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Saturday April 14, 2012
Council of Ministers confirms that the law requires the central bank to exchange views with the Government
Editor: BR | SZ Saturday 14 نيسان 2012 12:51 GMT
Sumerian News / Baghdad confirmed the Council of Ministers, on Saturday, that the law of the Iraqi Central Bank obliged to exchange information, views and coordinate monetary policy with the central government, pointing out that this is requested by the Government today. and the transfer of the unit director of information in the Secretariat of the Council of Minister Abdel Talaqani in an interview for "Alsumaria News", the Secretary-General of the Council of Ministers on the Keywords saying that "Article 24 of the Code of the Central Bank indicate that among the responsibilities of the exchange of information, views and coordinate monetary policy with the government, as demanded by the government." and Article 24 of the Code of the Iraqi Central Bank that the bank may exercise the following operations with government departments and semi-official, and the banks operating in Iraq, and the central banks and foreign trade, governments, and government institutions of Arab and foreign institutions and international financial and monetary, for the account or on behalf of those entities to buy and sell, import and export of bullion and gold coins to the conditions and the prices are determined by, accept deposit of bullion and gold coins for the purposes of conservation, according to the conditions prescribed by, buy and sell foreign currencies, and do all kinds of foreign exchange and remittances to those currencies, the Bank may appoint from time to time, types of currency, prices and conditions that sells and buys out those currencies, buy and sell securities and means of payment liberalized foreign currencies are convertible, that does not exceed a period of maturity of securities credit of six months from the date of acquisition, purchase and sale of bonds and treasury transfers liberated in convertible currencies issued by, or guaranteed by Arab governments, or foreign, or financial institutions, or international monetary, that does not exceed a maturity of fifteen years from the date of acquisition by the bank, opening and saving accounts with banks abroad, and financial institutions, or international monetary, and the appointment of agents, including the correspondents abroad, he may open and maintain its accounts to him, and works its agent, or correspondent, borrowing and obtaining advances or credit facilities from foreign banks and financial institutions, or international money to carry out its functions. It is noteworthy that most of the political blocs stresses in their positions on the need to take the circles task, such as the Central Bank and bodies, integrity, media and communications independence from government. The Iraqi Council of Ministers face, in (April 11, 2012), to form a committee to study the fluctuation of the exchange rate of Iraqi dinar, as he emphasized that the Commission will provide appropriate solutions to prevent harm to the national economy. as he emphasized the Iraqi Parliament Speaker Osama Najafi, in (April 10 2012), that the Council will host a Bank Governor Sinan Shabibi at a hearing to show the issue of the exchange rate of the dollar against the Iraqi dinar, as attributed Shabibi the reasons for rising to the weakness of domestic production and the weakness of the government's actions. witnessing the Iraqi market is currently rising to the U.S. dollar against the Iraqi dinar, as sales rose Central Bank of Iraq in hard currency, while the bank attributed the central reason as well as to finance trade in the neighboring countries by the Iraqi traders. and Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in January 19, 2012, for raising the price of the Iraqi dinar against the dollar during its sessions for buying and selling currencies Foreign and by four dinars, pointing out that the price of the dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar. The Central Bank of Iraq has in the January 15 last sale and purchase of the dollar and the price (1166) during the auction, which is evaluated daily and with the participation of 23 banks, after it was the buying and selling of the dollar price of 1170 dinars to the dollar.
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Council of Ministers confirms that the law requires the central bank to exchange views with the Government
Editor: BR | SZ Saturday 14 نيسان 2012 12:51 GMT
Sumerian News / Baghdad confirmed the Council of Ministers, on Saturday, that the law of the Iraqi Central Bank obliged to exchange information, views and coordinate monetary policy with the central government, pointing out that this is requested by the Government today. and the transfer of the unit director of information in the Secretariat of the Council of Minister Abdel Talaqani in an interview for "Alsumaria News", the Secretary-General of the Council of Ministers on the Keywords saying that "Article 24 of the Code of the Central Bank indicate that among the responsibilities of the exchange of information, views and coordinate monetary policy with the government, as demanded by the government." and Article 24 of the Code of the Iraqi Central Bank that the bank may exercise the following operations with government departments and semi-official, and the banks operating in Iraq, and the central banks and foreign trade, governments, and government institutions of Arab and foreign institutions and international financial and monetary, for the account or on behalf of those entities to buy and sell, import and export of bullion and gold coins to the conditions and the prices are determined by, accept deposit of bullion and gold coins for the purposes of conservation, according to the conditions prescribed by, buy and sell foreign currencies, and do all kinds of foreign exchange and remittances to those currencies, the Bank may appoint from time to time, types of currency, prices and conditions that sells and buys out those currencies, buy and sell securities and means of payment liberalized foreign currencies are convertible, that does not exceed a period of maturity of securities credit of six months from the date of acquisition, purchase and sale of bonds and treasury transfers liberated in convertible currencies issued by, or guaranteed by Arab governments, or foreign, or financial institutions, or international monetary, that does not exceed a maturity of fifteen years from the date of acquisition by the bank, opening and saving accounts with banks abroad, and financial institutions, or international monetary, and the appointment of agents, including the correspondents abroad, he may open and maintain its accounts to him, and works its agent, or correspondent, borrowing and obtaining advances or credit facilities from foreign banks and financial institutions, or international money to carry out its functions. It is noteworthy that most of the political blocs stresses in their positions on the need to take the circles task, such as the Central Bank and bodies, integrity, media and communications independence from government. The Iraqi Council of Ministers face, in (April 11, 2012), to form a committee to study the fluctuation of the exchange rate of Iraqi dinar, as he emphasized that the Commission will provide appropriate solutions to prevent harm to the national economy. as he emphasized the Iraqi Parliament Speaker Osama Najafi, in (April 10 2012), that the Council will host a Bank Governor Sinan Shabibi at a hearing to show the issue of the exchange rate of the dollar against the Iraqi dinar, as attributed Shabibi the reasons for rising to the weakness of domestic production and the weakness of the government's actions. witnessing the Iraqi market is currently rising to the U.S. dollar against the Iraqi dinar, as sales rose Central Bank of Iraq in hard currency, while the bank attributed the central reason as well as to finance trade in the neighboring countries by the Iraqi traders. and Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in January 19, 2012, for raising the price of the Iraqi dinar against the dollar during its sessions for buying and selling currencies Foreign and by four dinars, pointing out that the price of the dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar. The Central Bank of Iraq has in the January 15 last sale and purchase of the dollar and the price (1166) during the auction, which is evaluated daily and with the participation of 23 banks, after it was the buying and selling of the dollar price of 1170 dinars to the dollar.
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