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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


    Parliamentary Finance reveal the "obscene profits" generated through private banks sell the currenc

    Rocky
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    • Post n°1

    Parliamentary Finance reveal the "obscene profits" generated through private banks sell the currenc Empty Parliamentary Finance reveal the "obscene profits" generated through private banks sell the currenc

    Post by Rocky Mon 28 Nov 2016, 2:39 am

    [size=30]Parliamentary Finance reveal the "obscene profits" generated through private banks sell the currency[/size]
    28/11/2016 09:02 | Number of Views: 136
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    Direction Press / Baghdad 
     
    Revealed the parliamentary finance committee member Haitham al-Jubouri, from what he described as "obscene profits" earned private banks through currency sale in the central bank window, stressing those banks get half a billion dinars a day through the window, as he emphasized that the financial reserves Iraq has lost $ 33 billion over the about two years.

     
    Jubouri said, "The corruption in the sale of currency is happening in the banks that do not sell in the same price agreed with the Central Bank, where sales gets more than 90 points a window," adding that "each bank liquidates through the window more than a half billion dinars a day."
     
     
    Jubouri said that "it is not called money laundering, but currency smuggling," noting that "banks take advantage of profiteering and this is a violation of the law because most of the bills delivered to sell the currency for the dollar window is forged and we said it again and again."
     
    Jubouri and pointed out that "the Iraqi state reserves dropped from $ 80 billion to 47 billion since 2014, and that means we lost $ 33 billion due to the significant decline in oil prices and a window sell the currency."
     
     
    It is noteworthy that the economic and investment commission in Parliament confirmed, on 23 this November, that "spoilers" control over the work of most of the banks is one of the reasons for "foot-dragging" of those banks and their reliance on auction sell the currency to obtain imports and profits and its inability to support investment.




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