24/01/2011Iraq Central Bank: Bank assets abroad will be subject to confiscation by creditors
Criticized the Federal Court decision which connects independent bodies under the chairmanship of Minister
بغداد- الصباح BAGHDAD - morning
Criticized the Central Bank, has read the Federal Court decision to link independent bodies under the chairmanship of cabinet and not under the chairmanship of the parliament, noting that it constitutes a threat to the Iraqi funds.
The bank said in a statement Sdranh Monday and received a "morning," a copy of which was that "we have developed under the auspices of the government according to the Federal Court decision makes the Bank's assets abroad are subject to seizure by creditors."
The bank said that the independence that the "prescribed by law was and is still the only thing that guarantees are not exposed Iraq's financial resources abroad for procedures for the confiscation of international creditors," according to the statement.
The Federal Supreme Court issued a decision in 18 of the month 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, and the decision came at the request to show a link bodies of Cabinet Office submitted to the Federal Court in second week of December.
The Federal Court's decision to mixed reactions by the political blocs, each supporter of the resolution and some of his shows.
The Supreme Judicial Council on the lips of his spokesman, Abdul Sattar Bayraktar that "the decisions of the court is bound by all the authorities not subject to appeal any decision of its decisions or to resolve the court and re-appointment of other persons," noting that "every point of consideration to any decision by the Federal Court from the standpoint of partisan or personal interests. "
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Criticized the Federal Court decision which connects independent bodies under the chairmanship of Minister
بغداد- الصباح BAGHDAD - morning
Criticized the Central Bank, has read the Federal Court decision to link independent bodies under the chairmanship of cabinet and not under the chairmanship of the parliament, noting that it constitutes a threat to the Iraqi funds.
The bank said in a statement Sdranh Monday and received a "morning," a copy of which was that "we have developed under the auspices of the government according to the Federal Court decision makes the Bank's assets abroad are subject to seizure by creditors."
The bank said that the independence that the "prescribed by law was and is still the only thing that guarantees are not exposed Iraq's financial resources abroad for procedures for the confiscation of international creditors," according to the statement.
The Federal Supreme Court issued a decision in 18 of the month 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, and the decision came at the request to show a link bodies of Cabinet Office submitted to the Federal Court in second week of December.
The Federal Court's decision to mixed reactions by the political blocs, each supporter of the resolution and some of his shows.
The Supreme Judicial Council on the lips of his spokesman, Abdul Sattar Bayraktar that "the decisions of the court is bound by all the authorities not subject to appeal any decision of its decisions or to resolve the court and re-appointment of other persons," noting that "every point of consideration to any decision by the Federal Court from the standpoint of partisan or personal interests. "
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