Links research center - the strongholds of corruption: Auction currency in Iraq model
Wrote: October 30, 2016
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
Wrote: October 30, 2016
[You must be registered and logged in to see this image.]
Only in Iraq !! No voice is louder than corruption, and there is no word more popular among Iraqis elsewhere , It has become the focus of everyone's attention, especially with the spread of international and local documents, to wake up the Iraqis who are tired of killing, displacement and poverty, the largest systematic corruption in history, and of course simple and no one else pays the bill at the end of the citizen.
We're going to talk, which we began in a previous article about the currency by the Central Bank of Iraq auction, The importance of this auction stems from being an auction for the exchange of foreign currency in Iraq to cover large expenses to support Iraq's foreign trade and the other hand to help him on a partial withdrawal of local currency markets to help maintain on specific levels of inflation.
Days before the Iraqi Central Bank announced its decision to deny three private banks and 99 banking company from entering sell the currency window, for violating the laws and regulations on the purchase and sale of foreign currency. It is of course information we've published a number of articles and reports on corruption within the corridors of the currency auction, and views of influential figures do not care about the law or regulations.
Many of the documents revealed the largest corruption ports that leaked $ 312 billion through auctions of the Central Bank to sell the currency through fake invoices .. It seems that these documents there will be daily turn of events experienced by Iraq, and because of the evidence of the involvement of figures in the processes of corruption, and recently revealed the Minister of Finance Hoshiyar Zebari, during an earlier television interview for converting an amount of six billion, four hundred and fifty million dollars to account Hamad Yasser Mohsen al-Moussawi, the owner of Bank of Huda, has sources indicated that the amount transferred more than nine billion and has been converted from Hamad al-Moussawi.
The central bank publish a copy of the letter to the sender of the Integrity Committee Algnapeh, and he declared for the lack of any transfer of $ 6 billion and $ 455 million outside Iraq to account Moussawi.
[You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]
That makes it easier for these people who play with money Iraqis work, parking personalities in charge behind them, thus the field was available to them and their operations, suspicious, and here we mention reports that former Prime Minister Nuri al-Maliki to stop behind characters like; Hamad al-Moussawi, which had a long history at the central bank operations and money laundering, and sources indicated Maliki defend the innocence of al-Musawi, who is one of the closest merchants Menh, who is also one of the arms of Almaliki, to close all the files of corruption that could topple the big heads.
In the same context, he revealed the parliamentary finance committee member Majda al-Tamimi that banks managers benefit from currency auction of the Central Bank of the value range between 300 to 400 million dollars a month.
She pointed out that «the state reserves of foreign currency has greatly decreased as a result of leakage of funds to the pockets of their recipe Balvasudain» In addition to the presence of 20 defendants in these cases, some degree Bank Chairman.
As himself links Centre for Research and Strategic Studies in a previous article detects a meeting of a number of banks and banking employers in Baghdad about the dollar and the need to reduce its price on the black market, and Hdoa issued a decision to limit the auction a limited number of banks.
As is well known, "it is the security of the penalty offended literature" lost whales auction threatened to issue a decision to limit the auction a limited number of banks, some of whom said they were able to in all aspects of the state control, and the price of the dollar and they reject the dollar sell the asset in their accounts abroad.
Delve into the subject of the currency auction complex and precise, as a result of providing the necessary cover by a sensitive positions in Iraq figures, and it shows through the money that has smuggled in the currency auction, which was estimated at 57% of oil imports since 2006 size, while talking reports smuggling of nearly 200 billion dollars from Iraq to other countries between 2005 and 2014.okzlk talked earlier reports that the central bank in 2009 sold 92%, which entered the country from oil imports. "
The Iraqi central bank sold more than $ 44 billion in foreign currency auction in 2015, according to statistics published by the bank that the quantity sold to banks amounted to 44 billion and 303 000 799 thousand and $ 966.
We pointed out that Iraq's debt is today about 77% of GDP, while natural not exceed 60% of GDP, which is an abnormal situation and worrying. Lovers of this case Iraqi debt growth has become a large and Pat Iraq being to countries and donor financial institutions like the World Bank and the IMF industrialized nations seven, currently discussing with Britain to borrow $ 13 billion. However, the current policy has not changed Vomwal people steal by selling the currency in force until the Today.
The economists indicates that the Iraqi borrowing exceeded $ 100 billion, a very large number in a dark tunnel and enter the country because if the interest rate of 2% per year, Iraq will pay $ 2 billion.
Suspicious transactions that took place over the currency auction wasted huge amounts of the capabilities of the Iraqi people, as I have talked reports of wasting billions of dollars by Iraqi officials between 2008 and 2014, during the reign of al-Maliki, who has seen his tenure as prime minister, the biggest corruption in Iraq's history, however, there was no punishment or account.
While the Parliamentary Commission of Economy announced that the bank presented an appeal to the Federal Court to clear the auction at 75 million dollars a day in the budget, which led to cover the merchant need of hard currency on the black market.
The dollar exchange rate in the Iraqi market attests to a continuous rise despite central bank measures to maintain stability; During the past two months, Iraqi market has seen a gradual rise in the dollar's exchange rate against the dinar, is currently up to 1300 dinars to the dollar.
The banking sector in Iraq need to re-review and revealing, it has witnessed the sector suspicious operations of hundreds of billions of dollars, in addition to that he has become a hotbed for some politicians and corrupt and needed today to find strict legislation deters tempted to prejudice Bakot the Iraqi people and the wealth of the country, and put in place mechanisms to check the invoices Health and make sure the customer's account and the fact that the required amounts Do covering imports by the private sector or for other reasons.
Iraqi citizen has been suffering from this corruption, which came on everything and everybody, and even with the government's attempt to facing this great genie is still a torrent of corruption tremendously not stand in his way thing, thus exploded the street and out of thousands of Iraqis took to the streets, demanding the "cleansing" of state institutions of corruption , but it's the size of a large corruption and his family, however, continued reports revealing the extent of the disaster that befell Mesopotamia looted its resources and capabilities lost and divided among a bunch of thieves.
The builder of the renaissance of Singapore Lee Kuan Yew had tosay " when thieves walking in the streets are safe , there are two reasons:" Either the system a great thief or stupid people , thelargest , " is still corrupt practice operations scheduled theft over the office and their relationships , and the sight government. .. While the spread phenomenon of begging in the heart of thecapital Baghdad because of the deteriorating economic situation in Iraq, while Pat auction currency at the Central Bank of Iraq a big feast and money laundering and the smuggling of the dollar abroad, and here is the responsibility of both the government and the people is very large and fast action to save what can be saved before it is applied to Iraq adage "widened the breach Alratq " (strikes at the corruption and could not fix).
Unit Economic Studies
Links Center for Research and Strategic Studies
[You must be registered and logged in to see this link.]
Today at 5:28 pm by Rocky
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
Today at 5:24 pm by Rocky
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
Today at 2:48 pm by Rocky
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
Today at 2:46 pm by Rocky
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Today at 2:44 pm by Rocky
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
Today at 2:42 pm by Rocky
» PM arrives in Houston as part of his visit to USA
Today at 2:41 pm by Rocky
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
Today at 1:46 pm by Rocky
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
Today at 7:14 am by Rocky
» Iraq is close to launching the electronic signature
Today at 7:12 am by Rocky
» The Basra government discusses with an international oil company the implementation of social benefi
Today at 7:11 am by Rocky
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
Today at 7:10 am by Rocky
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
Today at 7:09 am by Rocky
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
Today at 7:08 am by Rocky
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
Today at 7:05 am by Rocky
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
Today at 7:03 am by Rocky
» An American company expresses its willingness to establish LED lighting production lines in Iraq
Today at 7:02 am by Rocky
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
Today at 7:01 am by Rocky
» Political forces present two options to find an alternative to Al-Halbousi
Today at 6:58 am by Rocky
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
Today at 6:56 am by Rocky
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
Today at 6:54 am by Rocky
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
Today at 6:50 am by Rocky
» Work on preparing a law for diplomatic passports
Today at 6:49 am by Rocky
» A female representative accuses the Ministry of Immigration of corruption
Today at 6:47 am by Rocky
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
Today at 6:45 am by Rocky
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
Today at 6:42 am by Rocky
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
Today at 6:41 am by Rocky
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
Today at 5:31 am by Rocky
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
Today at 5:30 am by Rocky
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
Today at 5:29 am by Rocky
» Decrease in dollar prices in Baghdad and Erbil
Today at 5:27 am by Rocky
» The President of the Region brings together the Kurdish parties to resolve the election file
Today at 5:26 am by Rocky
» Al-Sudani receives in Washington the Chairman of JPMorgan
Today at 5:25 am by Rocky
» Transport is starting to transform its ports into smart ones
Today at 5:23 am by Rocky
» Sudanese reveals the volume of exchange with America
Today at 5:22 am by Rocky
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
Today at 5:21 am by Rocky
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
Today at 5:20 am by Rocky
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
Today at 5:19 am by Rocky
» Iraq is on the verge of a “water disaster” by 2035
Today at 5:18 am by Rocky
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
Today at 5:16 am by Rocky
» Transport is beginning to adopt a plan to transform its ports into smart ones
Today at 5:15 am by Rocky
» Completed 8,000 loan transactions at the Housing Bank
Today at 5:14 am by Rocky
» Prime Minister: We plan to invest production capacities for export
Today at 5:12 am by Rocky
» Transformation and partnership...a new horizon in Iraqi-American relations
Today at 5:10 am by Rocky
» What is new in the economic dimension of the Washington visit?
Today at 5:09 am by Rocky
» Two letters to the future
Today at 5:08 am by Rocky
» National interests first
Today at 5:06 am by Rocky
» Iraqi-American rapprochement...a national necessity
Today at 5:05 am by Rocky
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
Today at 5:04 am by Rocky
» Sudanese carries security, economic and development files to Washington
Today at 5:03 am by Rocky
» Armament and military development... features of a sustainable partnership
Today at 5:02 am by Rocky
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
Today at 5:01 am by Rocky
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
Today at 5:00 am by Rocky
» Sudanese and external necessities
Today at 4:59 am by Rocky
» The Strategic Framework Agreement... 7 important provisions
Today at 4:58 am by Rocky
» Joint statement of the Iraqi-American discussions
Today at 4:56 am by Rocky
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
Today at 4:55 am by Rocky
» Towards an effective bilateral economic relationship between Baghdad and Washington
Today at 4:53 am by Rocky
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
Today at 4:52 am by Rocky
» Al-Sudani’s visit to Washington.. Implications and results
Today at 4:51 am by Rocky
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
Today at 4:50 am by Rocky
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
Today at 4:47 am by Rocky
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
Today at 4:46 am by Rocky
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
Today at 4:45 am by Rocky
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
Today at 4:43 am by Rocky
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
Today at 4:42 am by Rocky
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
Today at 4:41 am by Rocky
» Deputy: We reject the term sanctions, and Iraq is financially independent
Today at 4:38 am by Rocky
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
Today at 4:37 am by Rocky
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
Today at 4:36 am by Rocky
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
Today at 4:34 am by Rocky
» Do the Iraqi political blocs really intend to hold the second early elections?
Today at 4:33 am by Rocky
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
Today at 4:32 am by Rocky
» Progress: Al-Halbousi may return to the presidency of Parliament
Today at 4:30 am by Rocky
» Al-Sudani: Iraq has distinguished relations with Iran and America
Today at 4:30 am by Rocky
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
Today at 4:29 am by Rocky
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
Today at 4:27 am by Rocky
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
Today at 4:26 am by Rocky
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
Today at 4:24 am by Rocky
» Iraq signs 18 memorandums of understanding with Washington
Today at 4:22 am by Rocky
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
Today at 4:21 am by Rocky
» A plan to exploit new lands...the latest developments in the wheat, barley and rice season in Iraq
Today at 4:19 am by Rocky
» Al-Abadi accuses oil companies of causing 70% of the cancer rate in Basra
Today at 4:17 am by Rocky
» Justice announces the formation of a higher committee to resolve the state’s real estate file
Today at 4:16 am by Rocky
» Deputy: Iraq seeks to sign the “Water Protocol” with Türkiye
Today at 4:15 am by Rocky
» Al-Sudani stresses the importance of the American company Lockheed’s commitment to opening military
Today at 4:13 am by Rocky
» The team accompanying Sudanese in Washington: America will hand over to Iraq the antiquities that we
Today at 4:12 am by Rocky
» Al-Sudani sponsors the signing ceremony of memorandums of understanding with American companies
Yesterday at 3:38 pm by Rocky
» MM&C 4/17/24 Saleh: The budget tables are almost complete and will take into account urgent circu
Yesterday at 3:36 pm by Rocky
» Saleh: Private banks in Iraq are considering reorganizing themselves with another government structu
Yesterday at 3:33 pm by Rocky
» Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
Yesterday at 3:32 pm by Rocky
» Minister of Oil: Kurdistan’s exports will soon resume, and the region must hand over its oil to SOMO
Yesterday at 3:30 pm by Rocky
» An economic expert identifies ways for Iraq to get out of oil rents... starting with $350 million
Yesterday at 3:29 pm by Rocky
» Parliamentary Oil: A proposal to establish Iraqi refineries in neighboring countries... and these ar
Yesterday at 3:28 pm by Rocky
» Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy
Yesterday at 3:27 pm by Rocky
» MM&C 4/17/24 Al-Sudani receives in Washington the Chairman of JPMorgan
Yesterday at 2:41 pm by Rocky
» MM&C 4/17/24 US Supports Iraq in joining WTO
Yesterday at 2:36 pm by Rocky
» US Supports Iraq in joining WTO
Yesterday at 10:17 am by Rocky
» utube 4/14/24 MM&C Iraqi Dinar - Iraq Prime Minister in Washington - Coming to
Yesterday at 8:58 am by Rocky