Post From Dinar Updates 2-19-16
Chat Room Excerpts & Highlights
Dinar Updates BGG News Time Chat 2-19-16 Part 1 of 2
BGG News Time 2/19/16
BGG: we all ready for this??
BGG: All of our esteemed News Researchers are welcome to help out here (and if that's not you - use your ???'s from here on)...
BGG: in fact, our News peeps are highly encouraged to chime in - I see Romello over there
BGG rcookie: To get things going here...
BGG rcookie: you had something of a bombshell to start us off??
rcookie: POSTED SOME THINGS RELEVANT TO CBI ORGANIZATION TODAY...CONCERNING FIREFLY POST ABOUT KEYWORDS TITLE PRESIDENT CONSERVATIVE AGENCY....
BGG rcookie: Bring it brother - tell us about it!!
BGG rcookie: that and the Maliki/palace comment are likely THE STORY - right now...
rcookie: THIS IS A REPORT FROM 2014 THAT GIVES BACKGROUND INTO REPLACING CBI GOVERNOR & CREDENTIALS ETC...
rcookie: CBI management and the role of the House of Representatives
Posted on October 30, 2014
rcookie: Ali al-RubaieChaired by the Iraqi Central Bank Governor called (Governor of the Central Bank of Iraq) The senior management of the bank. Successive governments have been keen to entrust the presidency of the Iraqi Central Bank management,
the character of its economic weight in the banking and economic sphere, as this has the effect of ensuring good management of the bank, and because the governor is a manifestation of the state, and to address the financial reputation.
Requires the Central Bank of Iraq Law No. (56) for the year 2004 in the appointment of the Governor to be a holder of a "college degree at least, and to have a long professional experience and specialists in banking or economic, financial or commercial or law fields (M 12/1).
and have the rank of minister and appointed by the Prime Minister’s proposal and the endorsement of the House of Representatives (13 m / a). This means that the House of Representatives interval role in the report of the CBI charge managemen
rcookie: (Been appointed D.sinan Shabibi) conservative "of the bank in 2003.
He holds a doctorate degree in economics from Bristol / England in the University (1975), and is one of the most well-known personalities globally" in the field of economy, and continued in the Bank’s management to 2013, even forced to flee out of Iraq after the issuance of an arrest warrant by the following issue (currency) auction,
and sentenced him in absentia to prison for seven years. The public opinion D.cbibi victim of a conspiracy, or that the actions taken against him are the price we pay for maintaining the bank’s independence and professionalism and not to be exploited for personal ends.
As a result of the vacancy of the governor, the Prime Minister assigned the job agency to d. Abdul Basit Turki head of the BSA, has this power of attorney took into account the need to be (the agent) the rank of minister to verify the qualifications required by the law in the appointment of the governor but did not take into account the separation between the head of the BSA as a supervisor at the bank and the post of the governor as a subject to censorship Diwan.
After commissioning d. Haider al-Abadi form a government, outgoing Prime Minister Nuri al-Maliki held a meeting of the Council of Ministers and reportedly went where the decision "commissioned by Ali Ismail Keywords position of Governor of the Central Bank and the Agency and the referral of Dr. Abdel-Basit Turki to retire.
It was Alak employees" entitled (inspector general) in the Ministry of Oil, He is the function of the Secretary-General of the Council of Ministers and the agency.
Taken this decision that the President of the Audit Court referred to retire before the end of his tenure in the Cabinet, while does not have a prime minister or cabinet this jurisdiction, but it is the prerogative of the House of Representatives, because it is the body that has the power to appoint the minister and to allocate it to retirement.
rcookie: As Prime Minister did not ask for an exemption from the House of Representatives conservative (D.sinan Shabibi) from office after being sentenced to prison, and the appointment of a substitute "him, as required by law, but kept the post vacant" and administered by proxy.
This decision was issued after the mandate of Prime Minister Nouri al-Maliki and commissioning Prime Minister (D.haidar Abadi) to form a government, which means it is a caretaker period and may not be during this period of the Prime Minister make changes in the legal centers of Ministers or who is the rank of minister because they do not fall within the meaning of the caretaker.
If the Prime Minister assigned to any Minister of the Department of the Ministry of the other through a specialist agency in the absence of the minister the authority, which is what happened in the Franchise Head Office of Financial Supervision and the functions of both the conservative rank of minister.
rcookie: Keywords not valid power of attorney, an employee entitled (inspector general) in the Ministry of Oil tasks Governor of the Central Bank.
Because it is supposed to solve Minister Minister specialist shop accidentally Agency especially in the case of his absence, "and that the minister exercised a sort of terms of reference not only practiced by the Minister.
And may not be assigned to the ministerial office employee chooses the prime minister.
In addition Whoever holds the position of the conservative path of the agency, as required in the terms of appointment of the Governor,.
While the legal requirements for the appointment of the governor in the relationship is not available, appointed governor "of the bank to be enjoying his" experience long career in the field of financial and economic work, while does not have a relationship any experience or practice in this area.
rcookie: And the article that World Bank President Keywords met in one of his visits to Iraq adds Vsrah after the meeting that Iraq needs economic efficiencies lacking now.
"He also said Alak political person, and assigned the management of the central bank is contrary to the principle of independence of the bank, which stipulated in Article (2 / 2) from the Iraqi Central Bank Act, and other provisions enshrined.
This topic has dangerous dimensions of the interests of society, because the law entrusts the Governor competencies relevant to the financial situation of the state, including the issuance of currency and the signing of the bonds and the cash reserve management and the issuance of decisions relating to monetary policy of the state and represent Iraq in international forums.
rcookie: It is dangerous to be appointed Governor or hire someone to do his duties fraught not legal, because this drawback applies to the legitimacy of the decisions or actions taken by that.
Not supposed to be the House of Representatives abandon its role in the central bank’s management and ensure its independence, which is what happened while leaving the choice of the governor and agency to the Prime Minister,
but to have a position in it, and if the House of Representatives in the previous session had sat for exercise its powers, there is no justification that later than that in the current session.
rcookie: THIS IN COMBINATION TO THE QUALIFICATION REQUIREMENTS OF CBI GOVERNOR AND GROUNDS FOR REMOVAL....MAKE KEYWORDS BEYOND VULNERABLE TO OUSTER....
rcookie: ESPECIALLY GIVEN GROUNDS FOR SHABIBIS REMOVAL IN 1ST PLACE....
Loop: WOW - "He also said Alak political person, and assigned the management of the central bank is contrary to the principle of independence of the bank, which stipulated in Article (2 / 2) from the Iraqi Central Bank Act,
_firefly_ rcookie: Ummmmmmm .......... BINGO !
BGG rcookie: BOULYAAAAAH!!
firefly_ rcookie: NICE TO FINALLY SEE IT IN PRINT
BGG rcookie: (my ALL TIME Favorite commercial)
rcookie: THAT IS THE ONLY VERBIAGE TO PRESIDET CONSERVATIVE AGENCY REFERENCE FOUND...
rcookie: Article 2 Legal capacity and autonomy1. The CBI, established under the Central Bank of Iraq Law, Law No. 64 of 1976, as amended from time to time, is a legal entity with the full capacity to enter into contracts, to sue and be sued, and to carry out its functions under this and any other law. In carrying out its functions, the CBI may: (i) administer and hold property, (ii) hire staff, define their duties,
BGG: Ok - here's the BOMBSHELL...
BGG: (or one of them)...
BGG: RCookie brought it
BGG: Loop highlighted it.
BGG: Loop: WOW - "He also said Alak political person, and assigned the management of the central bank is contrary to the principle of independence of the bank, which stipulated in Article (2 / 2) from the Iraqi Central Bank Act,
BGG: and here's what it means...
BGG: they are pointing out that Alak was a "political appointee" and NOT IN LINE with the INDEPENDENT SPIRIT -
BGG: INTENDED FOR THE CBI...
BGG: as stipulated in Article 2/2 of the CBI Banking Act...
larrykn: sounds like they are about to kick him out
larrykn: which I'm surprised that hasn't happen already
Loop: Who said that? World Bank President is who!!
rcookie: OR QUALIFIED....AND IN FAILURE OF VERY PERFORMANCE CRITERIA SHABS WAS ORIGINALLY RELIEVED FOR...AND WHY CALLS FROM SADR..SISTANI....INTEGRITY...MP'S...ECONOMISTS...A ND LIST OF 71...
BGG: and THAT my friends... IS VERY GOOD NEWS...
rcookie: AGREED LARRY...KEYWORDS SHOULD HAVE BEEN 1ST ONE SUBJECT TO PERFORMANCE REVIEW PANEL....
BGG: Bravo - Rcookie!!
maine: so he is illegally there: and all his actions are illegal as well?
jimplants: CAN WE SAY STATES EVIDENCE
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