Iraqi Dinar Discussion Board

[Aerospace]

The CBI shall not take instructions from any other person or entity, including government entities. The autonomy of the CBI shall be respected and no person or entity shall seek improperly to influence any member of a decision-making body of the CBI in the discharge of his duties towards the CBI or to interfere in the activities of the CBI.

1. The functions of the CBI in achieving the objectives set forth in Article 3 and as further described in this Law, shall be to:
a. formulate and implement monetary policy, including exchange rate policy, for Iraq in accordance with Section 6;
b. hold and manage all official foreign reserves of Iraq, other than working balances of the government, in accordance with Article 27;
c. hold gold and manage the State reserves of gold;
d. provide services as advisor and fiscal agent to the Government in accordance with Section 4;
e. provide liquidity services to banks in accordance with Articles 28 and 30;
f. issue and manage Iraqi currency in accordance with Section 7;
g. compile and publish data on the banking and financial system and the economy in accordance with Article 41;

This is all from the Central Bank Law.
http://www.cpa-iraq.org/regulations/20040306_CPAORD_56_Central_Bank_Law_with_Annex.pdf
The Central Bank Of Iraq is autonomous/independent from the Government of Iraq. They have the control over the currency. Parliament has nothing to do with it.