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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


    Continuous decline in dollar sales of corruption in the auction .

    Rocky
    Rocky
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    • Post n°1

    Continuous decline in dollar sales of corruption in the auction . Empty Continuous decline in dollar sales of corruption in the auction .

    Post by Rocky Wed 10 Feb 2016, 3:11 am

    [You must be registered and logged in to see this image.] Continuous decline in dollar sales of corruption in the auction ..
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    of Wednesday 10/2/2016 3:03
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    BAGHDAD - Abdul Rashid Saleh 
    low central bank sales of foreign currency was a big concern among investors, in conjunction with the lack of liquidity sufficient cash under severe financial crisis in the country, come those fears with operations of financial corruption mar the auction currency, driven by traders and brokers currency , through the sale of the money illegally and illegal. and give that money from the central bank to companies, to be sold later in the form of instruments in the markets held on the sidewalk in front of the central bank, and any citizen, without exception, which raises the concern of economists from the possibility of exploitation terrorism of this kind of corruption financed himself. a source at the central bank's "Baghdad news", that "there is a financial havoc in the currency and stock market auction which will be held outside the central bank," noting that "the instruments sold to any citizen was done by traders currency brokers. " the source, who preferred anonymity, that" the instruments of the money he graduated from the Central Bank through the Agents, and is awarded to companies, "stressing that" these illegal methods is very serious, and could be exploited by terrorism at the same funding. " and recorded CBI sales day, last Monday, a new low in the weekly auction for the sale of foreign currency sessions, selling 114 000 525 thousand dollars, the price of 1182 dinars exchange rate against the dollar, and with the participation of 23 banks and 18 financial transfer company, while the total amount of remittances size and credits 100 000 000 and 600 thousand dollars, while the quantity sold in cash 13 million, 925 thousand dollars. for her part, member of the Committee of economy parliamentary Nora Albjara, "the decline in central bank sales of foreign currency caused by the deterioration of the economic situation in the country, as well as investors feared the lack of cash in Iraq, "adding that" the central bank follow mechanisms and controls heavily on import. " she Albjara in an interview for" Baghdad news ", that" such controls have limited out of money, and the entry of goods into the country, "asserting that" the continuation of the bank Central to these actions will reduce the corruption that marred the auction of the currency, especially as all economic actors confirm the existence of corruption in the sale of currency operations. " She pointed out that" the beneficiaries of the sale of currency illegally began by reducing the use of such illegal ways, for fear of action Central Bank. " the Finance Committee headed by MP Faleh force has hosted, last Sunday, the central bank governor and his accompanying delegation and Director General of customs, and the Director General of taxation in the Ministry of Finance to discuss the subject of an auction sale of foreign currency. in the same vein, an economist Laith Mohammed Reza said in an interview with "Baghdad news", that "there is a big difference between the price at which sells the Central Bank of currency, and the price in the market," pointing out that "the difference between the two rates is a big waste of national wealth." Reza said that "the bank sells at a price the banks sell at the price of another, as there are speculators, they raise the price, "but he also said that" the government sells dollars at 1190 dinars, while a price in the market in 1225 dinars to the dollar. " He stressed," this waste of money represents a financial loss to the government and the Central Bank and the citizen, as well as the impact of the lifting of price, which is exploited by companies and speculators, "stressing" the need to determine a single fixed for the sale price of the dollar, in order to avoid wastage of national wealth. "


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