Mafias currency" in Iraq funded by state regulation

Mafias currency" in Iraq funded by state regulation




7/30/2015


Alaa Yousif-Baghdad - Still state organization in Iraq has the financial resources to help him cover his expenses, despite the military campaign being waged against the Iraqi authorities and the international coalition, and despite tightening measures to dry up the sources funding. The Finance Committee revealed in the Iraqi parliament from the conversion of $ 6.9 billion for the areas occupied by the militants to organize the state through money transfer companies got on the amount raised from the auction of the Central Bank of Iraq recently, despite the stringent security measures taken by the Government to lay siege to Baghdad militarily and financially by the organization. A member of the parliamentary committee Hossam punitive The Committee demanded that some banks by providing them with the names of the banks sent but rejected, but the members of the Committee have obtained through their sources on the banks and the conversion adopted by the names.
He explained in a statement to the penal island revealed that the Finance Committee and found only one of these companies based in the Jordanian capital of Amman, adding that it contributed indirectly in the transfer of such funds to the organization of the State for a period of five months.

Parliamentary He added that after the follow-up to the minute information from some quarters discovered that a portion of these funds is transferred to the province of Nineveh in northern Iraq, and the portion in cash enters through the Kirkuk, pointing out that most of these remittances be behind traffickers and money manipulative currency markets.
The state may regulate the beginning of this year approved the first budget of his two billion dollars and a surplus of $ 250 million.

Currency auction
He is a member of the Legal Committee in the Iraqi Parliament full Zaidi that the Baghdad government have failed since the year and a half in trapping financing sources of state regulation because of the mafias that manipulate currency auction.

He says Zaidi of the island that banking companies of up to 15 offices turned big source of money dealers or banks benefited from the auction the central bank to others, was the discovery that the recent beneficiary of these resources is a state regulation.

Zaidi confirmed that the Legal Committee tracked the cases of the conversion of these banks across the Jordan to the banks consignee, adding that some quarters that prevent funds from private banks in Iraq take at least six hundred million dollars a month for its own account in exchange for conversion of large sums of money to the gunmen either in Mosul or Kirkuk.

In the opinion of the Iraqi economic Ammar Qaraghuli that state regulation has the capital is considered sufficient to cover its expenses, despite the expectation that the air strikes and the decline in oil prices will affect it.

Tax revenues
He adds Qaraghuli of the island, "the organization seeks to make the bulk of tax revenues to income after other financial sources such as banks and oil stop."

And targeting forces the international coalition led by the United States oil infrastructure to organize the state, private refineries, which led to a decline in oil revenues to about two million dollars a week, but the organization does not depend on oil as a source of financing only it uses a large part of it to run its mechanisms.

Previous oil sales show that the organization of the state was selling oil at discounted prices in the domestic market, it was found that the price of oil in Kirkuk, much less than the price of Mosul.
Iraqi economic and indicates that salary is the largest organization of state spending at all, ranging between three million and ten million dollars per month, and avoid investing money in infrastructure, because it could be an easy target for attacks by coalition forces.

Also it reduces state regulation of the costs paid by the looting of military equipment and the confiscation of land and facilities, in addition to the pay relatively low salaries, and also reduces the possibility of continuing incurred Ptnqlh and expand its territory and fueling the insurgency losses

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He says Zaidi of the island that banking companies of up to 15 offices turned big source of money dealers or banks benefited from the auction the central bank to others, was the discovery that the recent beneficiary of these resources is a state regulation.

Zaidi confirmed that the Legal Committee tracked the cases of the conversion of these banks across the Jordan to the banks consignee, adding that some quarters that prevent funds from private banks in Iraq take at least six hundred million dollars a month for its own account in exchange for conversion of large sums of money to the gunmen either in Mosul or Kirkuk.

In the opinion of the Iraqi economic Ammar Qaraghuli that state regulation has the capital is considered sufficient to cover its expenses, despite the expectation that the air strikes and the decline in oil prices will affect it.





He adds Qaraghuli of the island, "the organization seeks to make the bulk of tax revenues to income after other financial sources such as banks and oil stop."

And targeting forces the international coalition led by the United States oil infrastructure to organize the state, private refineries, which led to a decline in oil revenues to about two million dollars a week, but the organization does not depend on oil as a source of financing only it uses a large part of it to run its mechanisms.