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Economic calls for banking sector governance to stop the corruption of the currency auction

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rocky
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Economic calls for banking sector governance to stop the corruption of the currency auction

Post by rocky on Tue 10 Apr 2018, 3:06 am

Economic calls for banking sector governance to stop the corruption of the currency auction
April 10 2018 09:28 p
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[rtl][rtl]Salam Semisem[/rtl]
[/rtl]
Ihab Jubouri



Economic expert Salam Samisem called for banking sector governance to stop corruption in the currency auction and stabilize the Iraqi dinar.


Samisem said in a press statement that the importance of the currency auction stems from the fact that it is an auction for the exchange of foreign currency to cover large expenses to support Iraq's foreign trade, and on the other hand to help in partial withdrawal of the local currency from the markets to help maintain specific levels of inflation, where the central bank sells the dollar To the owners of commercial transactions and banks at legal prices, but the entry of the political line on the banks made the transactions of the business is plagued by many suspicions of corruption.


Samisem stressed that without the real governance of the banking sector can not stop the corruption of the currency auction because without it are not processing the banks in dollars mainly, especially that the currency offer is a major base to provide stability for the Iraqi currency.


The Central Bank of Iraq announced earlier, its decision to deprive three private banks and 99 banking companies from entering the window selling the currency, for violating laws and regulations on the purchase and sale of foreign currency. 
Several documents revealed the biggest corruption outlets, of which $ 312 billion were leaked through central bank auctions to sell the currency through fake bills.



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sassy
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Re: Economic calls for banking sector governance to stop the corruption of the currency auction

Post by sassy on Tue 10 Apr 2018, 6:25 am

Just stop the auctions!!!  Please do!!   bounce
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ron-man
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Re: Economic calls for banking sector governance to stop the corruption of the currency auction

Post by ron-man on Tue 10 Apr 2018, 9:32 am

I agree sassy
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BILLYB
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Re: Economic calls for banking sector governance to stop the corruption of the currency auction

Post by BILLYB on Tue 10 Apr 2018, 4:57 pm

wow those woman in iraq are some brave cocky ones aren't they

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