January 02 2018 01:21 PM
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The Committee on Parliamentary Integrity announced on Tuesday that Iraq lost more than 350 billion dollars through the smuggling of currency and the auction of the Central Bank and the stalled contracts and imaginary projects, while noting the possibility of investing money held abroad to repay debts and overcome the economic crisis.
"There is a lot of money coming out of Iraq, some of them are privatized and held in international banks, which is the real remedy for the financial crisis that the country is going through and enough to repay the debts of the World Bank, which exceeded 120 billion dollars," committee member Abdul Karim Abtan told a news briefing.
He added that "Iraq has lost more than 350 billion dollars since 2003 and so far, it went through the smuggling of currency and the auction of the central brick and contracts lag and imaginary projects," pointing out that "the financial imports to Iraq since the fall of the former regime exceeded the $ 1000 billion and spent about 500 Billion for operating budgets and the rest to the imaginary investment budget and the greatest corruption.
It is noteworthy that Western reports issued this week, announced that Iraq has lost more than 250 billion dollars since 2003 and so far the result of administrative and financial corruption.
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