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Showing results for tags 'improve policy to support dinar value !'.

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Found 1 result

  1. CNN. Broadcasting While Making A Collect Call To The Governor Of The Central Bank ! (by don961) Coming soon .. Call the governor of the Central Bank .. Mafiat corruption seize the auction of hard currency Updated 12/11/2017 11:05 AM BAGHDAD / DANNIR / .. Detectors in the financial and economic affairs of the existence of mafia corruption seized on the auction of hard currency in the Central Bank, which made there a large drain of the hard currency in the country, calling the federal government to close the currency auction because it has become an outlet to destroy the national economy. According to the parliamentary finance committee, the corruption mafia controls the auction of hard currency calls for the competent authorities to intervene to reduce the depletion of the currency because it is considered a destruction of the national economy. "There are four parties that control the hard currency auction at the central bank, including small private banks that are almost fictitious, employees of the Central Bank, businessmen and other fictitious companies," MP Majida al-Tamimi told Agence France-Presse. She added that "the Finance Committee will call the governor of the Central Bank to discuss this issue to reduce the depletion of hard currency." For his part, said the expert in financial Bashim Tamimi, the auction of hard currency has become an outlet for corruption and the destruction of the economy, pointing out that his presence to destroy the national currency contrary to what is planned. Al-Tamimi told "Dinar" that the volume of corruption at the auction requires the intervention of the competent government agencies and the Integrity Commission to hold accountable those responsible for the destruction of the Iraqi economy, calling for the cancellation of the auction and the search for a new mechanism to balance the balance of currency. Experts believe that the currency auction with the Central Bank is a gateway to the smuggling of funds and whitening them, stressing that the currency auction is limited to certain companies belonging to political parties beneficiaries, while demanding the Central Bank to cancel the auction of currency and improve its monetary policy to support the value of the dinar. The depletion of Iraq's money in the sale of the currency to reduce Iraq's reserve of hard currency in the central bank to 43 billion dollars, according to MP Abdul Salam al-Maliki, a member of the Committee on Economy and Investment, adding that the central bank sells in the auction monthly about $ 6 billion in return for oil imports not Up to this amount. According to observers and activists, the Commission for Integrity has recently announced the increasing number of bank frauds and the theft of billions of dinars from government banks with a check without credit. With the complicity of some staff. / End / 8 / link
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