Kaabi: we put a mechanism to curb the smuggling of some private banks of hard currency

Kaabi: we put a mechanism to curb the smuggling of some private banks of hard currency






August 19, 2015
In: economyViews: 29 views
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said the parliamentary finance committee member Haidar al-Kaabi, the Committee, in coordination with the concerned authorities in the Ministry of Finance and the Central Bank, and set up a mechanism to reduce the phenomenon of hard currency smuggling under the pretext of import or export of some commercial goods shoddy, where facilitate some private banks for some smugglers of foreign currency operations of import and export and to cover up the fake currency smuggling out of the country.
The parliamentary finance committee and revealed earlier, it formed a committee of five-year follow-up and verification in money laundering and the smuggling of hard currency process.
He said Kaabi's (IMN) that "the cause of the persistence of hard currency smuggling in some private banks, is delegated to some shops to sell and buy the currency from the central bank without bidding farewell to one bill under the pretext of importing children's toys or construction materials fictional numbers of hard currency, which turned and dodged through these private banks. "
The parliamentary finance committee and called for the legislative and executive authority and the central bank to put more effort and cooperation with them to reduce the phenomenon of money laundering and smuggling hard currency, saying it has documents and information for the years past the names of persons and banks accused of operations of foreign currency smuggling.
Al-Kaabi said that "some private banks are trading foreign currency and the Iraqi conflict within the financial markets, and seeks to raise large sums of money in that currency to be smuggled out of the country."
The parliamentary finance committee and hosted Earlier, Finance Minister Hoshyar Zebari and Governor of the Central Bank on the Keywords to search hard currency smuggling and money laundering.
From: Walid al-Zaidi, edit: Charter Shafiq


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The parliamentary finance committee and revealed earlier, it formed a committee of five-year follow-up and verification in money laundering and the smuggling of hard currency process.
He said Kaabi's (IMN) that "the cause of the persistence of hard currency smuggling in some private banks, is delegated to some shops to sell and buy the currency from the central bank without bidding farewell to one bill under the pretext of importing children's toys or construction materials fictional numbers of hard currency, which turned and dodged through these private banks. "