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Central Iraq auction depletion of hard currency
Written by Economic news editor Date: March 17, 2017
What the Central Bank of Iraq still sells frequent currency unwarranted and which will lead to the bankruptcy of the national reserve in Iraq, "the Parliamentary Integrity Commission pointed out, it" sent out earlier to the central bank governor and he has $ 67 billion for this purpose.
A member of the committee MP Abdul Karim Abtan, said that "the central bank to sell the hard currency of the Iraqi National Reserve, will lead to a disaster if continued to sell the dollar through the currency auction of the bank , " he said, adding that "there are certain banks benefit from buying hard currency and the central bank sells the currency of reserve.
The parliamentary Finance Committee, revealed at the time of the race, that "mafias politically influential acquires auction currency in the Central Bank of Iraq and the transformation of most of the amounts discharged to neighboring countries , " he described.
The agency member of the Finance Parliamentary, Magda Tamimi, in a statement, that "1% of the amounts disbursed in the Central Bank of Iraq go to fundamentalism trade with about 99% of the dollar are smuggled out of Iraq or used to buy real estate and internal contracting," noting, " The parliamentary Finance plans to host the Governor of the Central Bank of Iraq, on the Keywords, to develop a common strategy to combat the smuggling of currency out of Iraq and protect the cash reserve of the country."
It increased Tamimi, that "those amounts of money too and can not be audited in detail without a strong government and an international effort to deter those mafias associated with an influential and specialized political - party in foreign currency smuggling out of Iraq and the acquisition of the currency auction in the central bank to work to end its dominance of the auction.
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Written by Economic news editor Date: March 17, 2017
What the Central Bank of Iraq still sells frequent currency unwarranted and which will lead to the bankruptcy of the national reserve in Iraq, "the Parliamentary Integrity Commission pointed out, it" sent out earlier to the central bank governor and he has $ 67 billion for this purpose.
A member of the committee MP Abdul Karim Abtan, said that "the central bank to sell the hard currency of the Iraqi National Reserve, will lead to a disaster if continued to sell the dollar through the currency auction of the bank , " he said, adding that "there are certain banks benefit from buying hard currency and the central bank sells the currency of reserve.
The parliamentary Finance Committee, revealed at the time of the race, that "mafias politically influential acquires auction currency in the Central Bank of Iraq and the transformation of most of the amounts discharged to neighboring countries , " he described.
The agency member of the Finance Parliamentary, Magda Tamimi, in a statement, that "1% of the amounts disbursed in the Central Bank of Iraq go to fundamentalism trade with about 99% of the dollar are smuggled out of Iraq or used to buy real estate and internal contracting," noting, " The parliamentary Finance plans to host the Governor of the Central Bank of Iraq, on the Keywords, to develop a common strategy to combat the smuggling of currency out of Iraq and protect the cash reserve of the country."
It increased Tamimi, that "those amounts of money too and can not be audited in detail without a strong government and an international effort to deter those mafias associated with an influential and specialized political - party in foreign currency smuggling out of Iraq and the acquisition of the currency auction in the central bank to work to end its dominance of the auction.
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