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Vice reveals in a statement, "money laundering and smuggling operation" great place in Iraq
Wed, 08 Apr 2015 2:17:55 +0300
Baghdad: Tomorrow's News
Easter Iraqi lawmaker for the first time explicitly for "money laundering and smuggling operation" wide underway for Iraq's money, revealing that the World Bank has warned that the currency drain Iraq would end its economy.
Announced by the parliamentary finance committee, "Masood Haider," that Iraq's imports from the sale of oil since 2006 until 2014, amounted to about $ 550 billion, and 60% of that amount, or about $ 360 billion were sold in the auction currency, which is organized by the Central Bank of Iraq and was transferred out of the country by civil companies and banking offices.
The MP pointed to the state represented by the person who is not known to buy hard currency from the auction, and to transfer $ 550 million out of the country within one year.
MP "Haider" in an interview on one of the satellite channels, the signals received from the World Bank that Iraq was dangerously exposed to the depletion of the currency, will lead to the collapse of the economy, warning that what is being considered is like terrorism against the state through waste of hard currency, revealing The House of Representatives has formed a committee to investigate the subject of the threat to the state's economy.
MP explained that the currency auction at the Central Bank of Iraq process, is only a "cover for the process of currency smuggling and money laundering, as the eligibility of banks to buy currency and transfer abroad; the pretext of buying goods and goods does not reach them to Iraq only a little, and did not show any investment returns on the fact the service of the Iraqi versus the amounts sent abroad, "according to the saying.
Formation of a committee to follow up on a five-year money-laundering
, in turn, the parliamentary Finance Committee announced the formation of a committee to follow up on a five-year money-laundering and smuggling dollar to operations outside the country, while confirmed that the stop manipulation would raise the value of the Iraqi dinar against the dollar.
The member of the parliamentary finance committee "pros Hamadoun", that «Iraqi currency suffer from low against the dollar, which has led to the need to form a committee to follow up the money laundering and smuggling of foreign currency operations committee was formed to follow up on this matter and verify it," indicating that "the Commission will be included members of the Economic Commission, Ministry of Finance, in addition to the General Administration of Customs and taxes. "
She added that "the Commission will follow up the work of the Central Bank and the amounts of money that are sold, in addition to the follow-up work of the government and private banks that sell large quantities of the dollar," noting that "stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar."
Referred to the report issued by the International Center for Development Studies in London, it was revealed that «the Development Fund for Iraq, which was established in 2003 to deposit the sales of Iraqi petroleum products based on resolution 1483 and reached its assets to $ 165 billion in 2009», but he also said that "this Revenue was prone to corruption disappeared as $ 17 billion of them in 2003, while another $ 40 billion in 2010 disappeared. "
The report continued, in 2013 Iraq Development Fund balances amounted to $ 7 billion, while the Iraqi government has failed to justify the disappearance of $ 11 billion of those funds, the report indicates that the «mismanagement and cases of financial and administrative corruption has made these large balances shrink up in 2012 to Only $ 18 billion, and to be Iraq without balances. "
Experts in economic affairs and indicates that poor management of Iraqi funds over the past years has led to a lot of money without achieving economic benefit for the country on the ground. And that "the loss of Iraqi funds is due to many reasons, the most important of corruption and mismanagement, financial planning, and the development of people who are not specialists in positions of sovereignty and economic mission since 2003".
Note that the money laundering and smuggling of foreign currencies phenomena that emerged strongly in Iraq after 2003 as a result of the emergence of mafias financial and economic due to corruption and weak rule of law and the chaos and lower administrative organs efficiency, in addition to the efforts of some neighboring countries to acquire some funds Iraq through the ways and means referred to organizations international.
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Wed, 08 Apr 2015 2:17:55 +0300
Baghdad: Tomorrow's News
Easter Iraqi lawmaker for the first time explicitly for "money laundering and smuggling operation" wide underway for Iraq's money, revealing that the World Bank has warned that the currency drain Iraq would end its economy.
Announced by the parliamentary finance committee, "Masood Haider," that Iraq's imports from the sale of oil since 2006 until 2014, amounted to about $ 550 billion, and 60% of that amount, or about $ 360 billion were sold in the auction currency, which is organized by the Central Bank of Iraq and was transferred out of the country by civil companies and banking offices.
The MP pointed to the state represented by the person who is not known to buy hard currency from the auction, and to transfer $ 550 million out of the country within one year.
MP "Haider" in an interview on one of the satellite channels, the signals received from the World Bank that Iraq was dangerously exposed to the depletion of the currency, will lead to the collapse of the economy, warning that what is being considered is like terrorism against the state through waste of hard currency, revealing The House of Representatives has formed a committee to investigate the subject of the threat to the state's economy.
MP explained that the currency auction at the Central Bank of Iraq process, is only a "cover for the process of currency smuggling and money laundering, as the eligibility of banks to buy currency and transfer abroad; the pretext of buying goods and goods does not reach them to Iraq only a little, and did not show any investment returns on the fact the service of the Iraqi versus the amounts sent abroad, "according to the saying.
Formation of a committee to follow up on a five-year money-laundering
, in turn, the parliamentary Finance Committee announced the formation of a committee to follow up on a five-year money-laundering and smuggling dollar to operations outside the country, while confirmed that the stop manipulation would raise the value of the Iraqi dinar against the dollar.
The member of the parliamentary finance committee "pros Hamadoun", that «Iraqi currency suffer from low against the dollar, which has led to the need to form a committee to follow up the money laundering and smuggling of foreign currency operations committee was formed to follow up on this matter and verify it," indicating that "the Commission will be included members of the Economic Commission, Ministry of Finance, in addition to the General Administration of Customs and taxes. "
She added that "the Commission will follow up the work of the Central Bank and the amounts of money that are sold, in addition to the follow-up work of the government and private banks that sell large quantities of the dollar," noting that "stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar."
Referred to the report issued by the International Center for Development Studies in London, it was revealed that «the Development Fund for Iraq, which was established in 2003 to deposit the sales of Iraqi petroleum products based on resolution 1483 and reached its assets to $ 165 billion in 2009», but he also said that "this Revenue was prone to corruption disappeared as $ 17 billion of them in 2003, while another $ 40 billion in 2010 disappeared. "
The report continued, in 2013 Iraq Development Fund balances amounted to $ 7 billion, while the Iraqi government has failed to justify the disappearance of $ 11 billion of those funds, the report indicates that the «mismanagement and cases of financial and administrative corruption has made these large balances shrink up in 2012 to Only $ 18 billion, and to be Iraq without balances. "
Experts in economic affairs and indicates that poor management of Iraqi funds over the past years has led to a lot of money without achieving economic benefit for the country on the ground. And that "the loss of Iraqi funds is due to many reasons, the most important of corruption and mismanagement, financial planning, and the development of people who are not specialists in positions of sovereignty and economic mission since 2003".
Note that the money laundering and smuggling of foreign currencies phenomena that emerged strongly in Iraq after 2003 as a result of the emergence of mafias financial and economic due to corruption and weak rule of law and the chaos and lower administrative organs efficiency, in addition to the efforts of some neighboring countries to acquire some funds Iraq through the ways and means referred to organizations international.
[You must be registered and logged in to see this link.]
