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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    CBI reduces bleeding Auction dollar

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 272904
    Join date : 2012-12-21
    • Post n°1

    CBI reduces bleeding Auction dollar Empty CBI reduces bleeding Auction dollar

    Post by Rocky Sat Jul 02, 2016 8:46 am

    CBI reduces bleeding Auction dollar

    Iraqi government unveiled a modest steps to reduce Auction sales dollar, accused of being one of the biggest corruption windows, where dominated by affiliated to political parties are banks and monopoly over the importation of counterfeit bills.
    Arabs  [published on 07.02.2016, number: 10324, p . 11]

    Bleeding cash cover
    BAGHDAD - The Iraqi Central Bank announced lower sales in the Auction dollar stunts during the first half of this year by up to 14 percent compared to the same period last year.
    He said that decline reduced dollar sales by more than $ 2.64 billion to reach since the beginning of this year to 15.76 billion dollars, compared to about $ 18.4 billion.

    He stressed Abdulkadir Mohamed, a member of the Finance Committee in the Iraqi parliament, the central bank sales decline of the dollar came after several measures in coordination with the Finance Committee in the Parliament to reduce sales to their lowest levels.

    He told Anatolia that "the Finance Committee recently presented a study of the Central Bank, and asked him for adoption, and included a call for the reduction of sales within the auction sale of the currency to $ 70 million per day," pointing out that this amount is enough to meet the daily needs of the import of goods.

    The documents leaked by the Iraqi politician Ahmad Chalabi of late has been revealed in the past year for the Auction dollar squandered nearly $ 312 billion during the rule of former prime minister between 2006 to mid-2014.

    She pointed to fraud and irregularities in the process of buying the banks of the dollar, because it did not mention the companies that bought the dollar for its own account, in addition to the presence of irregularities because most of the companies not included in the public record companies.

    Official data show that the Iraqi central bank's daily dollar sales currently amount to about $ 150 million.

    Muhammad explained that "the central bank sales are still high, and can be codified in order to maintain a financial reserve of hard currency and strengthened."

    CBI revealed that the foreign currency reserves fell in mid-June, about $ 15 billion annually comparing to reach about $ 53 billion.

    Iraq is facing an economic crisis forced him to reduce the size of the financial budget as a result of lower oil prices and start a policy of austerity, while the Ministry of Finance announced the start of the tax laws.

    Showed documents published last year, purchases one bank is a bank-Huda, which amounted to just over two years, more than 6.455 billion dollars details. And he said it was just an example of what I got dozens of banks associated with all the influential political parties.

    Much of this is due "fraud and irregularities and crimes" to the corridors of the central bank, which was seized by al-Maliki, and he appointed close to him in all his joints, even before the dismissal of the governor of the bank Shabibi at the end of 2012, not subject to the dictates of al-Maliki, according to Shabibi's remarks.

    The latest decision of the owners prior to his release from the Prime Minister's closest aides appointment of a central bank governor, which is on the Keywords, which continues today in his office, al-Maliki confirms the decisive influence in the activity of the central bank until today.

    According to documents of the Finance Committee in parliament, then the central bank is still not providing the answers or "provide us with false information from remittance companies," meaning that the central bank is still involved in financial crimes.

    Finance Committee has warned that the subject matter is very serious, and that "the Iraqi Central Bank began to resort to selling the dollar reserves of the bank after it became entered Iraq from less than dollar selling auctions oil sales."

    She said that "if it continues in this vein, the foreign currency reserves in Iraq would be endangered."

    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue Jul 02, 2024 7:00 am