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[size=45][size=41]Al-Kazemi.. Banks linked to politicians are implementing plans to smuggle dollars[/size]
July 13, 2023Last updated: July 13, 2023[/size]
The Independent/- The security and economic authorities in Iraq have seized hidden plans being implemented by private banks linked to senior politicians Through which foreign currencies are smuggled out of Iraq, and the value of the Iraqi dinar is weakened.
The government agencies did not specify the smuggling destinations, but said that they are heading to neighboring countries, in reference to Iran Syria and Lebanon.
A member of the Parliamentary Finance Committee in the Iraqi parliament, Moeen Al-Kazemi, said that the central bank system when it allowed a transfer Funds through (Master Card) for travelers There was support for this step that would serve the traveler, But it has been circumvented by collecting hundreds of cards or issuing them illegally before Some private banks, then the currency difference in other countries is benefited by one person who travels And with him hundreds of cards, so the government and the central bank paid attention to this fraudulent process.
And a source in the central bank said that hundreds of millions of dollars were sold in the currency auction and most of this money Transferred outside Iraq under the cover of supplying consumables, except that all the invoices that prove the exchange Those funds for importing basic materials for the Iraqi market were forged, and there are parties that are professionally forging these invoices with support of senior politicians.
The Iraqi economist, Dr. Majid Al-Suri, described what is happening in Iraq as a kind of economic chaos The country has suffered from it during the last three decades and it is still rooted after the occupation in 2003 through Wide open border crossings, absence of a clear economic policy, confusion in fiscal policy, and expansion of expenditures Operationalism, lack of interest in economic and social development, while encouraging the unfettered free market economy policy and not implementing the constitution And the laws in force, all of this, has made Iraq a great hotbed of administrative and financial corruption, speculation and unregulated behaviour. In economic operations in general and commercial operations in particular.
The Association of Iraqi Banks estimates that more than 300 billion dollars have been smuggled out of Iraq since 2003 Through fictitious deals, smuggling large sums of $100 through land and air ports, confirmed Planes left Iraqi airspace loaded with foreign currencies without the security and oversight authorities being able to turn it off.
Quoted from Akhbar Al-Khaleej Bahrain newspaper
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[size=45][size=41]Al-Kazemi.. Banks linked to politicians are implementing plans to smuggle dollars[/size]
July 13, 2023Last updated: July 13, 2023[/size]
The Independent/- The security and economic authorities in Iraq have seized hidden plans being implemented by private banks linked to senior politicians Through which foreign currencies are smuggled out of Iraq, and the value of the Iraqi dinar is weakened.
The government agencies did not specify the smuggling destinations, but said that they are heading to neighboring countries, in reference to Iran Syria and Lebanon.
A member of the Parliamentary Finance Committee in the Iraqi parliament, Moeen Al-Kazemi, said that the central bank system when it allowed a transfer Funds through (Master Card) for travelers There was support for this step that would serve the traveler, But it has been circumvented by collecting hundreds of cards or issuing them illegally before Some private banks, then the currency difference in other countries is benefited by one person who travels And with him hundreds of cards, so the government and the central bank paid attention to this fraudulent process.
And a source in the central bank said that hundreds of millions of dollars were sold in the currency auction and most of this money Transferred outside Iraq under the cover of supplying consumables, except that all the invoices that prove the exchange Those funds for importing basic materials for the Iraqi market were forged, and there are parties that are professionally forging these invoices with support of senior politicians.
The Iraqi economist, Dr. Majid Al-Suri, described what is happening in Iraq as a kind of economic chaos The country has suffered from it during the last three decades and it is still rooted after the occupation in 2003 through Wide open border crossings, absence of a clear economic policy, confusion in fiscal policy, and expansion of expenditures Operationalism, lack of interest in economic and social development, while encouraging the unfettered free market economy policy and not implementing the constitution And the laws in force, all of this, has made Iraq a great hotbed of administrative and financial corruption, speculation and unregulated behaviour. In economic operations in general and commercial operations in particular.
The Association of Iraqi Banks estimates that more than 300 billion dollars have been smuggled out of Iraq since 2003 Through fictitious deals, smuggling large sums of $100 through land and air ports, confirmed Planes left Iraqi airspace loaded with foreign currencies without the security and oversight authorities being able to turn it off.
Quoted from Akhbar Al-Khaleej Bahrain newspaper
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