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Parliamentary Economy: Iraqi dollars are smuggled out of the country through fake companies and connections
10:15 - 10/01/2020
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The Parliamentary Economy and Investment Committee confirmed on Friday that the central bank sells large amounts of dollars per day in order to control the exchange rate, pointing out that the dollar is fleeing the country through companies and fake connections.
Committee member Nada Shaker said in a statement to "Information", that "the central bank possesses large stores of dollars and sells huge amounts of currency daily, despite the current state of tension in the country."
She added that "the high dollar exchange rate in the local market does not have any justification, especially since the central bank controls the sale of the dollar."
And indicated that "the financial market of the Central Bank sells large amounts of dollars daily, but these funds fall within the category of corruption, where there are a lot of fictitious receipts and companies that do not exist, and therefore there is a leak and smuggling of hard currency outside the country." 25 n ended
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