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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


    Economist: Trade methods in Iraq are primitive... Import data has been distorted

    Rocky
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    • Post n°1

    Economist: Trade methods in Iraq are primitive... Import data has been distorted Empty Economist: Trade methods in Iraq are primitive... Import data has been distorted

    Post by Rocky Thu 16 Feb 2023, 2:38 pm

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    [size=41]Economist: Trade methods in Iraq are primitive... Import data has been distorted[/size]
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    Economic expert Nabil Jabbar considered, today, Thursday, the methods of approving trade in Iraq as "primitive", while stressing that the previous mechanism of trade led to a clear distortion in the import data.
    Jabbar said, in a press interview seen by Taqaddam, that “trade in Iraq lives by adopting primitive methods, in which small merchants who represent the vast majority use traditional methods in their transfer operations, through direct and monetary communication with exchange offices and remittance offices.”
    He added, “These banks collect remittance funds without asking merchants for any documents related to their trade or reasons for transferring money, then they are collected and purchased remittance services from private banks, which in turn ask the central bank for requests to strengthen their balances in correspondent banks outside Iraq that provide the central bank with documents.” Formal and fictitious (forged) for the purpose of passing those transfers.”
    The economist explained, “The mechanism is a continuous precedent of nearly 20 years, and its continuation led to a clear distortion in the import data, and great suspicions of passing transfers that may include deals for laundering and money laundering.”
    And between Jabbar, that "these paths in the existing commercial and banking system in Iraq lead to the presence of additional episodes that cause the benefit of banking and non-banking parties."
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