Deputy Invites The Central Bank Regarding Private Banks

[yota691]

Deputy Invites The Central Bank Regarding Private Banks

06/07/2022

9

Earth News/ The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called today, Wednesday, the Central Bank of Iraq to reconsider the classification of Iraqi private banks and hold them accountable that did not provide any investment or economic benefits to Iraq.

Al-Mayahi said in a statement, received by Earth News, that "there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into   shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying with forged invoices. To the Central Bank and speculation in the markets, which negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.

He added, "The Central Bank had previously worked on grading private banks according to what they presented, but unfortunately we did not find any of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that engulfed the country. In the country, despite this,   its wealth continues to grow from the country’s bounties without any account or supervision.”

Al-Mayahi stressed “the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and in If the reluctance continues, work should be done to withdraw its licenses and oblige them to pay fines for the extent of the damage they have caused to the Iraqi economy and the private sector.”

 

[yota691]

 

Parliament: Private banks in Iraq have turned into shops that drain hard currency by smuggling it

 

 2022-07-06 08:21

 

Shafaq News/ The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called on the Central Bank of Iraq, on Wednesday, to reconsider the classification of private Iraqi banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to some of those banks turned into "shops" to issue letters of guarantee. Taking high and large commissions, in addition to draining hard currency and smuggling it with false invoices.

Al-Mayahi said in a press statement, received by Shafak News Agency, that "there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying bills. A fake to the Central Bank and speculation in the markets, which negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.

He added, "The Central Bank has previously worked on grading private banks according to what they offer, but unfortunately, we did not find any of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that engulfed the country." In the country, despite this, its wealth continues to grow from the country’s bounties without any account or supervision.”

 

He stressed the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans. Continued reluctance to work to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.

[yota691]

Deputy warns of "banking shops" draining hard currency in Iraq

 

- 07-06-2022 03:44 PM - Number of readings: 2139

 

The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called, on Wednesday, the Central Bank to reconsider the classification of private banks and hold them accountable that did not provide any investment or economic benefits to Iraq, warning against turning some of those banks into “shops” to issue letters of guarantee and take large commissions in addition to draining Hard currency and smuggling it with fake bills.

Al-Mayahi said in a statement received by Dijla, that "there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying with fake invoices. To the Central Bank and speculation in the markets, which negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.

He added, "The Central Bank has previously worked on grading private banks according to what they offer, but unfortunately, we did not find any of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that engulfed the country." In the country, despite this, its wealth continues to grow from the country’s bounties without any account or supervision.”

He stressed the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans. Continued reluctance to work to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.

[Bunk]

Barney has got it under control.🚓

[yota691]

Deputy: Private banks have turned into “shops” to drain hard currency and transfer it abroad

 

July 6, 2022

 

 

Baghdad - brother

Today, Wednesday, the representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called on the Central Bank of Iraq to reconsider the classification of private Iraqi banks and hold them accountable that did not provide any investment or economic benefits to Iraq.

Al-Mayahi said in a statement, received by the press (brother), that “there are many private banks led by a number of corruption mafias that, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to the depletion and smuggling of hard currency. abroad, paying with forged bills to the Central Bank and speculating in the markets, which negatively affected the economic situation and harmed the Iraqi private sector and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that benefit Iraq or reduce the suffering of the poor classes.

He added, "The Central Bank has previously worked to classify private banks on grades according to what they offer, but unfortunately we did not find from some of those private banks that were granted advanced degrees any benefit to the country," noting that "these banks did not have any positive role." During the successive economic crises that afflicted the country, noting that “despite this, its wealth continues to grow from the country’s bounties without any account or supervision.”

Al-Mayahi stressed “the importance of the Central Bank’s review of all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans.” He added that "in the event of continued reluctance, work should be done to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector."

[jake21]

Really? You're just realizing this now? What do you think we're all stupid. You are part of the corruption moron!

[yota691]

 

Parliament: Private banks in Iraq have turned into shops that drain hard currency by smuggling it

 

 2022-07-06 08:21

 

Shafaq News/ The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi called, on Wednesday, the Central Bank of Iraq to reconsider the classification of private Iraqi banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to some of those banks turned into "shops" to issue letters of guarantee. Taking high and large commissions, in addition to draining hard currency and smuggling it with false invoices.

Al-Mayahi said in a press statement, received by Shafak News Agency, that "there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying bills. A fake to the Central Bank and speculation in the markets, which negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.

He added, "The Central Bank has previously worked on grading private banks according to what they offer, but unfortunately, we did not find any of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that engulfed the country." In the country, despite this, its wealth continues to grow from the country’s bounties without any account or supervision.”

 

He stressed the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans. Continued reluctance to work to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.

[yota691]

Private banks acquire the sales of the hard currency sale window inside the Central Bank of Iraq.. Watch the video

 

- 07-06-2022 08:32 PM - Read: 14167

 

 

Private banks acquire the sales of the hard currency sale window within the Central Bank of Iraq
283 views Premiered 21 hours ago

[yota691]

Private banks.. Shops for currency auctions and fake letters of guarantee

 

Baghdad / Obelisk: Civil banks are criticized for their transformation into banking shops that trade in central bank dollars on behalf of influential parties.

The circle of criticism expanded from being issued by those dealing with banks, including citizens, companies, traders and businessmen, to the representatives, as the representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called, on Wednesday, July 6, 2022, the Central Bank of Iraq to reconsider the classification of private Iraqi banks and to hold accountable those that were not submitted Any investment or economic benefits for Iraq.

Al-Mayahi said in a press statement, that there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying with fake bills to the Central Bank and speculating in the markets What negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.

He added that the Central Bank had previously worked to classify private banks on grades according to what they presented, but unfortunately we did not find some of those private banks that were granted advanced grades any benefit to the country, and they did not have any positive role during the successive economic crises that afflicted the country, Despite this, its wealth continues to grow from the country's bounties without any account or oversight.

He stressed the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and if they continue Reluctance Work should be done to withdraw licenses from them and oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.

Academic Hassanein Al-Hajjaj says via Twitter that many private banks are shops for currency auctions and semi-fake letters of guarantee, adding: Some of these banks do not have the amounts of guarantee and insurance.

Lawyer Sami Al-Fawazi wrote: The private banks are exchange shops that trade in central bank dollars on behalf of corrupt and political parties.

The writer Shamil Al-Adhamy believes that private banks have become exchange shops according to the medieval system, buying currency to speculate with it or evading it under the category of remittances, or giving loans with interest that are not recorded in taxes to wholesalers through goods transfer offices from China or neighboring countries.

[DoD]

You have to wonder how far up the chain corruption goes in the CBI. 
It would be a stretch to say the CBI governor is blind to these activities, being they’ve been going on for many…..

[screwball]

they will weed out corrupt private banks...banks asked to comply with basil 3 requriements are also those banks that are compliant with reporting requriements, those banks that dont play the game will be suspended from trading on the isx.

[screwball]

11 hours ago, yota691 said:

Academic Hassanein Al-Hajjaj says via Twitter that many private banks are shops for currency auctions and semi-fake letters of guarantee, adding: Some of these banks do not have the amounts of guarantee and insurance.

yep they will be de listed or have to merge this was always going to be the case.

[screwball]

you will find banks like bank of baghdad, commercial bank of iraq, gulf bank and gulf insurance and some others will stay....

[screwball]

only invest in stocks that have huge foreign investment and partners. also choose some bang for buck stocks, just "what if" stocks" get as many as you ca for as little as you can!