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Video - Mr. Ali Keywords Governor of the Central Bank in magic
dialogue with Mullah Ahmed Talal
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The first segment of the interview (about 10 minutes) they touched on what's happening in Iraq regarding the war on terrorism and the liberation of the cities and towns.
Almost the entire remainder focused on what the central bank is doing to counter corruption (in private banks, money transfer companies and money exchangers), money laundering, tax evasion, etc. CBI governor Ali Allaq pointed out that the central bank can issue a series of instructions and regulations that may uncover any illegal transactions, but he also said that the problem lies in the source of the funds used to buy dollars. In other words the illegal activity is local (where did the dinars come from), in addition the CBI can ask for documents confirming who the final recipient(s) are.
He added that Iraq's entire revenue is almost exclusively in dollars as the country's main export is crude oil, therefore there is always more dollars than dinars (almost 2 to 1) at any given time. That is why the policy changed to no limit to how much dollars any entity can buy as long as the source of the dinars is legitimate as well as the recipient in foreign countries.
That's all that was discussed - No mention of raising the value of the dinar or the deletion of the zeros project.
dialogue with Mullah Ahmed Talal
[You must be registered and logged in to see this link.]
translation from a different site and comments
Here is from our translator...
xxxxxxxx
The first segment of the interview (about 10 minutes) they touched on what's happening in Iraq regarding the war on terrorism and the liberation of the cities and towns.
Almost the entire remainder focused on what the central bank is doing to counter corruption (in private banks, money transfer companies and money exchangers), money laundering, tax evasion, etc. CBI governor Ali Allaq pointed out that the central bank can issue a series of instructions and regulations that may uncover any illegal transactions, but he also said that the problem lies in the source of the funds used to buy dollars. In other words the illegal activity is local (where did the dinars come from), in addition the CBI can ask for documents confirming who the final recipient(s) are.
He added that Iraq's entire revenue is almost exclusively in dollars as the country's main export is crude oil, therefore there is always more dollars than dinars (almost 2 to 1) at any given time. That is why the policy changed to no limit to how much dollars any entity can buy as long as the source of the dinars is legitimate as well as the recipient in foreign countries.
That's all that was discussed - No mention of raising the value of the dinar or the deletion of the zeros project.
