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.

Join the forum, it's quick and easy

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


    DEPUTY: PRIVATE BANKS HAVE TURNED INTO SHOPS FOR CURRENCY SMUGGLING

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 268443
    Join date : 2012-12-21
    • Post n°1

    DEPUTY: PRIVATE BANKS HAVE TURNED INTO SHOPS FOR CURRENCY SMUGGLING Empty DEPUTY: PRIVATE BANKS HAVE TURNED INTO SHOPS FOR CURRENCY SMUGGLING

    Post by Rocky Wed 06 Jul 2022, 9:30 am

    [You must be registered and logged in to see this link.]
    DEPUTY: PRIVATE BANKS HAVE TURNED INTO SHOPS FOR CURRENCY SMUGGLING
    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this image.]
    [You must be registered and logged in to see this link.]2 hours ago21


    Today, Wednesday, the representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called on the Central Bank of Iraq to reconsider the classification of private Iraqi banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to some of those banks turned into “shops” to issue letters of guarantee and take high commissions. And large in addition to the depletion and smuggling of hard currency.
    Al-Mayahi said in a press statement, "There are many private banks led by a number of corruption mafias, which have turned into shops to issue letters of guarantee and take high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad, paying with fake bills to the Central Bank, and speculating." In the markets, what negatively affected the economic situation and harmed the Iraqi private sector, noting that these banks “established their wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that benefit Iraq or reduce the suffering of the poor classes.”
    He added, "The Central Bank has previously worked on grading private banks according to what they offer, but we did not find from some of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that afflicted the country, and despite It is still growing its wealth from the country's bounties without any account or oversight."
    Al-Mayahi stressed the importance of returning the central bank to all its accounts in dealing with private banks, and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans. In the event of continued reluctance, work should be done to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 19 Apr 2024, 12:33 pm