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CBI calls on the Federal Supreme Court to issue an interpretative decision shows its first

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katt

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This may be a recycled article..could not find the actual date on it, however, it is from 2011. Pretty good read though. "JUNE" is mentioned Wink


Alsumaria News / Baghdad
Called on the Iraqi Central Bank, on Monday, the Federal Supreme Court to issue a second resolution Legend explains its decision to link the first independent bodies, headed by cabinet and not under the chairmanship of the parliament, warning of the dangers it faces many of the country in the event of leaving the decision without explanation.

The adviser said the Iraqi Central Bank Governor appearance of Mohammed Salih in an interview with "Alsumaria News", "The timing of the decision the Federal Supreme Court attachment to independent bodies under the chairmanship of Minister, and not under the chairmanship of the parliament, was unfortunate and unambiguous non-constructive", urging to "issue a decision Legend shows central bank independence. "

Saleh added that "the decision left without clarification, Sierdhana to the problems and many dangers lie in the mixing of government funds with the central bank money as a pretext for the creditors and the courts of Foreign Affairs, in particular we are in the stage of implementing Security Council resolution No. 1956 issued by the middle of last December, the process of lifting the immunity of funds Iraq after June next. "

The Federal Supreme Court issued a decision in January 18 this provides a link independent bodies referred to in the Iraqi constitution, prime minister directly, not under the chairmanship of the House of Representatives, and the decision came following a request by the Office of the Prime Minister to the Federal Court on 2 December last year, to show a link.

Iraq is still facing claims for compensation from the Kuwait war in 1990 has also faced maturity pay hundreds of millions of dollars in private suits in the United States as soon as he left the sanctions imposed by the United Nations under Chapter VII.

The benefit of "We were surprised by the decision, the Federal Court is supposed to meet with the Governor of the Central Bank and the bank's board and get to know what will happen," adding that "the decision is binding and can not be overridden only amend the constitution through the parliament."

The central bank adviser that "the Bank seeks to protect the funds of the government under its umbrella, and when the parachute does not reveal this because there is protection," noting that "the independence of the central bank has given protection to assets and savings that are the Iraqi people."

Salih stressed that "the Iraqi Central Bank independent practice under the Act No. 56 of 2004", noting that "this independence implies that does not receive orders from the government or its organs in any way in the implementation of policies and tools, and not to lend the government reserves, and subject accounts for external auditing according to international standards. "

He said the central bank adviser that "the Bank is associated originally the House of Representatives and accountable to him, as stipulated by the Constitution in Article 103," between that "the law granting the central bank independence in achieving its objectives, and if he fails to achieve them is up to its accountability to Parliament", and called on "the Federal Court to a second resolution, the first explains the law and explains how central bank independence. "

He said the process of the steps taken by the central bank towards the resolution in the case remained on what it is that "the Bank will move Bugetin First, the House of Representatives as the author of the right Bmsaelth front of him, namely the enacting of laws, expressing the wishes and goals of the people," explaining that "the Bank will also travel to the Iraqi government to discuss the matter calmly to ensure the best interest of the country. "

The Central Bank of Iraq has criticized in a statement today, the decision of the Federal Court decision to link independent bodies under the chairmanship of cabinet and not under the chairmanship of the parliament, noting that the resolution constitutes a threat to the Iraqi funds.

The leader of the National Alliance, Bahaa al-said in an interview for "Alsumaria News", the first on Saturday, said that "a disaster will be resolved on Iraq, when linked to independent bodies of the Cabinet," noting that "the Central Bank of Iraq is one of the independent bodies, even if associated with prime minister, funds will be transformed into government money and this means that all of the demands that Iraq funds will be asked to seizure of stocks of the Iraqi currency. "

He has been Chapter IV of the Constitution of the Republic of Iraq for the year 2005, independent bodies, within the material (102 to 108), the promise of the Constitution in Article (102) both of the High Commissioner for Human Rights, the Independent Higher Commission for Elections and the Integrity Commission, independent bodies operate under supervision of the Council House of Representatives, and thus associated with these bodies the highest legislative authority in the Iraqi state, and is organizing its law issued by the Council of Representatives.

The earlier decision of the Federal Court of reactions by the political blocs in which he described the Kurdistan Alliance, last Thursday, the Federal Court decision to "not successful", adding that it could dilute the independence of these bodies, was considered as the Iraqi List, in the words of spokesman Haidar al-Mulla that the decision was a coup the Constitution, a claim the presidency of the Council of Representatives and leaders of political blocs to take a firm stand to protect democracy in Iraq.

For his part, the Supreme Judicial Council on the lips of his spokesman, Abdul Sattar Bayraktar that "the decisions of the Constitutional Court are binding on all authorities may not appeal any of them, or dissolve the court and re-appointment of other persons," noting that "every point of consideration to any decision issued by the Federal Court from the standpoint of partisan or personal interests. "

The text of the law set in 2004 by the U.S. civil administrator in Iraq Paul Bremaraly central bank independence, and the granting of the law, the Bank task of ensuring price stability in the home and building a stable financial system and competitive market-based view to promoting sustainable growth and employment and prosperity in Iraq.

The Iraqi Constitution refers in the door the fourth under the title (independent bodies) to a number of bodies and organs, Kdioan financial control, and Communications and Media Commission, and National Commission for de-Baathification, which replaced the Supreme National Commission for Accountability and Justice, as the Constitution defines the nature of their relationship to the House of Representatives or Council of Minister
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