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Point a system on a diwani order

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Point a system on a diwani order Empty Point a system on a diwani order

Post by claud39 on Fri Aug 09, 2019 6:50 am

Point a system on a diwani order


09/08/2019



Point a system on a diwani order 16617







Samir al-Nasiri



Recently issued a decree to appoint a general inspector in the Central Bank of Iraq and a review and reading of the Central Bank Law No. 56 of 2004 in Article 2 (legal status and independence) and paragraph 2 of it clearly stipulates that (the Central Bank enjoys independence in its endeavors in order to achieve its objectives and implementation The Central Bank shall not receive any instructions from any person or entity, including government agencies, except as otherwise provided in this Law. 

In addition, the Central Bank is subject to the control and questions of the Iraqi Council of Representatives in all its activities and accounts are subject to the Office of Financial Supervision and an international audit company. 

It should be noted that banks in all countries of the world are sovereign and independent institutions operating in accordance with their laws to achieve specific and clear objectives involving all banks, which is clearly referred to in Law 56 of 2004.

I believe that the issuer of the Diwani order should consult with legal and financial advisors before appointing a general inspector at the Central Bank, as this may be considered as an interference with the independence of the bank and its functions and gives a negative indication to the international banking and financial institutions, which the bank has exerted great efforts in restoring its bilateral financial and banking transactions with it. 

As a citizen, I am a constitutional right in a democratic system that guarantees me to discuss government decisions with general effect. I record a point of order on the Diwaniyyah order, stressing the independence of the Central Bank, which is contained in more than one article of the law in force that regulates the functions and duties of the Central Bank. 

I call on the Prime Minister to reconsider the Diwani order as far as the Central Bank is concerned and does not affect our national economy and the independence of monetary policy and privacy.





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Point a system on a diwani order Empty Parliamentary Finance: Appointment of an inspector of the Central Bank in violation of its independence and violation of its law

Post by claud39 on Fri Aug 09, 2019 6:52 am

Parliamentary Finance: Appointment of an inspector of the Central Bank in violation of its independence and violation of its law


 09/08/2019



Point a system on a diwani order 16619





Economy News _ Baghdad

The parliamentary Finance Committee, on Friday, surprised by the "great" appointment of an inspector of the Central Bank of Iraq, usually violated his independence and exceeded the law.

The Chairman of the Committee MP Haitham al-Jubouri, in a statement received by "Economy News" a copy of it, that the Finance Committee shows great surprise at the deliberate Iraqi government breach of the independence of the Central Bank and insist on interfering in its policy and management, in violation of the text of Article 2 of the Central Bank Law, which stipulated Not to allow any person or government to interfere with the work of the bank or its monetary policy and subject it to the control of the House of Representatives only. 

He added: We remind the government that this position was previously in the Central Bank and was canceled in 2008 because of its conflict with the law of the bank in force. 

He called for the immediate cessation of this step, warning of its external repercussions and its negative repercussions on international agreements and assessments. 





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