Parliament banks ignites a war!

Parliament banks ignites a war!



05/18/13 / Baghdad / Orr News

Senior parliamentary sources said that the presidency of parliament move towards private banks and file government will create a new crisis in the political scene, especially since a number of parties funded their activities through banks mentioned.

The sources said that "the presidency of parliament moves towards a file private and government banks and money laundering will create a new political crisis, especially since these banks financed the activities of some parties in violation of the law of secret deals represent the heart of the financial corruption in the country."

The sources confirmed that the "war of the banks will be the preliminary stage prior to the upcoming parliamentary elections through which some politicians believe can be achieved relative political justice."

The bankers and economists attributed the reasons for the high exchange rate of the U.S. dollar against the Iraqi dinar to the smuggling of hard currency to the Kurdistan region of Iraq, and from there to Iran amid speculation confidential.

They said that the speculative operations and the withdrawal of foreign currency from the banking offices and private banks and private has been converted into northern Iraq and the Kurdistan region, including being smuggled to Iran, which is trying to revive its economy is currently the center of the conditions of the existing international, as well as the operations of financial speculation that takes place between unknown destinations to buy hard currency and transfer to neighboring countries, leading to a price rise in commercial markets.

They added that the central bank has pumped $ 300 million a day after he was pumped about $ 200 million for control of the high exchange rate of the dollar, but these attempts did not work.

The Commission confirmed the presidency of the Iraqi Council of Representatives to support the Iraqi Central Bank procedures in carrying out audit work of private banks and archiving of information within the bank, as well as to adjust the price of the dollar to reduce the money laundering process.

The Iraqi Council of Representatives in a statement that "the Presidency of the Council of Representatives headed by Osama Najafi and his two deputies Qusay al-Suhail and Aref Tayfur, met with the Governor of the Central Bank and the Agency and Chairman of the BSA Abdul Basit Turki expressed its full support for the central bank to scrutinize the work of private banks and archiving of information within the bank."

He added that "the Presidency of the Council of Representatives confirmed its support also for the reform measures, which include a set dollar exchange rate and the reduction of the phenomenon of money laundering and strengthen the capacity of the central bank in economic development," he said, adding that "the meeting dealt with the role of the House of Representatives in issuing decisions in order to protect Iraq's assets for the year and address the issue of future indebtedness and push focus of the international effort to protect Iraqi funds abroad. "

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The sources confirmed that the "war of the banks will be the
preliminary stage prior to the upcoming parliamentary elections through
which some politicians believe can be achieved relative political
justice."

The bankers and economists attributed the reasons for
the high exchange rate of the U.S. dollar against the Iraqi dinar to
the smuggling of hard currency to the Kurdistan region of Iraq, and from
there to Iran amid speculation confidential.

If true, these two paragraphs indicate a political fight in the upcoming elections in November using, the exchange rate as a political advantage which in return as in information by my opinion, states no change until at least after that. Sorry, just how I take this reading piece.