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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Warning of the danger of the coin 25,000 dinars smuggling

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    Warning of the danger of the coin 25,000 dinars smuggling Empty Warning of the danger of the coin 25,000 dinars smuggling

    Post by Rocky Thu 25 Feb 2016, 10:42 am

    Warning of the danger of the coin 25,000 dinars smuggling



    2016-02-25

    He called a specialist in economic affairs Raad Twigg, the central bank to control the movement of the currency of a class / 25 / thousand dinars and restricting circulation in the central and southern regions.

    Said Twigg; that 'smuggling cases repeated mafias Kurdish and most recently smuggling / 300 / billion dinars from the category / 25 / thousand dinars aimed at the Iraqi currency unloaded from the core unit to create a cash crisis and instability of the monetary system and the Iraqi work shortage in the money market and the state of imbalance between monetary categories '.

    He said Twigg, said 'Enjoy the category of / 25 / thousand dinars specifications real currency of permanence and convenience, security and high content value system of higher and drafting technical and high-end physical paper precious, and in addition to all this, and more importantly, is that it is the class that is 60% of the money supply and thus, the mafias in Turkey and the Kurdistan smuggled longer process to unload the Iraqi currency from the core to create a cash crisis in the center and south and unity '.

    He said 'smuggling / 300 / billion dinars by those mafias from northern Iraq to Turkey is one of the biggest economic crimes, therefore the Central Bank of the movement of these cash and inventory category traded in the central and southern regions monitored.

    It is said that the Office of the Prime Minister Haider al-Abadi, called in earlier this month, the Iraqi Central Bank to review its policy on foreign currency smuggling, stressing that the central bank's policies as an independent government can not be a party to work details and management of fiscal and monetary policy, they are within the the competence of the central bank such as the sale of foreign currency and its outlets, pointing out that it's policy determined by the Bank as an independent body.

    The parliamentary Finance Committee confirmed the ownership documents of destinations and companies in the process of 'money laundering' personalities, indicating that the central bank did not take any action against these banks.

    Finance Committee estimates the size of the money leaking out since 2006 by about $ 300 billion, pointing to the involvement of banks and companies such operations across four countries and then go to unknown destinations.

    The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.

    The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.

    Iraq is facing a financial crisis due to the sharp decline of oil, where the financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars, and the oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenue.

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