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[size=36]Parliamentary bloc: "parasitic" banks acquire monthly 300 billion dinars in the currency auction[/size]
Economie| 11:13 - 06/08/2021
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BAGHDAD - Mawazine News
The Parliamentary National Approach Bloc revealed, on Tuesday, the existence of what it called parasitic banks, which receive monthly profits of more than 300 billion dinars in the currency auction.
The head of the bloc, MP Ammar Tohme, said in a statement that Mawazine News received a copy of it, "With the passage of time, the failure and harm of the dollar exchange rate decision and its severe repercussions on the stability of the market and millions of Iraqis is proven, and there is no beneficiary from this decision except the owners of parasitic banks and their political partners. influential people".
He pointed out that "all the justifications put forward by the defenders of raising the exchange rate, that it became clear that they are false and unrealistic, especially with the rise in the price of oil globally, and with neglect and negligence in controlling outlets and not restricting the import of materials similar to the local product, and not taking even a simple step in providing a support structure The national industry they mentioned was a justification for their unjust decision to raise the price of the dollar.
He explained, "On the contrary, the central bank returned to sell daily more than (200) million dollars, without those sums, nor the parasitic banks that taking possession of them, contributing to huge profits through speculation in any economic or development activity, justifying the monopoly of these banks that are interconnected with forbidden utilitarian relations with Powerful politicians have greed and greed imprinted on their hearts, and they have become a source of evil and great harm.”
Tohme affirmed that "with a simple account from the sale of the Central Bank, what the owners of parasitic banks, supported by oppressive and influential politicians in the political scene, earn daily ten billion dinars, and at a rate of (300) billion dinars per month, and all of this is a drain on the hard currency reserves acquired by opportunists and the people bear a tax." Satisfy the whims of selfish covetousness," according to his expression.
He asked, "Has the world seen or heard in any part of it that corrupt merchants, in partnership with politicians, who followed the approach of Qarun, raise the exchange rate of the currency, so that the common people will bear the harm and suffering, and the oppressors and thieves reap these huge illegal profits?"
The head of the National Nahj bloc called for continuous pressure on decision-makers to restore the dollar's exchange rate to what it was before and end this "painful farce." Ended 29/A 4
The Parliamentary National Approach Bloc revealed, on Tuesday, the existence of what it called parasitic banks, which receive monthly profits of more than 300 billion dinars in the currency auction.
The head of the bloc, MP Ammar Tohme, said in a statement that Mawazine News received a copy of it, "With the passage of time, the failure and harm of the dollar exchange rate decision and its severe repercussions on the stability of the market and millions of Iraqis is proven, and there is no beneficiary from this decision except the owners of parasitic banks and their political partners. influential people".
He pointed out that "all the justifications put forward by the defenders of raising the exchange rate, that it became clear that they are false and unrealistic, especially with the rise in the price of oil globally, and with neglect and negligence in controlling outlets and not restricting the import of materials similar to the local product, and not taking even a simple step in providing a support structure The national industry they mentioned was a justification for their unjust decision to raise the price of the dollar.
He explained, "On the contrary, the central bank returned to sell daily more than (200) million dollars, without those sums, nor the parasitic banks that taking possession of them, contributing to huge profits through speculation in any economic or development activity, justifying the monopoly of these banks that are interconnected with forbidden utilitarian relations with Powerful politicians have greed and greed imprinted on their hearts, and they have become a source of evil and great harm.”
Tohme affirmed that "with a simple account from the sale of the Central Bank, what the owners of parasitic banks, supported by oppressive and influential politicians in the political scene, earn daily ten billion dinars, and at a rate of (300) billion dinars per month, and all of this is a drain on the hard currency reserves acquired by opportunists and the people bear a tax." Satisfy the whims of selfish covetousness," according to his expression.
He asked, "Has the world seen or heard in any part of it that corrupt merchants, in partnership with politicians, who followed the approach of Qarun, raise the exchange rate of the currency, so that the common people will bear the harm and suffering, and the oppressors and thieves reap these huge illegal profits?"
The head of the National Nahj bloc called for continuous pressure on decision-makers to restore the dollar's exchange rate to what it was before and end this "painful farce." Ended 29/A 4
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