AE: the Government does not have the right to borrow from the Reserve Bank



Date: Saturday, 23-02-13 07: 59 pm



Shallah called restore funds the Central Bank from the Government!



Baghdad-Maen Hasan



Surprised

former MP Wael Abdul Latif told deputy state law on Alfalh which called

on the government to restore central bank money that has been withdrawn

from the bank in the form of advances.



Said Abdul Latif's (citizen)

said on Saturday that «permit MP Ali Alfalh about demanding the

government retrieves amounts up to $

36 billion taken from the central bank by the government in the form of

advances not liquidated so far by Maakdth sources from within the

central bank has raised surprised Landry Mahzh money is of central bank

reserves? And when it was withdrawn?



«He

explained Abdul Latif« if we accept that the government had withdrawn a

certain amount from the central bank may have withdrawal from the match

in accordance with (dfa) and the refund being linked budget for

spending either by any other method Flaajos never withdraw any amount

from the Iraqi Central Bank also has no right to the government

borrowing the



reserves of the bank, which currently stands $ 60 billion, according to

the Central Bank Law No. 56 of 2004 and in accordance with article 26,

«said Abdul Latif that he had investigated this topic, but he did not

reach the truth at the present time about what this government borrowing

from her part, expert Economic d.



Peace

Sumaisem that the government can not legally be played by borrowing

from the central bank and not possess any right or legal or

constitutional Bay borrowing from Central Bank reserves and said

Smeisim's (citizen) yesterday that «what was said MP Ali Alfalh about

the need to recover the money that has been withdrawn government from

the bank Central

surprisingly «and wondered Sumaisem how dragged the government of the

bank and for any reason, under any legal justification«



The MP Ali

Alfalh had stressed in a statement quoted Euphrates News on Saturday on

the need to restore money the central bank, which dragged the government

of the bank in the form of advances.



Said

Alfalh told «Euphrates News» Saturday that «state funds can not be

waived and can not be canceled in any form«, indicating that »debt

cancellation needs to law and these debts must recover and return to

edema Central Bank».



Added « should

not be any obstacle to the Iraqi Central Bank to restore those debts,

and the bank recover the money as public funds can not be waived ».



Sources from within the central bank« that there are more than $ 36

billion taken from the central bank by the government on form of advances not liquidated so far.