yota691 Posted December 6, 2015 Report Share Posted December 6, 2015 Tamimi stresses the abolition of the currency auction and keep the Central Bank from quotas History of edits:: 2015/12/5 15:56 • 164 visits readable [baghdad-where] criticized a member of the parliamentary finance committee Majida al-Tamimi current Central Bank, "stressing" the need to cancel the auction currency and the dimensions of Directors of the Bank for quotas partisan and political. " Said al-Tamimi said in a statement received by the agency all of Iraq [where] a copy of it, that "political and partisan quotas confused the work of government institutions, particularly the economic ones," stressing "the necessity to run the central bank by specialists economy and money, not according to the quotas that have caused the destruction of the economy Iraq. "Tamimi said and explained," currency auction in a large increase in spite of our pleas many of the Central Bank of the need to reduce the sales of hard currency, especially since these sales sometimes be covered by the reserve value negatively affect the quantity, "stressing the" importance of maintaining the size of the reserve and in line with international standards. "It pointed out that" there is a great imbalance in the currency auction, "noting that" the central bank customers from the private sector are buying the dollar at the official rate under the pretext of covering imports State and this move carry an imbalance intentional, the fact that the sale of the dollar at the official rate goes into the pockets corrupt. "and was amazed Tamimi of the" insistence of the central bank to hold an auction of the currency, "she wondered," Is there in the neighboring countries, an auction of the coin as is the case in Iraq. "and raised suspicions of corruption and operations of laundering money through the central bank auction where announced, specialized issues of integrity and crime a misdemeanor court Economic and money laundering, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely chairman. "The Federal Court Supreme, announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day." with the exception of the Governor Central Bank and the Agency on the Keywords, the court's decision as "came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions." The relationships declared in 20 of the month of November last that the bank reserves foreign exchange of 60 billion dollars, "adding that" enough for six months, "noting that" the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation, ".anthy 3 Link to comment Share on other sites More sharing options...
Synopsis Posted December 6, 2015 Report Share Posted December 6, 2015 Yota - Thanks for great article. I think ending the currency auctions is a main key to the event signifying the removal of corruption needed for the economic reforms to be fully implemented. 3 Link to comment Share on other sites More sharing options...
docneedles Posted December 6, 2015 Report Share Posted December 6, 2015 She is right. Their neighbors don't have auctions. Get off the auctions, unpeg from the dollar, go to a float and ring the bell. 7 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 6, 2015 Report Share Posted December 6, 2015 ***/// Atta girl, Tamimi... apparently you are now aware of just who is really at the helm, sailing yer currency boat over there... and what their self-serving motives are... ... looka what the "FED" has done to US since they first laid a cloven hoof on the shores of Jekyll Island in our formerly Great Land.... 2 1 Link to comment Share on other sites More sharing options...
Zcountess Posted December 6, 2015 Report Share Posted December 6, 2015 (edited) Absolutly... they have to cancel those auctions i agree ..I hope it get done!..UNPEG YES,,DROP YOUR LOWER DENOMS Edited December 6, 2015 by Zcountess 4 Link to comment Share on other sites More sharing options...
djgabrielie1 Posted December 6, 2015 Report Share Posted December 6, 2015 I'm overwhelmed. I'm sure Ronscarpa will be as well. 2 Link to comment Share on other sites More sharing options...
Laid Back Posted December 6, 2015 Report Share Posted December 6, 2015 Time to stop daily auctions and give real value to the dinar. Dollarize... Increase exchange rate... Dedollarize 6 Link to comment Share on other sites More sharing options...
davis411 Posted December 6, 2015 Report Share Posted December 6, 2015 then this is good news then eh 1 Link to comment Share on other sites More sharing options...
Candy01 Posted December 6, 2015 Report Share Posted December 6, 2015 A HUGE AMEN, docneedles!! :bravo: :praying: 1 1 Link to comment Share on other sites More sharing options...
sandfly Posted December 7, 2015 Report Share Posted December 7, 2015 THANKS 2 Link to comment Share on other sites More sharing options...
yota691 Posted December 8, 2015 Author Report Share Posted December 8, 2015 Tamimi: Auction currency destroyed Iraq's economy08/12/2015 BAGHDAD / JD / .. criticized a member of the parliamentary finance committee Majida al-Tamimi current Central Bank, as pointed out the need to abolish auction currency called to distance his administration from quotas partisan and political. She said Tamimi, a statement posted on its official website and seen by Agency / KD / The quotas political and partisan confound the work of government institutions, particularly the economic ones, "stressing" the necessity to run the central bank by specialists economy and money, not according to the quotas that have caused the destruction of Iraq's economy. "She said al-Tamimi said the currency auction in a large increase in spite of our pleas to the many Bank Central need to reduce the sales of hard currency, especially since these sales sometimes be covered by the reserve value negatively affect the quantity, "emphasizing" the importance of maintaining the size of the reserve and in line with international standards. "The eye that" there is a great imbalance in the auction currency "which showed that the central bank customers from the private sector are buying the dollar at the official rate under the pretext of covering imports State and this move carry an imbalance intentional, the fact that the sale of the dollar at the official rate goes into the pockets of corrupt" .ostgrepett Tamimi of the "insistence of the central bank to hold an auction of currency", wondering "Is there in the neighboring countries of the coin auction as is the case in Iraq / end / 22 / 5 Link to comment Share on other sites More sharing options...
calkid11 Posted December 8, 2015 Report Share Posted December 8, 2015 Thank you Yota 1 Link to comment Share on other sites More sharing options...
Big_J Posted December 8, 2015 Report Share Posted December 8, 2015 There has to be more good news after reading this Let me get my coffee My wife says change is here 1 Link to comment Share on other sites More sharing options...
Bongalow Posted December 8, 2015 Report Share Posted December 8, 2015 http://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstoryid%3D23451 here is another angle from her and currency reserve info. Thanks 3 Link to comment Share on other sites More sharing options...
Big_J Posted December 8, 2015 Report Share Posted December 8, 2015 Link to comment Share on other sites More sharing options...
yota691 Posted December 9, 2015 Author Report Share Posted December 9, 2015 Bongalow, on 08 Dec 2015 - 1:37 PM, said: http://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstoryid%3D23451 here is another angle from her and currency reserve info. Thanks Tamimi: banks managers benefit from the central auction 300-400 million dollars a month History of edits:: 2015/12/8 15:17 • 531 visits readable [baghdad-where] a member of the parliamentary Finance Committee, Majida al-Tamimi, said banks managers benefit from currency auction of the Central Bank between 300 to 400 million dollars a month. " Said al-Tamimi, in a statement received by the agency all of Iraq [where], a copy of "the lowest person of chairmen of departments in some private banks taken advantage of currency auction of about 300 to 400 million dollars a month," pointing out that "the reserve state continues to decline, as it was more than $ 80 billion and is now $ 59 billion as a result of the loss of money and she went into the pockets of the corrupt. "She pointed out that" the currency auction, which stress the cancellation of tours licenses destroyed Iraq's economy, because the money that is wasted in these two very large paragraphs and must be size serious review for them, "adding that" the importance of a central bank governor and the first line in the administration of specialists in economics and finance, and those with advanced degrees, and enjoyed the experience and banking Specialization financial side. "She said Tamimi," The Finance Committee received a letter from the central bank It is in the process of study and answer them, and then will host the governor to put points on the characters and to reduce the large size of the corruption indicator we have, "asking the governor by providing them with" a formal letter explaining in detail how much was the official reserve and how much was now, for the attention of the Iraqi people to the amount of money wasted. " . revealed Tamimi for "the one person to import materials worth two billion dollars and the capital of his company of 50 million dinars only," she wondered, "How the central bank to deal with such people." The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that Bank reserves of foreign exchange of 60 billion dollars, "adding that" enough for six months, "noting that" the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation. "and raised suspicions of corruption and operations of money laundering through the central bank auction as announced, Court specialized issues of integrity and economic crime and money laundering offenses, 20, last August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely chairman " .is over 1 Link to comment Share on other sites More sharing options...
Recommended Posts