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Warns of parliamentary mafias withdraw dollar bills from the central bank to import fake goods
6/17/15
Twilight News / student member of parliament for the National Coalition MP Kazem al-Shammari, on Wednesday, the Central Bank of Iraq to stop the sale of hard currency to private banks and turn them into government banks, warning of the existence of mafias working to pull the dollar from the central bank bills import goods forged was the cause of the burning of the market and the decline of the local currency's exchange rate.
Al-Shammari said in a statement responded to Twilight News, "we during our visit to the Iraqi General Authority for Customs stunned the existence of cases of corruption and fraud get you through the transfer of funds from private banks and the central bank to buy goods traders under the title of operations."
"The mechanism used is going about the need to go a trader wishing to import goods to private banks to buy foreign currency and offers banks a bill of goods that are supposed to be purchased, where the National Bank in turn collects a number of invoices and sent to the Central Bank to receive the amounts of those invoices."
He Shammari said "supposed within this context that the central bank approached Authority customs verification import of goods whether or not the process of adding to the knowledge of the tax value shall be refunded from the import of those goods to be the proceeds of the central bank but what is happening that the central bank does not approached customs, and this creates Baba serious the doors of the withdrawal of foreign currency and traded in the market. "
He said "there are some bills bearing strange figures including import 60 million refrigerated air and this means Mbrdtin each Iraqi citizen in addition to bills import rebar used in construction and that she had actually entered it constitutes a cloud of iron covered the skies of Iraq from north to south, not to mention that there are some traders sends every day to pull the bill buy hard currency without follow-up of the central bank and we are convinced that all these bills are forged. "
And Al-Shammari said that "there are serious mafias burned the market and on the central bank to stop the currency sale of domestic banks to save the domestic market from the ignition and sold to banks and government and are taking swift measures of the Integrity Commission and the Board of Supreme Audit to follow up on such cases was the cause of the local currency deterioration."
Iraqi Central Bank decided on Tuesday considered Saturdays normal working days, which means holding an auction to sell dollars and pumping more than in the domestic market in an effort to halt the decline of the dinar.
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1440 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
The bank also decided to reduce the period of deposit for feeding the external accounts of banks amounts, indicating that the deposit will be reduced from ten days to five days, and as of next July.
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6/17/15
Twilight News / student member of parliament for the National Coalition MP Kazem al-Shammari, on Wednesday, the Central Bank of Iraq to stop the sale of hard currency to private banks and turn them into government banks, warning of the existence of mafias working to pull the dollar from the central bank bills import goods forged was the cause of the burning of the market and the decline of the local currency's exchange rate.
Al-Shammari said in a statement responded to Twilight News, "we during our visit to the Iraqi General Authority for Customs stunned the existence of cases of corruption and fraud get you through the transfer of funds from private banks and the central bank to buy goods traders under the title of operations."
"The mechanism used is going about the need to go a trader wishing to import goods to private banks to buy foreign currency and offers banks a bill of goods that are supposed to be purchased, where the National Bank in turn collects a number of invoices and sent to the Central Bank to receive the amounts of those invoices."
He Shammari said "supposed within this context that the central bank approached Authority customs verification import of goods whether or not the process of adding to the knowledge of the tax value shall be refunded from the import of those goods to be the proceeds of the central bank but what is happening that the central bank does not approached customs, and this creates Baba serious the doors of the withdrawal of foreign currency and traded in the market. "
He said "there are some bills bearing strange figures including import 60 million refrigerated air and this means Mbrdtin each Iraqi citizen in addition to bills import rebar used in construction and that she had actually entered it constitutes a cloud of iron covered the skies of Iraq from north to south, not to mention that there are some traders sends every day to pull the bill buy hard currency without follow-up of the central bank and we are convinced that all these bills are forged. "
And Al-Shammari said that "there are serious mafias burned the market and on the central bank to stop the currency sale of domestic banks to save the domestic market from the ignition and sold to banks and government and are taking swift measures of the Integrity Commission and the Board of Supreme Audit to follow up on such cases was the cause of the local currency deterioration."
Iraqi Central Bank decided on Tuesday considered Saturdays normal working days, which means holding an auction to sell dollars and pumping more than in the domestic market in an effort to halt the decline of the dinar.
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1440 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
The bank also decided to reduce the period of deposit for feeding the external accounts of banks amounts, indicating that the deposit will be reduced from ten days to five days, and as of next July.
[You must be registered and logged in to see this link.]
