Militia Man

Central Bank Law #56 of 2004 Article 2  “The central bank has full operational independence in monetary policy including setting and adjusting the exchange rate regime.  The government which is a prime minister, the cabinet and parliament cannot legally dictate or veto the central bank of Iraq’s decisions on the dinar rate management or shift to a managed REER framework.”  The central bank is independent.  That is what it’s telling you, whoever the prime minister…the central bank under this law has the ability to have control…There’s nothing in the way of the CBI to do an adjustment at any time… : Militia Man