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Central Bank of opening the doors of waste of public money
Sat, May 23 .2015
It moved away monetary policy in Iraq far and Dhaivha and objectives which aim to achieve, and the most important goals is to stabilize the exchange rate and the maintenance of the national currency, so the central bank is one of the most important monetary and economic institutions in which they can achieve the economic goals of cash, and the Central Bank of Iraq into law is independent of the government monetary institution, so this should be an independent institution that does not comply with management and Qaimiha government orders that are contrary to the bank instructions, as we find that those in charge of the Central Bank are not politicians and economists specialists.
The central bank has become the doors of waste of public money because of foreign currency raised by the bank through its daily auction sales, as the mechanism of the bank based on the existence of demand of banks civil and corporate banking, and these civil institutions registered with the bank and have the right to buy foreign currency and sold by the Central Bank instructions Iraqi, the problem of these banks and companies, is the lack of commitment to the instructions of the bank and the prices set by, it estimated slight margin between the bank rate and the market price, so we find a lot of politicians, economists and officials and even ordinary citizens, know that there are very large differences between the price asked by the Central Bank and between prices prevailing in the market, and Sabine said the bank has become the doors of financial corruption interpretation of its sales during the nearly five months, and the tip of the iceberg.
The quantity sold to the dollar by the central bank, banks from the date of 01.04.2015 until 17.05.2015 (11,478,148,730) dollars. A $ 11.5 billion and a half almost.
The interpretation of these figures, the central bank ''s approximately more than (1,437,000,000) one billion, four hundred and thirty-seven million dinars, in five months, because the sale price is for the banks (in 1190) to the dollar.
Banks and companies selling the dollar (in 1315) to the dollar!
In fact, the Central Bank of Iraq is approximately km from the market, which sold its currency, and get these differences, and buying of the dollar bank goes directly to the market struggle This currency to commercialize this large Alfoarac and thus become a money laundering operation for the summit appetite who wants to escape the hard currency, which is the depletion of the resources of Iraq's economic task.
In conclusion, I ask the Prime Minister, Dr. (single Abadi) to draw an investigative committee belonging to the Council of Ministers for broadcast in achieving these economic crimes during the day floating in earshot and view of everyone. In order to preserve what's left of resources difficult to obtain at this time which affects our economy of rent-seeking disable all economic sectors, and adopted only on oil. Especially we are in the phase of war and this also represents a significant drain on our dear country, we must put an end to this public thefts which, if invested in the bank for a fetus of billions rather than austerity.
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Sat, May 23 .2015
It moved away monetary policy in Iraq far and Dhaivha and objectives which aim to achieve, and the most important goals is to stabilize the exchange rate and the maintenance of the national currency, so the central bank is one of the most important monetary and economic institutions in which they can achieve the economic goals of cash, and the Central Bank of Iraq into law is independent of the government monetary institution, so this should be an independent institution that does not comply with management and Qaimiha government orders that are contrary to the bank instructions, as we find that those in charge of the Central Bank are not politicians and economists specialists.
The central bank has become the doors of waste of public money because of foreign currency raised by the bank through its daily auction sales, as the mechanism of the bank based on the existence of demand of banks civil and corporate banking, and these civil institutions registered with the bank and have the right to buy foreign currency and sold by the Central Bank instructions Iraqi, the problem of these banks and companies, is the lack of commitment to the instructions of the bank and the prices set by, it estimated slight margin between the bank rate and the market price, so we find a lot of politicians, economists and officials and even ordinary citizens, know that there are very large differences between the price asked by the Central Bank and between prices prevailing in the market, and Sabine said the bank has become the doors of financial corruption interpretation of its sales during the nearly five months, and the tip of the iceberg.
The quantity sold to the dollar by the central bank, banks from the date of 01.04.2015 until 17.05.2015 (11,478,148,730) dollars. A $ 11.5 billion and a half almost.
The interpretation of these figures, the central bank ''s approximately more than (1,437,000,000) one billion, four hundred and thirty-seven million dinars, in five months, because the sale price is for the banks (in 1190) to the dollar.
Banks and companies selling the dollar (in 1315) to the dollar!
In fact, the Central Bank of Iraq is approximately km from the market, which sold its currency, and get these differences, and buying of the dollar bank goes directly to the market struggle This currency to commercialize this large Alfoarac and thus become a money laundering operation for the summit appetite who wants to escape the hard currency, which is the depletion of the resources of Iraq's economic task.
In conclusion, I ask the Prime Minister, Dr. (single Abadi) to draw an investigative committee belonging to the Council of Ministers for broadcast in achieving these economic crimes during the day floating in earshot and view of everyone. In order to preserve what's left of resources difficult to obtain at this time which affects our economy of rent-seeking disable all economic sectors, and adopted only on oil. Especially we are in the phase of war and this also represents a significant drain on our dear country, we must put an end to this public thefts which, if invested in the bank for a fetus of billions rather than austerity.
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