Conscious / Finance parliamentary replace the currency auction open letters of credit

[djgabrielie1]

 

Conscious / Finance parliamentary replace the currency auction open letters of credit

 

 

Conscious / Baghdad / MA

Confirmed member of the Finance Committee MP Majda al-Tamimi, on Wednesday, the influential people are the beneficiaries of the auction and sale of hard currency reserves of the Central Bank, while suggesting to the need to replace the currency auction open letters of credit.

According to Al-Tamimi in a statement received (and the Iraqi News Agency Information / INA) a copy of it, that "it is supposed to replace the auction foreign currency to open letters of credit", stressing the need that "the importer while on the import of goods to open an account and converted by the appropriations attributed the reason that This method is the most transparent, sending the money to import only. "

He added that the "hard currency by the central bank auction punctuated by a lot of corruption and falsification of documents sale," noting, "There are investors providing false invoices".

She said "the central bank reserves go to certain persons", indicating that "influential people are the beneficiaries of the auction sale of hard currency."

 

 

[tigergorzow]

djg Thanks, The CBI has a lot of pressure from the GOI & Parliament members to shut down the auctions due to corruption, etc.  I totally agree with their assessment.

[ChuckFinley]

This could really push them to raise the value, issue the smaller denomination, and the removing of the USD.

[sandfly]

CHUCK LETS SEE IF THEY WILL DO IT

[Laid Back]

CBI under pressure.!

Dollarize...stop auctions...increase exchange rate...Dedollarize

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