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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


    Iraq joins the International Financial Intelligence Unit in order to enhance the world's confidence

    Rocky
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    Iraq joins the International Financial Intelligence Unit in order to enhance the world's confidence Empty Iraq joins the International Financial Intelligence Unit in order to enhance the world's confidence

    Post by Rocky Thu 23 Feb 2023, 7:43 am

    [size=38]Iraq joins the International Financial Intelligence Unit in order to enhance the world's confidence in its financial dealings[/size]


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    February 23, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: Iraqi state institutions tend to combat money laundering after the theft of tax money and the dollar crisis, or to reduce them to lower levels than they were after they escalated greatly after 2003, especially with their association with political corruption through banking sector reforms.
    Iraqi Foreign Minister Fuad Hussein headed a high-ranking economic and banking delegation on an official visit to Washington to discuss the development and reform of monetary policy, combating corruption and money laundering.
    The United States of America wants Iraq to comply with combating money laundering and terrorist financing, and bilateral cooperation in modernizing the banking sector.
    And on the path of harmony with the American demands, Iraq joined the membership of the “Egmont” group of financial investigation units.
    The group includes 167 countries, and works to facilitate the exchange of information on criminal records, money laundering and terrorist financing at the international level, by providing the office with a secure communications network with countries of the world, which contributes to following up the movement of funds internationally and strengthening financial investigation procedures, leading to the recovery of funds and assets.
    The researcher in economic relations, Ziyad Al-Hashemi @ziadalhashimi, talks about international reports, that money laundering operations burned huge sums of Iraq's financial resources through auction sales, and according to one of the former deputies,  in the year 2020 40 billion dollars were sold, and only an amount was imported 14 billion, and the rest disappeared in 2021, and 30 billion were sold, corresponding to 13 billion imports, and the rest disappeared. 
    The economist, Salam Sumaisem, talks about an internal market controlled by companies and banks, which are now storing the subsidized dollar by offering it again after its scarcity at a higher price.  
    The economist, Nabil Al-Marsoumi, talks about the fact that security solutions in controlling the exchange rate of the dollar widen the gap between the official and parallel price, as it adds a risk premium and trading becomes very limited, indicating that commercial dealings in dollars and its confinement to dinars by obligating the main importers, whose number does not exceed the fingers of one hand. . He added, “Thus, two profits are obtained, the first, the commercial one, and from importing them at the official price, and selling the goods at the parallel price, which results in controlling the price away from any security measure.
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