Home
Smuggling $ 200 billion of Iraq .. and Finance Parliamentary: retrieval requires the establishment of lawsuits
4/22/15
House of Representatives investigating the smuggling of about $ 200 billion of Iraq to other countries since 2005 until last year, and with the parliamentary finance committee indicate that the recovery of that money requires the establishment of lawsuits on the beneficiary countries, revealed intensive meetings to determine the circumstances of the theft.
And evade lot of money from the Iraqi capital to the outside border, while traveling the country to borrow from the other to get out of its financial crisis stifling countries being threatened by »Bankruptcy».
During the last two days, the Ministry of Finance held extensive meetings with representatives from the International Monetary Fund in order to get financial loans and grants to address the lack of financial liquidity crisis caused by the drop in oil prices after the price of a barrel to $ 50.
He said the parliamentary finance committee member Ahmed flesh for »Iraqi future», that «the committee investigating the smuggling a large amount out of Iraq», adding that it «is considering some regulators merits and motives of the case«, adding that «retrieval requires the establishment of lawsuits on banks Foreign that transformed her this money ».
It follows on the reasons for the migration of capital and the results of several effects such as poor economic growth, weak operating level and high unemployment, and disable the investment of economic resources within the State, and the depletion of cash reserves of the state, and not the local currency stability.
He flesh to the existence of doubts in smuggling convert these huge amounts of money process », likely to« take this issue two tracks, the first in the framework of corruption and processes suspicious, and the second is that capital coward as he did not get a good investment climate thus escapes from one area to another area This is the reason for the exodus of money from outside to inside Iraq ».
The bridge member of the Finance Committee, saying that «committee studying with the rest of the committees merits of this case, there is an expanded meeting will be held in the coming days between the Presidency of the Parliament Finance Committee and the Integrity Commission and the Economic Commission and a group of executive departments, including the Office of Financial Supervision and the Integrity Commission and economic crime, national security and the bank Central to conduct a full search for about the problem and to try to deter smugglers Iraqi money ».
In turn, stressed the parliamentary finance committee member Masood Haider, that «the Commission will stand on the reasons for hard currency smuggling out of Iraq and speculation within the Iraqi market by weak people who seek to destroy the Iraqi economy», adding that «the Commission will take strict action against these people and bring them to justice to receive their just punishment. »
He pointed out that Haider «total was smuggled out of hard currency since 2005 to 2014 amounted to $ 200 billion out of $ 312 billion».
Prior to the fact-finding committee of the Development Fund for Iraq DFI, expressed doubts that the financial corruption funds smuggled abroad through remittances sale central bank auction.
At the time, the head of the committee MP Ahmad Chalabi said that «the total income on Iraq in the years 2006 to 2012 from oil revenues in excess of US $ 370 billion, as the central bank sales of the auction the dollar for the period more than $ 207», indicating that « Central bank sales ratio of 56 percent of Iraq's revenue in that period. »
The Iraqi capital amounting to billions of dollars, began moving towards other countries perhaps find urge them there as states of the Soviet Union, including «Georgia», which is now attracting considerable capital of Iraq.
And see the specialists that the investment climate in Iraq is not available and there are many Iraqi money smuggled abroad and this will reflect negatively on the economic reality and delay the wheel of progress in the country, stressing the need to stop the migration of capital abroad or reduce them through the development of laws regulating investment and development, and the development of financial and banking systems and not to put restrictions on investment.
Views 17 Date Added 04/22/2015
[You must be registered and logged in to see this link.]
4/22/15
House of Representatives investigating the smuggling of about $ 200 billion of Iraq to other countries since 2005 until last year, and with the parliamentary finance committee indicate that the recovery of that money requires the establishment of lawsuits on the beneficiary countries, revealed intensive meetings to determine the circumstances of the theft.
And evade lot of money from the Iraqi capital to the outside border, while traveling the country to borrow from the other to get out of its financial crisis stifling countries being threatened by »Bankruptcy».
During the last two days, the Ministry of Finance held extensive meetings with representatives from the International Monetary Fund in order to get financial loans and grants to address the lack of financial liquidity crisis caused by the drop in oil prices after the price of a barrel to $ 50.
He said the parliamentary finance committee member Ahmed flesh for »Iraqi future», that «the committee investigating the smuggling a large amount out of Iraq», adding that it «is considering some regulators merits and motives of the case«, adding that «retrieval requires the establishment of lawsuits on banks Foreign that transformed her this money ».
It follows on the reasons for the migration of capital and the results of several effects such as poor economic growth, weak operating level and high unemployment, and disable the investment of economic resources within the State, and the depletion of cash reserves of the state, and not the local currency stability.
He flesh to the existence of doubts in smuggling convert these huge amounts of money process », likely to« take this issue two tracks, the first in the framework of corruption and processes suspicious, and the second is that capital coward as he did not get a good investment climate thus escapes from one area to another area This is the reason for the exodus of money from outside to inside Iraq ».
The bridge member of the Finance Committee, saying that «committee studying with the rest of the committees merits of this case, there is an expanded meeting will be held in the coming days between the Presidency of the Parliament Finance Committee and the Integrity Commission and the Economic Commission and a group of executive departments, including the Office of Financial Supervision and the Integrity Commission and economic crime, national security and the bank Central to conduct a full search for about the problem and to try to deter smugglers Iraqi money ».
In turn, stressed the parliamentary finance committee member Masood Haider, that «the Commission will stand on the reasons for hard currency smuggling out of Iraq and speculation within the Iraqi market by weak people who seek to destroy the Iraqi economy», adding that «the Commission will take strict action against these people and bring them to justice to receive their just punishment. »
He pointed out that Haider «total was smuggled out of hard currency since 2005 to 2014 amounted to $ 200 billion out of $ 312 billion».
Prior to the fact-finding committee of the Development Fund for Iraq DFI, expressed doubts that the financial corruption funds smuggled abroad through remittances sale central bank auction.
At the time, the head of the committee MP Ahmad Chalabi said that «the total income on Iraq in the years 2006 to 2012 from oil revenues in excess of US $ 370 billion, as the central bank sales of the auction the dollar for the period more than $ 207», indicating that « Central bank sales ratio of 56 percent of Iraq's revenue in that period. »
The Iraqi capital amounting to billions of dollars, began moving towards other countries perhaps find urge them there as states of the Soviet Union, including «Georgia», which is now attracting considerable capital of Iraq.
And see the specialists that the investment climate in Iraq is not available and there are many Iraqi money smuggled abroad and this will reflect negatively on the economic reality and delay the wheel of progress in the country, stressing the need to stop the migration of capital abroad or reduce them through the development of laws regulating investment and development, and the development of financial and banking systems and not to put restrictions on investment.
Views 17 Date Added 04/22/2015
[You must be registered and logged in to see this link.]
