The Federal Supreme Court confirmed on Tuesday that the decisions of the Central Bank are not immune to appeal and are not contrary to the Constitution.

The court spokesman Ayas al-Samuk said in a statement received by Alsumaria News that "the Federal Supreme Court considered the case of the director of the sale and purchase of foreign currency has been withdrawn license by the Central Bank after he challenged article 69 of the Central Bank Law No. 56 of 2004 on appeal On the decisions of the Central Bank before the Financial Services Court. 
Samok said that "the plaintiff pointed out that this article set the duration of the appeal starting from the issuance of the Central Bank's decision to respond to his objection to the decision to withdraw his vacation, not from the date of notification, similar to what is the case in the law of civil lifts and promised implicit immunity of the decisions of the Central Bank of the appeal, That this violates Article 100 of the Constitution, which prohibits the immunization of any work or administrative decision of the appeal.

"The Federal Supreme Court found that the legislator's intention to make the period of appeal under Article 69 of the Central Law came as a legislative option and not contrary to the Constitution and based on the legal principle of (presumed science) to the relevant parties for the transactions they call" , Pointing out that "under the provision does not include immunity for the decisions of the Central Bank of the existence of a way to challenge before (Financial Services Court) and this is what the Federal Supreme Court in its ruling 147/2017, which requires that a decision was issued by the Central Bank follow-up from the start of the procedures until it is issued And to challenge him if he sees it as contrary to that And accordingly decided to return the case. "

The Central Bank of Iraq from time to time to withdraw licenses for some companies and financial institutions for the sale and purchase of foreign currency for violating some instructions for the auction.