroad ..
He said Anbuge that Iraqi funds it and repositioning of an edema at the Central Bank, regardless of the authority supervising it, noting that most of the money available to the central bank is a reserves protected and the other part of which are open credit to businessmen and contractors and others, said Anbuge thereon : if it was allowed to enter the creditors on the subject of appropriations for the entered before that, whether the central bank back in terms of supervision of the government or the parliament ..
He noted Anbuge that the central bank is the monetary authority in Iraq, in the sense that he represents the part of the macro-economic policy and therefore, this policy is vested in the Council of Ministers has the right to create harmony between fiscal and monetary policies in the country according to Anbuge, who stressed that this harmony can not be receiving only if there is supervision by the government on the bank ..
Central Bank, warned of linking directly to the Council of Ministers, pointing through a statement that the Federal Court decision to link the Central Council of Ministers would endanger Iraqi assets abroad for the seizure and confiscation, stressing that the independence of the Central and its association with the House of Representatives is the only guarantee to avoid the seizure of funds by creditors international .. He said the central according to the statement that the Federal Court "overlooked in its order did not address, is that the responsibility of the central front of the House of Representatives constitutionally it is only to confirm to the provisions of the law of the Iraqi Central Bank in force numbered 56 and published in 2004, days before the issuance of the Iraqi Constitution in late 2005," which stated explicitly that "the legislative authority is the authority that oversees the Central Bank on the basis of the first article of its law."
However, the banking and financial expert, Dr. Ahmed Rehn said during his speech for the (morning) that the provisions of the Constitution and Laws for the Government to oversee the central bank, saying that this oversight will not never hurts the interests of the Bank and Iraq's money abroad ..
Rehn did not move away much from the view Anbuge when he noted that the process of association of the Central Council of Ministers has nothing to do never Bank autonomy, which means the independence of monetary policy, as well as the government does not have powers to transfer funds from the bank to balance ..
And Abizaid Rehn said: that the government's supervision of whether or not the Central Bank of administrative cases should not be overstated its concerns, and those who promote false information on exposure of Iraqi funds abroad to the threat by the Federal Court decision was to make sure that the pure error and nothing to do with the decisions taken in Iraqi affairs under Chapter VII ..
He expressed his Rehn regret of some opinions, which was launched for comment on the order link the central government, noting that those views can not add only confusion in a country tired of instability and needs to be more calm to achieve justice and fairness and economic progress in the words of Rehn ..
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