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


    With the decline in the value of the dinar.. the Prime Minister of Iraq announces the monitoring of

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 266471
    Join date : 2012-12-21

    With the decline in the value of the dinar.. the Prime Minister of Iraq announces the monitoring of  Empty With the decline in the value of the dinar.. the Prime Minister of Iraq announces the monitoring of

    Post by Rocky Wed 01 Feb 2023, 6:52 am

    [size=33]With the decline in the value of the dinar.. the Prime Minister of Iraq announces the monitoring of fraudulent transfers of dollars abroad[/size]
    [You must be registered and logged in to see this image.]
    1/2/2023
    Iraqi Prime Minister Muhammad Shayaa al-Sudani confirmed on Tuesday evening that fraudulent dollar transfers abroad were being monitored, which was revealed by the application of the "Swift" system to monitor financial transfers, in conjunction with the decline in the value of the dinar against the dollar.
    The prime minister said in televised statements that currency smuggling abroad was carried out through transfers based on forged invoices for imports whose prices were inflated.

    READ ALSO


    list of 3 itemslist 1 of 3

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


    list 2 of 3

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


    list 3 of 3

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


    end of list
    Al-Sudani said, "What does it mean that we were importing goods worth $300 million per day? Inevitably, this money was coming out of Iraq, and this has been a chronic problem for years."
    The Prime Minister inferred the existence of smuggling by saying that before the application of the Swift system, the Central Bank of Iraq used to sell merchants quantities of dollars that are many times more than what they sell them today, and yet there are no goods missing in the markets today.
    He added, "There are commodities that they enter at irrational prices, and it is clear that the aim is to get the currency out of Iraq. This matter must stop."
    Al-Sudani confirmed that his government had formed "specialized security teams" to detect smugglers and seize smuggled funds.


    AD

    Al-Sudani explained that there is smuggling of money that is transferred to the Kurdistan region, and then goes to neighboring countries, without specifying whether he meant Turkey, Iran or Syria.
    Al-Sudani said that the financial situation in Iraq today is in the best condition because businessmen are accustomed to "correct and legitimate trade."
    The Prime Minister confirmed that Foreign Minister Fuad Hussein and the new governor of the Central Bank will be among the delegation that will go to Washington after a week to discuss the exchange rate mechanism and its fluctuations.
    During the past two months, the Iraqi dinar lost more than 10% of its value against the dollar, which prompted youth gatherings and activists to organize a protest last week in front of the Central Bank in Baghdad.
    Analysts attribute the decline in the value of the national currency to the Iraqi banking system's compliance with international regulations related to money transfer, as it has become obligatory for banks to conduct transfers via the electronic SWIFT platform, in order to combat smuggling and money laundering.


    AD

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

      Current date/time is Tue 19 Mar 2024, 3:44 am