[size=52]A scandal that shakes Iraq...the loss of 35 trillion dinars in print[/size]
[size=45]A member of the Finance Committee in the Iraqi Parliament, Muhammad Al-Nouri, revealed the loss of 35 trillion Iraqi dinars in print, while noting that the volume of smuggling reached 60-70% and cannot be controlled.[/size]
[size=45]The disappearance of 35 trillion dinars.
Al-Nouri said yesterday, Thursday, to Al-Sumaria satellite channel, “More than 35 trillion printed Iraqi dinars do not exist inside Iraq, knowing that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the category of (( 50), pointing out that “Finance and the Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, but they only collected one trillion.”[/size]
[size=45]He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts and has no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system “The financial system must be independent in order to achieve economic balance within the country.”[/size]
[size=45]Accusations against the Central Bank.
He also added that “government banks are shackled by the Ministry of Finance and the Prime Minister,” indicating that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand versus The $100 is because Iraq lost more than 9 trillion, and the difference between it and the market became high.”[/size]
[size=45]While he pointed out that the one responsible for monetary policy in Iraq is “the American Federal Reserve, and it does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”[/size]
[size=45]The spread of drugs
also indicated that “Iraq has become a source of narcotic drugs under the framework government, and the volume of smuggling has reached 60-70%, and more than 20 outlets in northern Iraq are not controlled, and the import of (cigarettes, gold, mobile phones, and alcohol) does not benefit Iraq due to this matter.” Pointing out that “the volume of dollars actually sold inside Iraq does not cover the country’s needs due to smuggling, and these operations must be limited by controlling open ports and some ports controlled by parties.”[/size]
He pointed out that “the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped,” stressing that “the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve’s sanctions caused an explosion in the price exchange, and deals with us according to the missiles that fall on the Ain al-Assad base and the embassy.”[/size]
[size=45]Although corruption is widespread in all state institutions in Iraq, the trials that take place in such cases are few, and if they do occur, they target minor officials.[/size]
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