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Economist warns of leakage of hard currency to fund terrorism views

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rocky
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Economist warns of leakage of hard currency to fund terrorism views

Post by rocky on Mon 21 Apr 2014, 2:49 pm

Economist warns of leakage of hard currency to fund terrorism views



21/04/2014

BAGHDAD / Source News / economic expert warned .. Rashid al-Hilali, Monday, leakage of hard currency to fund terrorism points after allowing banking financial companies, on Monday, to enter the currency auction "without an intermediary."
He told al-Hilali / Source News / "The banking offices allowing access to the currency auction is a positive thing but we must not forget the risk of such a step."
"The banking offices are considered private sector has been witnessing a leakage of hard currency from the central bank through these offices to unknown destinations or those that fund terrorism," explaining that "the central bank must be careful in Taammeltha Finance with banking offices because there are political parties and party blocs have banking offices. "
He stressed the need to "put the mechanics of this side to reduce the leakage of hard currency to unknown destinations."
The Iraqi Central Bank has decided, on Monday, to allow banking companies financial enter the currency auction "without broker", and stressed that this action will contribute to the stability of the price of "dinar" and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support the economy.
The Iraqi Central Bank seeks to amend the banking laws, including the proportional and the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that go to play the developmental role of the Iraqi economy. Finished / 19 GS

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