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[ltr]The central bank accused of banking companies using forged documents ..oualemalah parliamentary: politicians have mostly[/ltr]
[ltr][You must be registered and logged in to see this image.]Baghdad -arac Press -28 May / May: the face of theIraqi Central Bank on Saturday, a direct charges to businesses of banking and financial conversion, using "forged documents and not to supplement thelocal market in hard currency , " while theparliamentary Finance Committee confirmed that "the majority of those companies belonging Iraqi politicians . "said the board of the Central Bank board member Ahmed Rehn, in a press statement,"the role of the private sector and banking offices are still quite negative in the foreign exchange market , "noting that" the private sector has been unable to supplement the local market an additional offer of foreign currency , either through export or attracting foreign investment or otherwise, for thepreoccupation with obtaining that currency for purposes not inconsistent with the interests of Iraq , its economic stability. "Hecalled Rehn, to" make the banking partner of the Iraqi Central Bank in the foreign exchange market to become as a wholesale foreign currency similar to wholesalers for goods, to provide dealers the needy by about taking into account national interests ,"revealing" non - possession , central bank data or information on how currencies move from a window sell the currency , or from other sources, the fact that the private sector offers him inaccurate information and false documents. "The member of theboard of the Central Bank 's management, " the central bank should not meet all requests for foreign currency because that isdraining international reserves quickly," noting that there are "shops that buys and sells foreign currency requires the central bank scrutiny exchange companies between now and then." Rehn stressed that " the number of exchange companies very big around that can not be with him to the Directorate General for the banking and credit control in the CBI, the monitor ,"pointing out that" Iraq lacks a solid firms can monitor banking companies and to ensure its commitment to banking controls."for her part , member of the Finance Committee in the House of Representatives Magda Tamimi, said that " the work ofexchange companies is limited to the transfer of funds abroad without taking into account the balance in the amount of foreign currency emerging and entering the country," attributed the reasons to " the fact that the local environment is not encouraging for the survival of these funds inside Iraq, especially that most who have received funds are legitimate or manner illegal, transformed them to invest abroad. "confirmed al - Tamimi, the" exchange companies did not contribute to the support ofmonetary policy or development operations inside Iraq, and the central bank not controlled by the only words without deeds, as is the case with the announcement of the provision of the dollar for those who wish to travel abroad for medical treatment or study. "He promised a member of the parliamentary finance committee, said : " misfortune auction currency is still going ondespite the drawbacks and the existence of alternatives through practical mechanisms for the dollar, "revealing" certain toprove possession of many politicians and influential banking corporate information. "She called Tamimi, Prime Minister Haider al - Abadi, to "intervene to stop the currency auction , " pointing out that "Abadi previously was chairman of theFinance Committee in Parliament and he knows already know the guts and cons auction currency and sweet effective to address the subject in order to serve the national economy." she Tamimi, they "already proposed a sophisticated financial system , in which international experts, and submitted to the secretary of the prime minister, Abu Nofal barns, in November 2015 the past, "Msttrdh" I have not received any response on the proposal so far , ".anthy (1)
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