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Saleh: the failure of the banking system, problems and suspicions of corruption
March 11, 2015
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BAGHDAD / News Network Iraq said Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, the adviser of the banking system in Iraq needs to be adjusted and new legislation to H.oukal Saleh: "The banking system in which retardation, problems and suspicions of corruption and needs to be revised in the legislation." He pointed to the "The Islamic banking is still without law" .odaa favor of government banks to unify the law depends on the banking governance properly, adding that "the government is taking this issue into account, in addition to have a package of legislation to amend the banking system." The central bank may embarked on a new system of remittances and selling Alamlh.ozkr a source familiar with the bank: "The cover need banking offices, community and government banks of currencies will be by remittances only," adding that "this decision is not contrary to what was stated by the budget bill for 2015 specify amounts auction for $ 75 million. "And the source said," the measure is part of the Bank's policy to maintain the stability of the Iraqi dinar exchange rate against the dollar has been preceded by a step to reduce the volume of sales in the auction. "The Central Bank of Iraq sells in previous years, sums up to billions of dollars a month but decreased significantly in the past few weeks where he sold more than $ 2.8 billion in the month of January Almadi.ahar that the bank was selling the dollar on the price of 1166 Iraqi dinars to the dollar, which is sold in markets and banking offices at about 1220 dinars a difference of 54 Danara.okan expected by the Bank's decision that the sales of the dollar goes down in the auction for this year, according to the law of the state budget, which began in Parliament on 29 January last, and ratified by the Presidency of the Republic on 10 February Gara.ons law that "the central bank is committed to identifying sales of currency difficult [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and input Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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March 11, 2015
%D8%AA%D9%86%D8%B2%D9%8A%D9%84-48.jpg
BAGHDAD / News Network Iraq said Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, the adviser of the banking system in Iraq needs to be adjusted and new legislation to H.oukal Saleh: "The banking system in which retardation, problems and suspicions of corruption and needs to be revised in the legislation." He pointed to the "The Islamic banking is still without law" .odaa favor of government banks to unify the law depends on the banking governance properly, adding that "the government is taking this issue into account, in addition to have a package of legislation to amend the banking system." The central bank may embarked on a new system of remittances and selling Alamlh.ozkr a source familiar with the bank: "The cover need banking offices, community and government banks of currencies will be by remittances only," adding that "this decision is not contrary to what was stated by the budget bill for 2015 specify amounts auction for $ 75 million. "And the source said," the measure is part of the Bank's policy to maintain the stability of the Iraqi dinar exchange rate against the dollar has been preceded by a step to reduce the volume of sales in the auction. "The Central Bank of Iraq sells in previous years, sums up to billions of dollars a month but decreased significantly in the past few weeks where he sold more than $ 2.8 billion in the month of January Almadi.ahar that the bank was selling the dollar on the price of 1166 Iraqi dinars to the dollar, which is sold in markets and banking offices at about 1220 dinars a difference of 54 Danara.okan expected by the Bank's decision that the sales of the dollar goes down in the auction for this year, according to the law of the state budget, which began in Parliament on 29 January last, and ratified by the Presidency of the Republic on 10 February Gara.ons law that "the central bank is committed to identifying sales of currency difficult [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and input Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties stipulated in Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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