Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Representative economy: bank profits from the currency auction are sufficient to support one million

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189731
Join date : 2012-12-21

Representative economy: bank profits from the currency auction are sufficient to support one million Empty Representative economy: bank profits from the currency auction are sufficient to support one million

Post by rocky on Mon 30 Nov 2020, 2:45 pm

Representative economy: bank profits from the currency auction are sufficient to support one million Iraqis per month

  •  Time: 11/30/2020 14:27:00
     
  •  Read: 2,873 times

[You must be registered and logged in to see this image.]
  
{Baghdad: Al-Furat News} A member of the Parliamentary Economic and Investment Committee, Mazen Al-Faily, called for a halt to the depletion of hard currency in the currency auction, in which hundreds of billions of dinars are lost as profits to banks of pure ownership or in partnership with influential political parties.
"We reiterate our call to stop the depletion of hard currency in the selling auction, in which hundreds of billions of dinars are lost every month in illegitimate profits acquired by banks that retaliate many indications of their pure ownership return or in partnership with influential political parties," Al-Faily said in a press conference.
He added, "Due to the lack of transparency and clarity in publishing the amount of dollar sold to each bank daily, the available information indicates that some banks profit more than eighty billion dinars per month, meaning that this bank alone acquires enough monthly salary of (400) thousand dinars for more Of (200) thousand citizens, and if we calculate the average family of five people, it is sufficient to support one million Iraqis per month, and if we collected the profits of the rest of the banks, trillions of dinars would be available annually. "
Al-Faily presented proposed solutions to this crisis that drains public money, namely:
1- Putting the currency selling activity in all its stages under the eyes of the public opinion and the supervisory authorities to prevent manipulation and end the illicit profit by banks that are dependent on the depletion of public money.
2.- That the Central Bank takes clear measures by directly selling dollars to actual traders and citizens without going through intermediary banks that do not provide any economic development activity.
3- Profits tax can be calculated in advance to ensure that additional revenues are collected from the sale of the dollar in the currency auction.
Ammar Al-Masoudi
 

[You must be registered and logged in to see this link.]

chouchou likes this post


    Current date/time is Wed 20 Jan 2021, 5:45 pm