Parliamentary Finance replace the currency auction open letters of credit

by day dreamer Wed 16 Dec 2015, 10:00 am

day dreamer: Interacting Investor; Posts : 3197
Join date : 2012-12-19

Post n°1

Parliamentary Finance replace the currency auction open letters of credit

by day dreamer Wed 16 Dec 2015, 10:00 am

Parliamentary Finance replace the currency auction open letters of credit

He wrote in: December 16, 2015

Confirmed member of the Finance Committee MP Majda al-Tamimi, on Wednesday, the influential people are the beneficiaries of the auction and sale of hard currency reserves of the Central Bank, while suggesting to the need to replace the currency auction open letters of credit.

Said al-Tamimi, said that "supposed replace auction foreign currency to open letters of credit", stressing the need that "the importer while on the import of goods to open an account and converted by the appropriations attributed the reason that this method is the most transparent, sending the money to import only".

He added that the "hard currency by the central bank auction punctuated by a lot of corruption and falsification of documents sale," noting, "There are investors providing false invoices".

She said "the central bank reserves go to certain persons", indicating that "influential people are the beneficiaries of the auction sale of hard currency."

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