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[ltr]Report reveals important information about the Daash get money from speculative currency[/ltr]
[ltr][You must be registered and logged in to see this image.]London - Iraq Press - March 3 / March: thenewspaper «Financial Times» British published areport recently saying that the organization Daash in Iraq and Syria did not stop pumping crude oil and sell it to traders who want to buy it.
The correspondent newspaper Erika Solomon in its report that the organization presented to merchants licenses to buy a thousand barrels of oil every time they come in to the «oil old field», something thatnever happened before launching the international coalition aircraft , air strikes against the economic mainstay of the organization Daash, especially oil fields.
The news journalist for a truck driver who spoke tothe writer over the Internet saying: "You and your luck, if the coalition raids has not , you will get what you want, it 's a gamble."
However Granting licenses to traders, some of them linked to it refers to the determination of the organization to continue oil production, particularly as the campaign that the US - led began a relentless war on the sources of financial regulation especially oil installations are forced in recent months to reduce its employees ' salaries and reducing aid to populations in need.
The oil trade generate in today 's $ 1.5 million and from here on it is constantly pumped and sold.
But sources quoted by the press said that the offer is not able to accept only those who have a large number of trucks , where containers can mobilize quickly. However, the issue remains a gamble for the dealer , who had hit his car from the air.
The organization sells a barrel of crude oil in the old field for $ 45 while Tanak field is sold for $ 40 at a price no higher than theworld market. It seems that the organization is trying to compensate for its losses by any means and to address the financial problems, in a report in the newspaper «Daily Telegraph» Colin Freeman wrote that the organization is speculating in foreign exchange rates in order to provide the money to the treasury of the war.
He disclosed receiving a $ 20 million per month by pumping millions of dollars looted from the banks of Mosul when they took control of the city in June 2014 and in the legitimacy of financial markets across the Middle East.
The organization by speculating on exchange rates to obtain high profits are transferred to it by financial authorities in Iraq and Jordan. Firman commented that the resources of the legitimacy of speculation in the currency and the smuggling of oil and extort money from the population represents the main source of financial Daash.
And detection of fraud carried out by suicide bombers at a hearing held by the British parliament 's foreign affairs committee that tried to examine the role played by Britain in stopping these financial excesses.
Attendees heard that finance officials in the organization were manipulating the financial markets through the use of the money looted from the Central Bank and the city is estimated at about $ 429 million. Use as led the money looted from the pensions thatthe government continued to pay them , despite their control of Mosul. Speaking at the meeting , Rep . John Baron, of theparliamentary committee for foreign affairs official , who demanded to know if Britain was the tight movements as promised against financial regulation.
He said that " the money they looted from the banks and the salaries of retirees is converted to Jordanian banks and re - again to the Iraqi banking system through Baghdad", which is "what gives Daash" the opportunity to exploit the system, that is, it gets the profits from foreign exchange and turning it into his finances. "
The paper says that profits are transferred to the treasury of the organization through the hawala system , which is not subject to instructions or laws.
Tobias Elwood, Minister in the Foreign and admitted before the committee that there are ways in the local system is "sneak" them and that efforts are under way to close it .
In December / December publication of the Central Bank of Iraq has 142 company "exchange" the names of suspects in Iraq doing currency converts to organize Daash.
Elwood admitted that Iraq was able to move quickly to stop these abuses. When asked if Jordan has taken similar action , said he could not provide an answer, he said , adding that "Jordan plays an important role in the coalition against state regulation."
He stressed that there has been an effort to stop the organization get resources from currency exchange in pointing out that he no longer gets a lot.
The Committee heard that the terrorists are taking large amounts of speculation with the Elwood confirmed that the 20 million in the month number is exaggerated.
It can not be separated between the capabilities of the organization to take advantage of loopholes available to him and trickery to save money and the security situation in Iraq and the state of corruption , which officials believe they give «Daash» opportunity to continue its operations. Q ended
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