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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


    Deputy: National Banks Are Led By Corruption Mafias, And The Central Bank Must Intervene

    Rocky
    Rocky
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    • Post n°1

    Deputy: National Banks Are Led By Corruption Mafias, And The Central Bank Must Intervene Empty Deputy: National Banks Are Led By Corruption Mafias, And The Central Bank Must Intervene

    Post by Rocky Thu 07 Jul 2022, 5:33 am

    [size=38]Deputy: National Banks Are Led By Corruption Mafias, And The Central Bank Must Intervene
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    2022/07/06 | 3:19 PM
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    Information / Baghdad..
    The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called, on Wednesday, the Central Bank of Iraq to reconsider the classification of Iraqi private banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to some private banks that have turned into shops to issue letters of guarantee and take high and large commissions in addition to Depletion of hard currency and smuggling it with false invoices.
    Al-Mayahi said in a statement received by "The Information", "There are many private banks led by a number of corruption mafias, which, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying forged invoices to The central bank and market speculation have not negatively affected the economic situation and harmed the Iraqi private sector and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.
    Al-Mayahi added, “The Central Bank had previously worked on grading private banks according to what they presented, but unfortunately we did not find any 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 The country was ravaged, and despite this, its wealth is still growing from the country’s bounties without any account or supervision.”
    He 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 equal the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and in the event that The continued reluctance should work 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.” finished/25h
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