A member of the parliamentary economy: the decline of the banking sector caused by those who prepare

A member of the parliamentary economy: the decline of the banking sector caused by those who prepare themselves regulator [Audio]




Friday, June 7, 2013 09:18

[Baghdad - where]

He attributed the parliamentary economic committee member Kanna reasons behind the decline of the banking sector to those who prepare themselves both from within the regulatory House of Representatives اوغيره and political conflicts between the two parties.

The central bank has promised to take measures to raise and stabilize the price of the Iraqi dinar as it was in the past, but the impairment and the exchange rate of the dinar continues.

He said we were told all of Iraq [where] that "rampant corruption in the country had a major role in the decline of the banking sector, and is supposed to address this corruption campaigns and money laundering taking place in the windows of a fake, and this is hurting the economy and the Iraqi currency in the country."

He added that he "assumes the use of technical means and prevent wastage of public money," noting that "the indiscriminate charges against some officials at the central bank was the reason behind the decline in the banking sector as well as political conflicts, as well as lack of experience and competencies."

Observers believe Economists and analysts said the increased turnout to buy the dollar has led to a significant drop in the price of the dinar, and attribute this to smuggle most of it will offer daily Central Bank of dollars abroad.

The Iraqi Central Bank announced shortly before the new procedures limit the availability of the U.S. currency in markets where demand to buy them, amid suspicions suggest the smuggling of large amounts of hard currency for the benefit of neighboring countries.

And issued the CBI, new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and money transfer companies and trading firms currency from the dollar is estimated according to the capital of each of them, and will increase and reduce this share compared to the commitment of all of them deliver the amounts they want customers citizens.

The central bank starts to put the dollar at an auction for the sale of foreign currency at subsidized prices and the lowest of the real exchange rate in the market to support the dinar. "

Observers fear stop CBI those auctions and then multiply the value of the dollar against the dinar. "

The central bank is facing charges for the staff in conjunction with officials in the state with corruption and smuggling of currency, the Bank is currently subject to investigations affected province former Shabibi, who left Iraq several months ago and no longer fear of arrest according to the warrant.

Employees complain and retirees who receive their salaries in dinars from price rises, and that their salaries are no longer sufficient to meet their needs and that the rise in prices has included real estate and rentals, as well as transportation, food and clothing. 2 ended.

[You must be registered and logged in to see this link.]

They are just like us,they do not have enough to live on.T-Y Rocky