Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The Central Bank has lost confidence internationally..


HowieC
 Share

Recommended Posts

The Central Bank has lost confidence internationally.. The US Treasury is holding a closed meeting with Iraqi private banks regarding “currency smuggling”
 
2022-11-19
 
 Baghdad
A banking source revealed Friday, a closed meeting that took place between the representative of the US Treasury and representatives of 35 Iraqi private banks, to warn them of issues of dollar smuggling from Iraq and adherence to instructions regarding hard currency transfers for the purpose of import.
The source said, “Thursday 11/17/2022, the representative of the US Treasury at the US embassy met with representatives of 35 Iraqi private banks represented by the authorized director with the compliance director of each bank, warning them of the importance of adhering to the instructions regarding transfers in the currency auction and adhering to the anti-money laundering instructions, otherwise it will be affected.” The sanctions affected other banks, as well as the four banks that were finally sanctioned by the US Treasury.
The source explained that “the representative of the US Treasury touched on that most of the imports fixed in the currency auction, especially those related to foodstuffs, sugar and others, are exaggerated,” stressing “the importance of auction transfers being correct and pertaining to the last beneficiary, who must be carefully scrutinized by the banks.”
According to the source, “the meeting lasted for two hours, from one o’clock until three o’clock in the afternoon, in the guesthouse,” noting that “it is strange that no representative of the Central Bank was invited to attend this meeting, noting that the Central Bank is the institution responsible and supervising the work of Iraqi banks.”
And the source considered that “not inviting the Central Bank is evidence that this institution is losing confidence internationally because of the service between its management and some corrupt banks, such as the four banks sanctioned by the US Treasury.”
يس عراق | Yes Iraq
YESIRAQ.COM
يس عراق | Yes Iraq
 
 
 
 
 
  • Thanks 2
  • Haha 1
  • Upvote 4
  • Pow! 6
Link to comment
Share on other sites

An expert reveals a “suspicious” American meeting with 35 Iraqi banks

  • Time: 11/19/2022 22:24:44
  • Read: 1,287 times
An expert reveals a "suspicious" American meeting with 35 Iraqi banks

  {Economic: Al Furat News} The economic expert, Abdul Rahman Al-Sheikhly, revealed that the representative of the US embassy met with 35 Iraqi banks to warn their owners without the knowledge of the Central Bank of Iraq.

The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here

Al-Sheikhly said; For the “Unannounced” program, broadcast by Al-Furat TV channel this evening, it says: “It is supposed to start fighting corruption in state institutions from the top of the pyramid or below, and big personalities involved in stealing the century.”
He added, “The US Federal Reserve addressed the Central Bank to stop the work of 14 private banks and audit them, and the representative of the US embassy met with 35 banks to warn their owners without the knowledge of the Central Bank of Iraq.”
Al-Sheikhly said, “The banks that the representative of the US embassy met with leaked money to internationally sanctioned countries,” noting that “sales at the currency auction have decreased remarkably in the past two days.”
He continued, “Iraq is not the only country that suffers from corruption, and the previous governments did not seize the opportunity to combat corruption, and the people stand by the Sudanese Prime Minister, Muhammad Shia’a, in the steps to combat corruption.”
Al-Sheikhly indicated, “The state system has become a norm for transferring money illegally, and part of the money for goods does not go to buy them, but to smuggle them, and control is the responsibility of taxes and customs, not the central bank.”

https://alforatnews.iq/news/%D8%AE%D8%A8%D9%8A%D8%B1%C2%A0%D9%8A%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D9%84%D9%82%D8%A7%D8%A1-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D9%85%D8%B4%D8%A8%D9%88%D9%87-%D8%A8%D9%8035-%D9%85%D8%B5%D8%B1%D9%81%D8%A7%D9%8B-%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A7%D9%8B

  • Upvote 9
Link to comment
Share on other sites

A parliamentarian accuses private banks of smuggling currency and money laundering

images?q=tbn:ANd9GcQSoAVWTVLfz5IIBVBlTLN19th November, 20224
Saturday, the deputy of the State of Law coalition, Jassem Atwan, accused private banks of smuggling currency and money laundering in the previous period, calling on the new government to control the doors of currency smuggling out of Iraq.

Atwan said in an interview with "The Information", that "the currency smuggling file is controlled by the 75 private banks," stressing that "the improvement in the economic file starts from controlling the currency smuggling file in order to ensure an increase in the state's foreign reserves."

And he continued, "There are illegal practices that occurred in the recent period from private banks, through which currency was smuggled and money laundered."

He added, "Some private banks are working to weaken the value of the Iraqi dinar in order not to increase the cash reserves of foreign currency," noting that "the continuation of currency smuggling threatens the cash reserves and opens new doors for corruption that cannot be controlled in the future."

And earlier, the economic expert, Abd al-Rahman al-Mashhadani, said in an interview with Al-Maalouma, that "the Iraqi Central Bank selling huge numbers of dollars daily is very suspicious compared to the volume of Iraqi imports," stressing that "the only beneficiary from selling such numbers reached 200 million dollars a day are the private banks that benefit 20 cents from the dollar and one

https://almaalomah.me/news/economy/برلماني-يتهم-المصارف-الاهلية-بتهريب-العملة-وغسيل-الأموال

  • Pow! 1
Link to comment
Share on other sites

Expert: Private banks in Iraq seized the initiatives of the Central Bank

e23e14f8-3c97-44d9-85f5-432d52d96bcb.jpg19th November, 2022
Economic expert Abd al-Rahman al-Mashhadani confirmed Saturday, that private banks have taken over all the initiatives of the Central Bank, adding that they are without any benefit to citizens and investors.

Al-Mashhadani said in an interview with "The Information", that "private banks seized all the initiatives of the Central Bank in order to finance themselves and open other branches for them," pointing out that "we have not seen these huge initiatives to support investors and emerging entrepreneurs from among citizens."

And he continued, "Most of the private banks inside Iraq put the name of investment and development next to their name only without any benefit to the citizens."

He added, "The establishment of private banks in Iraq has become mainly for the purpose of financing affiliated projects," pointing out that "there are many private banks working to keep citizens away and to monopolize their own projects."

And the deputy of the State of Law coalition, Jassem Atwan, had earlier accused the "information" that "private banks smuggled currency and money laundering in the previous period, calling on the new government to control the doors of smuggling currency out of Iraq."

https://almaalomah.me/news/economy/خبير:-المصارف-الاهلية-في-العراق-استولت-على-مبادرات-البنك-الم

  • Like 1
Link to comment
Share on other sites

Vice reveals the reason for the decline in central bank sales

b52a3d18-3822-4815-9ccd-8382f6564c4f.jpe20th November, 2022
Today, Sunday, the deputy of the State of Law coalition, Muhammad Al-Shammari, attributed the decrease in the central bank’s sales of dollars in the currency sale auction to the new government’s control of currency smuggling and money laundering.

Al-Shammari said, in an interview with Al-Maalouma, that "the decrease in the central bank's sales of dollars in the currency auction took place after controlling and laundering all the money that was entering the field of smuggling," stressing that "the Sudanese made a correct start by standing in the face of everyone who was earning money." Profits from selling hard currency for very high amounts, especially in the recent period.

He added, "The features of the work of the new government began to appear through a number of files that were dealt with in the period that followed the previous caretaker government." He pointed out that "there are many officials who have been dismissed or held accountable for all the files that were hacked in the caretaker government headed by Mustafa Al-Kazemi."

And the economic expert, Abd al-Rahman al-Mashhadani, had previously spoken to Al-Maalouma, that "private banks are the only beneficiaries of the sale of the central bank by smuggling hard currency out of Iraq."

The leader of the State of Law coalition, Ibrahim al-Sukaini, had previously spoken to / information /, that "the goal of the change in positions is not to repeat the mistakes and breaches that occurred in the previous caretaker government," pointing out that "state institutions, departments and ministries need to A revolution in changing positions at the level of senior positions in it.

https://almaalomah.me/news/economy/نائب-يكشف-سبب-انخفاض-مبيعات-البنك-المركزي

  • Like 1
Link to comment
Share on other sites

Expert: The International community has called for cooperation with Iraq and previous mistakes can be corrected.

·        Time: 11/20/2022 23:28:27

·        Read: 325 times

  {Politics: Al Furat News} Anti-corruption expert Saad Yassin confirmed today, Sunday, that the international community called for cooperation with Iraq, stressing at the same time the possibility of correcting previous mistakes in combating corruption.

“The international community has called on countries, including Switzerland, to cooperate with Iraq,” Yassin told the “Alam al-Mustarah” program on Al-Furat TV channel, noting that “the recovery fund operates according to the pre-2003 money recovery law.”

He pointed out that “the law requires institutions to file lawsuits to determine the extent of corruption damage,” explaining that “the Anti-Corruption Commission formed is part of the Integrity Commission.”

He pointed out that “the Anti-Corruption support Authority undertakes the implementation of arrest and recruitment orders,” stressing the possibility of “rectifying previous mistakes that occurred in the fight against corruption.”

He added, “There are clear havens for large sums looted from the country, and some of these funds have become part of the economies of some countries,” noting that “the judiciary can freeze, seize, and recover funds for corruption at home.”

He continued, “There are differences between the concepts and legal mechanisms in Iraq and other countries,” stressing that “most of the recovered money is for crimes before 2003.”

https://alforatnews.iq/news/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%AC%D8%AA%D9%85%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%AF%D8%B9%D8%A7-%D9%84%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%88%D9%8A%D9%85%D9%83%D9%86-%D8%AA%D8%B5%D8%AD%D9%8A%D8%AD-%D8%A7%D9%84%D8%A3%D8%AE%D8%B7%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D9%82%D8%A9

  • Like 1
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.