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Parliamentary committee reveal smuggling money estimated at $ 200 billion out of
« on: April 27, 2015
A source representative, on Monday, for the smuggling of money estimated at $ 200 billion out of Iraq since 2005 up to 2014.
The source told "Sky Press," "The parliamentary committee formed to investigate operations of money smuggling and reduce money laundering, revealed the transfer of funds is estimated at $ 200 billion since 2005 up to 2014, through the accounts to banks in a number of beneficiary countries, including the United States Iran and Jordan. "
He added, "It must be the establishment of a lawsuit against the accounts of the banks that have turned the money in those countries."
The Ministry of Finance had looked at earlier with the International Monetary Fund and the issue of granting financial loans to Iraq to deal with liquidity experienced by Iraq as a result of lower oil price crisis.
He indicated that there smuggling lot of money out of the country through the banking and corporate banking civil returning influential political figures in the country, in order to destroy the Iraqi economy.
Economists believes that the migration of capital out of the country have negatively impacted on the process of economic development, and led to the weakness of the operating level and the high unemployment rate and the disruption of investment and economic resources within the country, in addition to the depletion of cash reserves and the fluctuation of the local currency's exchange rate.
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