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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


    Telegraph: Daash speculate millions of dollars stolen from the banks of Mosul

    rocky
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    • Post n°1

    Telegraph: Daash speculate millions of dollars stolen from the banks of Mosul Empty Telegraph: Daash speculate millions of dollars stolen from the banks of Mosul

    Post by rocky Tue Mar 08, 2016 5:11 am

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    Telegraph: Daash speculate millions of dollars stolen from the banks of Mosul


    Translation term 

    Daash used money looted from the banks ofMosul for speculation in global currency markets. Where it was detected that Daash brings millions of dollars to finance the war by playing in the foreign exchange markets under the nose of bank managers where the group earn up to $ 20 million a month by pumping dollars looted from the banks through its control over the city of Mosul, the currency markets legitimacy in theMiddle East. And then you get huge returns from currency speculation, which date back to them through non -dubious in Iraq, Jordan and financial authorities, as I learned a parliamentary committee Wednesday. This project criminal unusual in which it is engaged Daash now a major source of funding along with oil smuggling and extortion of citizens in the areas it controls. Tnebh Daash cash that goes to the Jordanian banks, as was revealed the scandal during a hearing of the Subcommittee of Foreign Affairs , who specially convened to examine Britain 's role in financing Daash session. This currency speculation made ​​Daash richest terrorist organization in the world. The Committee was informed that the financial officials in Daash group playing in the global stock markets using funds looted by the group through its control over the city of Mosul in 2014 where he placed her hand on an estimated $ 429 million from the Central Bank of the city. 
    It 's also used money that had been stolen from the pension paid Iraqi government for civil servants dwell in the city. John Barron, vice president of the Hearing Committee, demanded to know whether the British government - which has pledged to help cut funding Daash networks - has taken the appropriate measures against it . 
    He said Barron " The money looted Daash from the bank and retirees, it is pumped to the Jordanian banks and return to the financial system through Baghdad, what Daash allow the exploitation of the system from where they take interest on foreign currency returned procedures. " 
    these benefits returned to the coffers Daash remittance" hawala ", a money transfer system lacks the organization , where payments are made ​​through agents in the country what after the submission of thesame amounts as collateral in another country. 
    according to the US Treasury, the monthly returns for Daash according to 2014 estimates include: 
    oil = $ 40 million 
    theft = $ 3.7 million 
    tax = $ 20 million in 
    annual revenue estimates include: 
    oil = $ 500 million 
    Agricultural land in Iraq and Syria = $ 200 million of 
    kidnapping and ransom = $ 45 million in 
    foreign donations = $ 5 million 
    approved Tobias Ellwood, from the State Department 's Bureau, before the committee that there are gaps in the domestic financial system and that work is underway on the closure, adding that this happened without the complicity from the bank 's staff. 
    in the month of December select the CBI 142 offices currency exchange in Iraq , the United States suspect transferred money to Daash, and prevent it from entering the Mzhadath to the dollar, which is held twice a month and is the main source of currency exchange in the war - torn Iraq, in an attempt to prevent the arrival of funds to Daash. 
    but Mr. Ellwood acknowledged that "Iraq could move faster on this issue," in response to a question whether there was similar action in Jordan, said he could not give the answer "Jordan plays an important role in thecoalition against Daash, but work is under way on it. I do not think that there is a source of revenue closer than that. " 
    Commission heard claims to take action to expel Daash of speculation in foreign currency , which make up alarge part of their funding, despite the fact that Mr. Ellwood said the revenue estimates Daash of these speculations of twenty million dollars exaggerated.
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