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A deputy calls on the governor of the Central Bank to stop the "corruption of the currency auction"


yota691
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Today, Monday, Representative Alia Nassif warned against the continuation of what she called the subversive role played by the currency auction, and while she indicated that a group of traders acquires the lion’s share of dollar sales and achieve insane profits at the expense of the Iraqi people, she called on the governor of the Central Bank to implement a campaign to reform and root out spoilers. .

Nassif said in a statement received by Alsumaria News, "The rise in dollar prices despite the high sales of the daily auction of the Central Bank, is caused by the monopoly of sales by three people who own well-known banks, and these get the largest share of dollar sales in collusion with some corrupt."
 
 
 


And she added, "The sales of the Central Bank, for example, for the period from 4 / 11 to 6 / 4 / 2021 are up to (6162125) dollars (six billion one hundred and sixty-two million and one hundred and twenty-five dollars) and for 33 working days (excluding holidays and holidays)," she pointed out. The three merchants acquired most of these sales, as the first (who owns three banks) got 850 million dollars out of the six billion sold by the central bank, the second (a bank owner) got 264 million dollars, and the third (the owner of a Kurdish bank) got 200 Million dollars, noting that these three dominated the currency auction in the last three months of last year that preceded the rise in the dollar price because they were aware that it would rise, and therefore their banks obtained approximately two billion dollars to resell it after raising its price by the state, meaning that they bought The dollar was worth 119 dinars and they sold it for more than 140 dinars.”

 



Nassif continued, "Since holding these merchants and employees colluding with them is almost impossible because they are an octopus that extends even to Parliament, to the point that dismissing a minister or dismissing a government is easier than holding them accountable, the alternative solution is for the governor of the Central Bank to implement a campaign to reform and root out the corrupt and stop the wheel of corruption in The currency auction in one way or another, and stopping this attrition that destroyed the Iraqi economy, and if it is not stopped, poverty will increase to reach dangerous levels, knowing that the high price of the dollar serves all the corrupt and burdens the poor.”

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2 hours ago, yota691 said:
The solution is for the governor of the Central Bank to implement a campaign to reform and root out the corrupt and stop the wheel of corruption in The currency auction. 

 

Thanks Yota691 ... They've been talking about this as long as I can remember. True transparency in the Auctions, and violations must be prosecuted. Prosecution must be serious, severe, and permanent - put the fear of God in them ... JMHO..! :salute:Ron

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Thanks Ron..I know you are on top of this daily. Seems like each country has

their own special scams. In this country we have all the higher military ranks

retiring to adviser jobs at weapons companies. They sell advanced weapons

to our government and in a lot of cases our government gives away perfectly

good equipment to smaller countries ALL PAID FOR BY US TAX PAYERS. 

                                 Thanks for all you do,but nothing will change.

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Parliamentary bloc: "parasitic" banks acquire monthly 300 billion dinars in the currency auction

Economie11:13 - 06/08/2021

 
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Baghdad - Mawazine News
The National Parliamentary Nahj Bloc revealed, on Tuesday, the existence of what it called parasitic banks, which receive monthly profits of more than 300 billion dinars in the currency sale auction.
The head of the bloc, Representative Ammar Tohme, said, in a statement that Mawazine News received a copy of it, that "with the passage of time, the failure and harm of the dollar exchange rate decision and its severe repercussions on the stability of the market and millions of Iraqis is proven, and there is no beneficiary of this decision except the owners of parasitic banks and their political partners. influential people".
He pointed out that "all the justifications put forward by the defenders of raising the exchange rate, that it turned out to be false and unrealistic, especially with the rise in the price of oil globally, and with negligence and negligence in controlling outlets and not restricting the import of materials similar to the local product, and not taking even a simple step in providing a support structure The national industry they mentioned was a justification for their unjust decision to raise the price of the dollar.
He explained that "on the contrary, the central bank returned to sell daily more than (200) million dollars, without these sums, nor the parasitic banks that taking possession of them, contributing to huge profits through speculation in any economic or development activity, justifying the monopoly of these banks that are interconnected with forbidden utilitarian relations with Powerful politicians have imprinted greed and greed on their hearts, and they have become a source of evil and great harm.”
Tohme affirmed that "by a simple account from the sale of the Central Bank, what the owners of parasitic banks, supported by oppressive and influential politicians in the political scene, earn daily ten billion dinars, and at a rate of (300) billion dinars per month, and all this is a drain on the hard currency reserves acquired by opportunists and the people bear a tax." Satisfy the whims of selfish covetousness," according to his expression.
He asked, "Has the world seen or heard in any part of it that corrupt merchants, in partnership with politicians, who followed the approach of Qarun, raise the exchange rate of the currency, so that the common people will bear the harm and suffering, and the oppressors and thieves reap these huge illegal profits?"
The head of the National Nahj bloc called for continuous pressure on decision-makers to restore the dollar's exchange rate to what it was before and end this "painful farce." Ended 29/A 4

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The auctions will stop when the country goes into bankruptcy because the GOI refuse to do the right thing. You will have to force them by a revolution from the people or bankruptcy because they are continuing with the same economic policy which will not sustain the country on oil revenue alone!! Read the world bank report!! 

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Parliamentary reveals a group of traders that take the lion's share of dollar sales

political02:58 - 09/06/2021

 
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Baghdad - Mawazine News
, Representative Alia Nassif revealed, on Wednesday, the presence of a group of merchants that take the lion's share of dollar sales and make crazy profits at the expense of the Iraqi people, calling on the governor of the Central Bank to implement a campaign to reform and eradicate the spoilers.
Nassif said, in a statement that Mawazine News received a copy of, that "the rise in dollar prices despite the high sales of the daily auction of the Central Bank is caused by the monopoly of dollar sales by three people who own well-known banks, and these get the largest share of dollar sales in collusion with some corrupt ".
And he added, "The sales of the Central Bank, for example, for the period from 4 / 11 to 6 / 4 / 2021 are up to (6162125) dollars (six billion one hundred and sixty-two million and one hundred and twenty-five dollars) and for 33 working days (excluding holidays and holidays), and it acquired The three merchants got most of these sales, as the first (who owns three banks) got 850 million dollars out of the six billion sold by the Central Bank, the second (a bank owner) got 264 million dollars, and the third (the owner of a Kurdish bank) got 200 million dollars. Note that these three controlled the currency auction in the last three months of last year, which preceded the rise in the price of the dollar, because they were aware that it would rise, and thus hit their strike and their banks obtained nearly two billion dollars to resell it after raising its price by the state, meaning that they bought The dollar was for 119 dinars and they sold it for more than 140 dinars.
Nassif indicated: "Since holding these merchants and employees colluding with them is almost impossible because they are an octopus that extends even to Parliament, to the point that dismissing a minister or dismissing a government is easier than holding them accountable, the alternative solution is for the governor of the Central Bank to implement a campaign to reform and root out the corrupt and stop the wheel of corruption In the currency auction in one way or another, and to stop this attrition that destroyed the Iraqi economy, and if it is not stopped, poverty will increase to reach dangerous levels, knowing that the high price of the dollar serves all the corrupt and burdens the poor.” Ended 29/A43

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The Independent/- Representative Alia Nassif, the Prime Minister and the Integrity Commission, demanded to stop the smuggling of hard currency from Iraq through the salaries of employees of oil licensing companies, stressing the need to deliver them through Iraqi banks.

Nassif said today: “The salaries of the employees of the licensing companies are more than 200 million dollars per month, and this huge cash block passes through corrupt people from the Ministry of Oil abroad,” indicating that: “In all the systems of the world it is not allowed to take out such a sum of hard currency abroad ( monthly) as salaries except through controls that ensure that no harm is caused to the national economy and the local currency.”

She stressed the need for the Prime Minister and the Integrity Commission to intervene and instruct their salaries to be received through Iraqi banks after they are deposited in them.

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Nassif calls for an end to the smuggling of hard currency from Iraq through oil licensing companies

political03:37 - 11/06/2021

 
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Baghdad - Mawazine News
MP Alia Nassif, the Prime Minister and the Integrity Commission, demanded to stop the smuggling of hard currency from Iraq through the salaries of employees of oil licensing companies, stressing the need to deliver them through Iraqi banks.
And she said in a statement today: "The salaries of the employees of the licensing companies are more than 200 million dollars per month, and this huge cash block passes through corrupt people from the Ministry of Oil abroad," indicating that: "In all the systems of the world it is not allowed to take out such an amount in hard currency abroad. (monthly) as salaries except through controls that ensure that no harm is caused to the national economy and the local currency.”
Nassif stressed the need for the Prime Minister and the Integrity Commission to intervene and instruct their salaries to be received through Iraqi banks after they are deposited in them

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Wednesday 16 June 2021 | 01:23 PM
Number of readings: 116

 

On Wednesday, the Investment and Economy Committee in the House of Representatives sent an urgent call to the central government regarding the dollar exchange rate and the country's border crossings .

Committee member Nada Shaker said that its committee "demanded the government to direct the Ministry of Finance and the Central Bank to address the error of raising the price of the dollar against the Iraqi dinar, in which only the Iraqi citizen was harmed ."

She added, "The decision to raise the exchange rate of the dollar contributed to the recovery of many banks and agencies affiliated with influential personalities with millions of dollars, and therefore the government must put an end to this catastrophic failure ."

And she indicated that "the pretext for this decision was to prevent currency smuggling, while the currency auction is still not controlled so far, as well as to protect the local product, but the border crossings are still open to foreign goods and merchandise ."

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Information / Baghdad.

The economic expert, Nabil Jabbar Al-Ali, warned, on Wednesday, of the depletion of hard currency outside Iraq due to the auction of selling currency in the country, noting that sales increased by 25% over previous years.

Al-Ali said in a statement to "Al-Maalouma", that "the rates of selling hard currency during the previous years were around 150 million dollars per day."

He added that "the rates rose at the end of 2020 to reach 180 million dollars per day," noting that "the sales of the Central Bank rose frighteningly after the approval of the 2021 budget, by 25%, that is, 230 million dollars per day."

Al-Ali explained, “The process of the new dollar exchange rate did not limit the sale of the hard currency auction, but rather failed to put an end to stopping the differences in some banks and companies,” stressing that “the currency auction is considered by many as a door to corruption and a drain of hard currency in Iraq .”

The Parliamentary Finance Committee revealed earlier, its intention to hold a series of meetings and host the governor of the Central Bank of Iraq after the dollar rose against the dinar, indicating that the economic situation in Iraq   will not bear more wrong decisions. finished/ 25 h

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21 hours ago, yota691 said:
  
%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%

 

Information / Baghdad.

The economic expert, Nabil Jabbar Al-Ali, warned, on Wednesday, of the depletion of hard currency outside Iraq due to the auction of selling currency in the country, noting that sales increased by 25% over previous years.

Al-Ali said in a statement to "Al-Maalouma", that "the rates of selling hard currency during the previous years were around 150 million dollars per day."

He added that "the rates rose at the end of 2020 to reach 180 million dollars per day," noting that "the sales of the Central Bank rose frighteningly after the approval of the 2021 budget, by 25%, that is, 230 million dollars per day."

Al-Ali explained, “The process of the new dollar exchange rate did not limit the sale of the hard currency auction, but rather failed to put an end to stopping the differences in some banks and companies,” stressing that “the currency auction is considered by many as a door to corruption and a drain of hard currency in Iraq .”

The Parliamentary Finance Committee revealed earlier, its intention to hold a series of meetings and host the governor of the Central Bank of Iraq after the dollar rose against the dinar, indicating that the economic situation in Iraq   will not bear more wrong decisions. finished/ 25 h

One day soon 

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How are you going to stop the corruption when you have most of the politicians corrupt. Plus you have a corrupt CBI governor to top it off.  At this point I am feeling that the prime minister is also involved, At first I felt he was one of the good guys in Iraq. The more I read about the PM the more I am thinking he involved.  He sure is not arresting the corrupt politicians. These politician don't want the country to be successfpul they would prefer to keep the country in stagnation. They need to stop the auctions but then these crooked politicians and the CBI governor would not be able to milk the country of it US dollars. 

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