Snip ~ And Shabibi: The central bank is following up the government budget allocations in order to adjust the exchange rate and reduce the processing imbalance Tuesday 08/02/2011 13:23
Shabibi: the independence of the Central Bank of the umbrella of a protector of state funds
Baghdad (news) .. called Central Bank Governor Sinan Shabibi bank independence because the umbrella of a protector of state funds. Shabibi said to contact the Agency (news): "The granting of independence to the Central Bank is of great significance because it is the umbrella of a protector of state funds", Adding: "But The government that I understand that the Bank's isolated to it, but we are working with the market and the government significantly."
He added Shabibi: can not separate the government and the central bank because the importance of monetary policy depends according to the law on cooperation with the government. He noted that the basis of the economy, the Bank is to fight inflation, which gets because of the government or the private sector, and works on the application of monetary policy both in the interest rates to stabilize the growth and support banks in crisis through direct coordination.
And Shabibi: The Central Bank of the follow-up budget allocations of government in order to adjust the exchange rate and reduce the processing imbalance ..
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