1-25-11 Maliki returns control of CBI back to the House

Highlights/Thoughts

1. Maliki was working on all the important institutions he is in control over, and wanted to put them where they will ensure his survival and control of power
2. Maliki returned control of the CBI back to the House
3. He returned the CBI because he wasn't aware of the risk associated with the potential of losing all the assets to foreign creditors

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After al-Maliki put his hand on him .. Central Bank Warns of Khosar Iraq to foreign assets and exposure to financial crisis

Baghdad - working the Prime Minister of the Green Zone, Nuri al-Maliki to reference all the important institutions of his hand exclusively, to put them that will ensure his survival and control of power, after that the establishment of the Electoral Commission and integrity under the control has returned today to put the Central Bank of Iraq under the control of the House of Representatives controlled is it.

It seems that al-Maliki did not study this step well, with warnings issued from the bank that this step would lead to the exposure of foreign assets to seizure by creditors.

An official at the Iraqi Central Bank's decision to al-Maliki of Iraq would lose its responsibility to protect its assets and deposits abroad. "The independence, enshrined in law, was and remains the only guarantee for non-submission of financial resources of the Central Bank of Iraq outside of Iraq with the procedures for seizure and confiscation by international creditors.

" The Supreme Court ruled in Iraq has developed a number of important institutions under the supervision of the independent government of Prime Minister Nuri al-Maliki, rather than parliament. Among these institutions, the Central Bank and the Electoral Commission and the Anti-Corruption Commission.

The text of the law set in 2004 on the independence of the central bank, giving the bank the task of ensuring price stability at home, and building a stable financial system and competitive, and market-based, and aimed to promote sustainable growth and employment and prosperity in Iraq.

Source
aknews