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Central Bank cancels auction of currencies, and allegations of smuggling $ 800 million
23/2/2015
Baghdad world
allegedly parliamentary source familiar with that to have the Parliamentary Integrity Commission "Indicators for smuggling nearly 800 million dollars out of Iraq, during Sbqh years through auctions sell the currency.
The comment Economists and Financial on the decision to stop the bank's daily currency auction that the decision does not mean the cancellation of the sale for by remittances, but that cash sales will continue, explaining that he came to curb money laundering and smuggling of currency, warning against complacency and inaction in the follow-up and hand the money purchased by banks from the bank, stressing the need to follow those banks legal proceedings in the transfer of funds.
He spoke observer economic affairs for a rise in the prices of materials and goods in the domestic market, noting that it would be "temporary."
He had revealed Governor of the Central Bank and the Agency on the Keywords that Sunday will stop working ERA Bank and the adoption of the banking system as being responsible for foreign remittances, pointing to the direct preparation study shows the feasibility of removing zeros at this stage.
According to Alak, a press statement, on Saturday that since he took over the responsibility of the Bank's work to bridge the gap in his dealings. He indicated that he was the finalization of a new formula, and leave the old ways, coupled with certain conditions, can not be remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy.
He explained that it is not true that the central stays busy selling the currency like ATM daily.
A former employee of the bank, said "the world" on Saturday, said that "the sale by remittances will stop ", persisting either" cash sales will continue. "
He continued spokesman, who declined to withhold his identity, that "transfers will be between the central bank and the banks," describing the stop remittances decision as "true", in order to organize external trade.
He went to the need for provide banks with which the Bank "evidence probative all aspects of the funds purchased spending from the central bank for the purposes of trade or transfer for legitimate reasons."
The spokesman, which is an observer of economic affairs, not the impact of the decision on the local market, adding there would be a "temporary" rise in the prices of Besides weak people.
He said the decision was made to reduce the "money laundering and smuggling of currency abroad process," after the emphasis is on the banks to follow the assets and legal action in the transfer of funds.
He also believes that such decisions not would "eliminate entirely on currency smuggling The process of money laundering ", adding that" control is done through an integrated device specialist follow-up movement of capital, through the use of modern technology in the supervision and careful supervision. "
For his part, said Bassem Jamil Anton, monitor economic and financial country's affairs, in a telephone conversation with " the world "on Saturday, said that" the decision was made to lay hands and follow-up of hard currency movement outside the country. "
He repeated Anton what the previous speaker that the "sell the currency process will continue, and that the procedure for foreign remittances," believing "the Rising prices in the market occurrence local, but it may not be a big burden on the shoulders of the citizen. "
and tried to "the world" contact Finance Committee of Parliament, to show its position on the resolution, but the MP Mazen Mezni, a member of the Committee evade the answer, unknown reasons, after the connection is terminated as soon as the application of it to know Commenting on the bank's decision, and what are the consequences, under the pretext of the deterioration of the network, with redial and other times not need MP.
A parliamentary source revealed on Saturday, the determination of the Parliamentary Integrity Committee the resumption of the Central Bank of the case file by calling the Integrity Commission of all priorities of the case, noting that the cases of corruption and the depletion of currency auctions Bank continues.
It is alleged the speaker to have parliamentary integrity "indications of smuggling nearly 800 million dollars abroad through these auctions."
The source said in a press statement, seen by "the world" yesterday that "there Committee formed in the previous parliamentary session to expose corruption in the central bank buying the currency, and there was pressure to ease the severity of the statement, which included a reference to the involvement of senior political figures, where it was then refer the matter to the Integrity Commission, and through it to the judiciary, which handed down sentences to condemn a number of implicated number exceeded seven people, including managers procurators. "
He added that the new parliamentary session, "seeks to open that file again, where we had signs and question marks about the issuance of a patent judgment against the convicted former without the presence of new evidence, claiming that the former government was in absentia has developments of new facts after the trial in his presence, "indicating that" we have indications of smuggling nearly 800 million dollars of hard currency abroad and corruption still Auctions currency continuing even now. "
She pointed to "the need to take legislative power swift action with the executive and judicial branches of government to stop the bleeding currency difficult in those auctions to stop the central bank to deal with a civil non-accredited banks or through which collusion with some of the beneficiaries of those auctions. "
He stressed that "the Integrity Committee is open to this file, has demanded that all Protozoa of the Integrity Commission for the resumption of this issue."
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23/2/2015
Baghdad world
allegedly parliamentary source familiar with that to have the Parliamentary Integrity Commission "Indicators for smuggling nearly 800 million dollars out of Iraq, during Sbqh years through auctions sell the currency.
The comment Economists and Financial on the decision to stop the bank's daily currency auction that the decision does not mean the cancellation of the sale for by remittances, but that cash sales will continue, explaining that he came to curb money laundering and smuggling of currency, warning against complacency and inaction in the follow-up and hand the money purchased by banks from the bank, stressing the need to follow those banks legal proceedings in the transfer of funds.
He spoke observer economic affairs for a rise in the prices of materials and goods in the domestic market, noting that it would be "temporary."
He had revealed Governor of the Central Bank and the Agency on the Keywords that Sunday will stop working ERA Bank and the adoption of the banking system as being responsible for foreign remittances, pointing to the direct preparation study shows the feasibility of removing zeros at this stage.
According to Alak, a press statement, on Saturday that since he took over the responsibility of the Bank's work to bridge the gap in his dealings. He indicated that he was the finalization of a new formula, and leave the old ways, coupled with certain conditions, can not be remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy.
He explained that it is not true that the central stays busy selling the currency like ATM daily.
A former employee of the bank, said "the world" on Saturday, said that "the sale by remittances will stop ", persisting either" cash sales will continue. "
He continued spokesman, who declined to withhold his identity, that "transfers will be between the central bank and the banks," describing the stop remittances decision as "true", in order to organize external trade.
He went to the need for provide banks with which the Bank "evidence probative all aspects of the funds purchased spending from the central bank for the purposes of trade or transfer for legitimate reasons."
The spokesman, which is an observer of economic affairs, not the impact of the decision on the local market, adding there would be a "temporary" rise in the prices of Besides weak people.
He said the decision was made to reduce the "money laundering and smuggling of currency abroad process," after the emphasis is on the banks to follow the assets and legal action in the transfer of funds.
He also believes that such decisions not would "eliminate entirely on currency smuggling The process of money laundering ", adding that" control is done through an integrated device specialist follow-up movement of capital, through the use of modern technology in the supervision and careful supervision. "
For his part, said Bassem Jamil Anton, monitor economic and financial country's affairs, in a telephone conversation with " the world "on Saturday, said that" the decision was made to lay hands and follow-up of hard currency movement outside the country. "
He repeated Anton what the previous speaker that the "sell the currency process will continue, and that the procedure for foreign remittances," believing "the Rising prices in the market occurrence local, but it may not be a big burden on the shoulders of the citizen. "
and tried to "the world" contact Finance Committee of Parliament, to show its position on the resolution, but the MP Mazen Mezni, a member of the Committee evade the answer, unknown reasons, after the connection is terminated as soon as the application of it to know Commenting on the bank's decision, and what are the consequences, under the pretext of the deterioration of the network, with redial and other times not need MP.
A parliamentary source revealed on Saturday, the determination of the Parliamentary Integrity Committee the resumption of the Central Bank of the case file by calling the Integrity Commission of all priorities of the case, noting that the cases of corruption and the depletion of currency auctions Bank continues.
It is alleged the speaker to have parliamentary integrity "indications of smuggling nearly 800 million dollars abroad through these auctions."
The source said in a press statement, seen by "the world" yesterday that "there Committee formed in the previous parliamentary session to expose corruption in the central bank buying the currency, and there was pressure to ease the severity of the statement, which included a reference to the involvement of senior political figures, where it was then refer the matter to the Integrity Commission, and through it to the judiciary, which handed down sentences to condemn a number of implicated number exceeded seven people, including managers procurators. "
He added that the new parliamentary session, "seeks to open that file again, where we had signs and question marks about the issuance of a patent judgment against the convicted former without the presence of new evidence, claiming that the former government was in absentia has developments of new facts after the trial in his presence, "indicating that" we have indications of smuggling nearly 800 million dollars of hard currency abroad and corruption still Auctions currency continuing even now. "
She pointed to "the need to take legislative power swift action with the executive and judicial branches of government to stop the bleeding currency difficult in those auctions to stop the central bank to deal with a civil non-accredited banks or through which collusion with some of the beneficiaries of those auctions. "
He stressed that "the Integrity Committee is open to this file, has demanded that all Protozoa of the Integrity Commission for the resumption of this issue."
[You must be registered and logged in to see this link.]
