Almalahalgnapehtakd possession of information proving the possession Kthirmen politicians and influ

 Almalahalgnapehtakd possession of information proving the possession Kthirmen politicians and influential companies Asirvhlgsl money

2016/05/29

(Encyclopedia of the Day News | Iraq News ) - Bgdadalaguetsad News. CBI attacked, banking , financial and conversion companies, accusing them of using false documents and not to supplement the local market in hard currency, and with the Finance Committee in the House of Representatives confirmed that many politicians have the majority of banking companies, criticized the owners and the offices of banking is the way the central bank deal with companies.

He said the board of the Central Bank board member Ahmed Rehn, said that the role of the private sector and banking offices are still quite negative in the foreign exchange market, noting that the private sector was unable to supplement the local market an additional offer of foreign currency , whether through exports or attract foreign investment or otherwise, for the preoccupation with obtaining that currency for purposes not inconsistent with the interests of Iraq 's economic stability.

He called Rehn, to make the banking partner of the Iraqi Central Bank in the foreign exchange market to become as a wholesale foreign currency similar to wholesalers for goods, to provide dealers the needy by about taking into account national interests, revealing the non - possession of the Central Bank data , or information on how currencies move from a window sell the currency , or from other sources, the fact that the private sector offers him inaccurate information and false documents.

The member of the board of the Central Bank, the central bank should not meet all requests for foreign currency because that is draining international reserves quickly, noting that there are shops that buys and sells foreign currency requires the central bank scrutiny exchange companies between now and then.

Rehn stressed that the number of exchange companies is very significant about can not be with him to the Directorate General for banking and credit control in the Iraqi Central Bank, the monitoring, pointing out that Iraq lacks a solid firms can monitor banking companies and to ensure its commitment to banking controls. for her part, member of the Finance Committee in the House of Representatives Majida al - Tamimi, said that the work of the exchange companies is limited to the transfer of funds abroad without taking into account the balance in the amount of foreign currency emerging and entering the country, attributed the reason to the fact that the local environment is not encouraging for the survival of these funds inside Iraq, especially that most who have received funds legal or illegal manner, transformed them to invest abroad. confirmed al - Tamimi, the exchange companies have not contribute to the support of monetary policy or development operations inside Iraq, and the central bank not controlled by the only words without deeds, as is the case with the announcement of the provision of the dollar for those who wish to travel abroad for medical treatment or study. promised a member of the parliamentary finance committee, that the calamity auction currency what remains constant despite the drawbacks and the existence of alternatives through practical mechanisms for the dollar, revealing certain information to prove possession of many politicians and influential banking companies.

She called Tamimi, Prime Minister Haider al - Abadi, to intervene to stop the currency auction, pointing out that al - Abadi had not been chairman of the Finance Committee in Parliament and he knows already know the guts and cons auction currency and solutions effective to address the subject in order to serve the national economy. she Tamimi, she already has proposed a financial system developed attended by international experts, and submitted to the secretary of the prime minister, Nofal Abu barns, in November 2015 the past, Msttrdh I have not received any response on the proposal yet. turn his banking company called AD said. R. The banking companies to suffer so much from the central bank 's trading and obstacles put through procedures routine complex, indicating that the central bank is seen to exchange companies about negative despite the fact that many of them good services provide faster and better than any government bank or my family and technology high and ensure sure. Meanwhile, the owner of banking office called u. , said GS, that a lot of companies or exchange offices operate without leave and some are fake , although they are affecting the dinar exchange rate against the dollar through currency smuggling, saying that the central bank 's actions to reduce the negative phenomenon is very slow.

He explained his banking office, the central bank procedures for the granting of practice for companies and banking offices mission and the required clearance to eliminate phantom ones and reduce the smuggling of currency abroad to protect the national economy . the Central Bank of Iraq announced recently taken several measures to regulate the work of the offices and corporate banking in Iraq and reduce the phenomenon of illegal activities that harm the national economy and raise the price of the dollar, which opened the door presentation to the owners of banking companies to obtain official licenses to practice the profession, as well as the adoption of new mechanisms in the auction of foreign companies , currencies, raising the amount from 250 to 400 thousand dollars a condition to increase the company 's shares. and includes the granting of leave procedures that the applicant must be experienced and the holder of a college degree full - time to this work and not convicted of a misdemeanor involving moral turpitude, and not least the company 's capital for 500 million Iraqi dinars , as well as other conditions. R