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


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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

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Established in 2006 as a Community of Reality

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


    The 60% is not a coincidence..a number that could break up the disparity between dollar sales and im

    Rocky
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    • Post n°1

    The 60% is not a coincidence..a number that could break up the disparity between dollar sales and im Empty The 60% is not a coincidence..a number that could break up the disparity between dollar sales and im

    Post by Rocky Wed 02 Mar 2022, 6:00 am

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    The 60% is not a coincidence..a number that could break up the disparity between dollar sales and imported goods
    Ultra Iraq - Editorial Team
    The file of the currency sale auction, as a "big corruption file", occupies the political and popular atmosphere, as the leader of the Sadrist movement, Muqtada al-Sadr, began opening this file with a tweet, followed by [You must be registered and logged in to see this link.] host the Minister of Finance and the Governor of the Central Bank, while the "false bills" stand at the head of this file and what is related to it. From an increase in the Central Bank’s sales of dollars and its “smuggling” abroad, under the pretext of importing goods.
    2020 .. 60% of dollar remittances have not entered against merchandise
    In this context, the independent MP Hadi Al-Salami filed a complaint with the Iraqi Public Prosecution regarding this file, speaking of the existence of a large difference between the Central Bank's sales of hard currency for the purpose of import, compared to the goods that actually entered Iraq as a result of these remittances.
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    60% of foreign remittances of hard currency for which imported goods were not entered in the year 2020
    According to Al-Salami, "the sales of the Central Bank as foreign remittances for the purpose of import in 2020 amounted to 37 billion dollars, while the value of imported goods during the same year and frozen in the Customs Authority amounted to only 14 billion dollars."
    Read also:  [You must be registered and logged in to see this link.]
    This means that there is a difference of about $23 billion, meaning that 60 percent of foreign remittances are from hard currency, for which imported goods have not entered.
    2019 .. 60% of remittances did not enter the goods as well
    In the same way, the value of imports during 2019, according to the Central Bureau of Statistics, amounted to $18 billion, based on the data of the Customs Authority. However, [You must be registered and logged in to see this link.] , remittances and external credits for the purpose of import that were issued from it amounted to $44 billion, which means that 26 billion Another dollar, or 60% of the money, was transferred abroad without registering the entry of goods at the border crossings, which is the same percentage recorded in 2019.
    No fake invoices and corruption elsewhere
    Experts conclude that 60% of the sales of the Central Bank are “smuggled” abroad without “justification,” but it is not considered free of charge, as the Central Bank “sells” the dollar against the Iraqi currency, meaning that the state has not lost anything, but this process, according to experts It may contribute to suspicious operations by providing hard currency abroad, as well as contributing to reducing the central bank's hard currency reserves.
    And the negatives of this process vary, but the anger directed at the Central Bank and the Ministry of Finance may be a departure from the real reason behind this large difference and the exit of 60% of the sales of the Central Bank with “forged” invoices, as is rumored. Among the goods that were not entered, is the customs data, which relates to the fees that have already been collected at the border outlets controlled by the government. 
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    In another interpretation, the outward remittances of 60 percent are not necessarily that no goods were entered against them or that their invoices were “forged”, rather they may have already been entered, but the fees were not “fulfilled” for them, so their values ​​are not present in the customs records in the first place, and they have not been met The fees are due to “corruption and fraud at the ports” or because traders have entered their goods through unofficial ports or through the ports of the Kurdistan region. 
    And perhaps it is not a coincidence that sales of hard currency for which no goods have entered, amounting to 60% of the total amount of sales in dollars, is exactly proportional to the proportions of the “non-controlled” outlets, which amount to 60% of the total outlets in Iraq, according to Finance Minister Ali Allawi during [You must be registered and logged in to see this link.] Parliament on Monday, February 28, 2022.
    Dismantling the crisis..the secret lies in the Kurdistan region
    Specialists believe that the issue may be resolved by boycotting the data of the central bank and its transfers during a certain period with the data of the border ports, discovering the names and companies that purchased hard currency for the purpose of import and did not appear in the records of the border ports, and summoning them for the purpose of verifying the fate of their goods and whether they did not enter them or that they It entered it from other outlets or from the outlets of the Kurdistan region to "dismantle" whether there were actually "forged invoices" or whether the current crisis lies in the outlets of the Kurdistan region and some of the outlets that are not controlled.
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