Experts call for strict measures against {dollar smuggling}
The first 10/05/2023
[You must be registered and logged in to see this image.]
Baghdad: Huda Al-Azzawi
Specialists in financial and economic affairs have warned that the issue of dollar smuggling carries a political connotation, in addition to the economic dimension, and that influential parties stand behind its continuation. The government must be serious and have a strong will to stand up to the apparent smuggling of dollars, indicating that despite the Federal Integrity Commission’s ability to One month after recovering approximately 219 billion Iraqi dinars, the smuggling of dollars abroad has reached levels exceeding ($600 billion) since 2003.
Rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, stated in an interview with “Al-Sabah”: “The funds smuggled outside Iraq are very large, and what was recovered is perhaps less than 1% of the volume of funds accumulated outside Iraq, which belong to influential parties and were invested in Giant projects from which the host countries have benefited,” stressing that “this matter requires a strong will on the part of the Iraqi government and a policy, organization, and committees through which coordination can be made with those countries that must cooperate to recover these funds, which are, in most cases, benefiting from their presence.” Therefore, the recovery process is difficult.”
Regarding dollar smuggling, Al-Saffar said:“The process of smuggling the dollar is a political, economic and financial process, and the main factor that prevents the recovery of the price of the dinar is the political factor. Iraq has become an arena for conflicts, interests and political conflict, between countries that form entities that agree with American interests and others that are punished and economically prohibited from trading the dollar, because that A sovereign process for Washington, and there is a conflict between America and these regional countries that have a commercial, economic, political and social relationship with Iraq,” indicating that “if the political solution is achieved, the official dollar exchange rate can be restored, and the other factor for dollar smuggling is the structural imbalance of the Iraqi economy.” In light of the lack of a real domestic product, and the country’s reliance on importing all its needs by 95%, which are paid in dollars, he explained that “a large percentage of this money goes to smuggling, so whenever Iraq is able to restructure economically and address the structural imbalance, and is able to revitalizeThe real economic sectors (agriculture, industry and trade), and rely on real output and reduce imports, this problem will be solved.”
He stated that “the last and important factor - which the government must pay attention to - is the presence of a chaotic financial policy, and we can say that there is no clear financial policy by extrapolating the budgets that were legislated and implemented in Iraq after 2003 until now, especially since the largest percentage of funds It goes to the consumer operational budget,” stressing, “Today we need radical solutions to control the smuggled dollar, as I mentioned earlier.”
For his part, the head of the Regional Center for Studies, Ali Al-Sahib, indicated in an interview with Al-Sabah: “Although the Federal Integrity Commission was able, within one month, to recover approximately (219) billion Iraqi dinars, the smuggling of dollars abroad has reached Levels exceeding ($600 billion) since 2003, according to statements, after the Federal Integrity Commission rolled up its sleeves with real solutions to the files of rampant corruption in the body of the Iraqi state, which turned from a state to a phenomenon, then to a rule, and has now become a pandemic.
He pointed out that “the Integrity Commission, with its new administration, was able to manage the file with good steps and recovered to the Iraqi treasury about 300 billion Iraqi dinars from corruption files at home, but what remains important, even more important, is the amount of money looted and smuggled abroad, which figures indicate that it is around (600 billion). Dollars), we also have convoys of corrupt people and plunderers of public money abroad who are still enjoying this huge amount of money and no lawsuits have been filed against them, even though Iraq is one of the countries that has agreements and cooperation with (Interpol).”
Edited by: Muhammad Al-Ansari
[You must be registered and logged in to see this link.]
Yesterday at 4:55 pm by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Yesterday at 9:38 am by Rocky
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
Yesterday at 9:28 am by Rocky
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
Yesterday at 9:24 am by Rocky
» The conflict of the corridors: the path to development from a historical perspective and the door to
Yesterday at 9:22 am by Rocky
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
Yesterday at 9:21 am by Rocky
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
Yesterday at 9:19 am by Rocky
» A government move to restore the funds of the Trade Bank of Iraq
Yesterday at 9:17 am by Rocky
» The Central Bank informs France of plans to restructure the banking sector
Yesterday at 9:15 am by Rocky
» A government advisor reveals the fate of the budget tables
Yesterday at 9:13 am by Rocky
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
Yesterday at 9:10 am by Rocky
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
Yesterday at 9:08 am by Rocky
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
Yesterday at 9:06 am by Rocky
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
Yesterday at 9:04 am by Rocky
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
Yesterday at 9:00 am by Rocky
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
Yesterday at 5:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Yesterday at 5:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Yesterday at 5:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Yesterday at 5:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Yesterday at 5:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Yesterday at 5:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Yesterday at 5:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Yesterday at 5:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Yesterday at 5:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Yesterday at 5:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Yesterday at 5:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Yesterday at 4:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Yesterday at 4:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Yesterday at 4:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Yesterday at 4:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Yesterday at 4:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Yesterday at 4:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Yesterday at 4:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Yesterday at 4:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Yesterday at 4:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Yesterday at 4:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Yesterday at 4:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Yesterday at 4:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Yesterday at 4:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Yesterday at 4:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Yesterday at 4:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Yesterday at 4:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Yesterday at 4:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Yesterday at 4:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Yesterday at 4:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Yesterday at 4:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Yesterday at 4:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Yesterday at 4:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Yesterday at 4:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 4:24 am by Rocky
» A leader in the framework: There is no need for early elections...the “legislative” elections will t
Yesterday at 4:23 am by Rocky
» Parliament decides to extend its legislative term by 30 days
Yesterday at 4:22 am by Rocky
» Iraq has the tenth worst economic growth in the world during the last 5 years
Yesterday at 4:19 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Yesterday at 4:17 am by Rocky
» It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
Yesterday at 4:15 am by Rocky
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
Thu 09 May 2024, 9:27 am by Rocky
» MM&C 5/9/24 Customs, security and economic aspects
Thu 09 May 2024, 9:24 am by Rocky
» Union of Arab Banks: Iraq's environment encourages investment
Thu 09 May 2024, 6:57 am by Rocky
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
Thu 09 May 2024, 6:55 am by Rocky
» The International Development Bank announces the opening of its new branch in Erbil
Thu 09 May 2024, 6:52 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Thu 09 May 2024, 6:50 am by Rocky
» Budget delay: the cry for help for paralyzed services and disrupted dreams
Thu 09 May 2024, 6:47 am by Rocky
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
Thu 09 May 2024, 6:44 am by Rocky
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
Thu 09 May 2024, 6:43 am by Rocky
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
Thu 09 May 2024, 6:41 am by Rocky
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
Thu 09 May 2024, 6:39 am by Rocky
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
Thu 09 May 2024, 6:34 am by Rocky
» Deputy: Extending the legislative term depends on sending the budget schedules
Thu 09 May 2024, 6:30 am by Rocky
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
Thu 09 May 2024, 6:29 am by Rocky
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
Thu 09 May 2024, 5:23 am by Rocky
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
Thu 09 May 2024, 5:22 am by Rocky
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
Thu 09 May 2024, 5:21 am by Rocky
» Economist on the decline in dollar prices: My time and it will not reach its official price
Thu 09 May 2024, 5:20 am by Rocky
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
Thu 09 May 2024, 5:18 am by Rocky
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
Thu 09 May 2024, 5:17 am by Rocky
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
Thu 09 May 2024, 5:16 am by Rocky
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
Thu 09 May 2024, 5:15 am by Rocky
» Turkish Minister of Transport: The development road will cost $20 billion
Thu 09 May 2024, 5:13 am by Rocky
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
Thu 09 May 2024, 5:12 am by Rocky
» Work: Preparing a unified national strategy to create job opportunities for youth
Thu 09 May 2024, 5:11 am by Rocky
» The Prime Minister's financial advisor reduces the risks of the budget deficit
Thu 09 May 2024, 5:10 am by Rocky
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
Thu 09 May 2024, 5:09 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Thu 09 May 2024, 5:08 am by Rocky
» A unified national strategy to create job opportunities for youth
Thu 09 May 2024, 5:07 am by Rocky
» A one-week deadline to decide the position of Speaker of Parliament
Thu 09 May 2024, 5:06 am by Rocky
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
Thu 09 May 2024, 5:04 am by Rocky
» The Commission suspends the Kurdistan Parliament's voting procedures
Thu 09 May 2024, 5:03 am by Rocky
» $100 million to localize the pharmaceutical industry
Thu 09 May 2024, 5:01 am by Rocky
» Increase in external remittances at the Central Bank
Thu 09 May 2024, 5:00 am by Rocky
» A government advisor reduces the risks of a budget deficit
Thu 09 May 2024, 4:54 am by Rocky
» Culture: We seek to invest in the stability of the country to advance the tourism sector
Thu 09 May 2024, 4:53 am by Rocky
» Integrity announces the results of a questionnaire on bribery in real estate registration department
Thu 09 May 2024, 4:50 am by Rocky
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
Thu 09 May 2024, 4:49 am by Rocky
» The dollar rises again against the Iraqi dinar in Baghdad
Thu 09 May 2024, 4:45 am by Rocky
» Politician: The government does not deal transparently with the issue of expelling the Americans
Thu 09 May 2024, 4:43 am by Rocky
» A government bank participating in an accounting project
Thu 09 May 2024, 4:42 am by Rocky
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
Thu 09 May 2024, 4:41 am by Rocky
» French Consul: France strengthens relations with the Kurdistan Region
Thu 09 May 2024, 4:39 am by Rocky
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
Thu 09 May 2024, 4:38 am by Rocky