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Deputy: 75% of the oil goes to the pockets of merchants and politicians
17-10-2015 04:00 PM
Member of the parliamentary Finance Commission revealed, majda Al-Tamimi, the loss of half the oil imports, because Central Bank policy, fiscal and currency auctions conducted by certain parties, a "window", protecting a number of traders who fraudulently help to big profits.
Tamimi said in a press release on Wednesday that "accounted for 57% of the petroleum resources go to (pockets) traders and politicians through the complex process of circumventing Central Bank instructions for the distribution of hard currency".
Tamimi stated that "Central Bank granted the importers of foreign currency at preferential prices lower than the currency exchange market to maintain the exchange rate, as opposed to buying imported goods receipts provided by traders," "mafia corruption wide reporting to Central Bank issued by merchants referring to the intention of a trader importing million vacuum cleaner for the assumption of $ 10 million buys the merchant's official central bank rate of Exchange and the thousand and one hundred and seventeen dinars per dollar.
She went on to say that "the merchant does not import only five percent of the goods that offers receipts, and selling currency on the black market for $ 1,000 and one hundred and twenty-two dinars to the dollar, realizing profits of up to 300 million dollars per month.".
Tamimi said that "trade missions in countries of origin as well as customs and other episodes involved certain ratios of major corruption this process where the first episode is a Central Bank that is not based on the import plan submitted by the ministries of planning, trade Pb the actual need for imported goods as well as merchant brings official books of commercial missions and border crossings confirmed what the alleged imports, when we conducted a census of the imported goods and paper and not actually found that the refrigerants, for example, nearly 80 million were imported chilled Within 4 months only in the sense that every Iraqi has cooled and a half ".
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17-10-2015 04:00 PM
Member of the parliamentary Finance Commission revealed, majda Al-Tamimi, the loss of half the oil imports, because Central Bank policy, fiscal and currency auctions conducted by certain parties, a "window", protecting a number of traders who fraudulently help to big profits.
Tamimi said in a press release on Wednesday that "accounted for 57% of the petroleum resources go to (pockets) traders and politicians through the complex process of circumventing Central Bank instructions for the distribution of hard currency".
Tamimi stated that "Central Bank granted the importers of foreign currency at preferential prices lower than the currency exchange market to maintain the exchange rate, as opposed to buying imported goods receipts provided by traders," "mafia corruption wide reporting to Central Bank issued by merchants referring to the intention of a trader importing million vacuum cleaner for the assumption of $ 10 million buys the merchant's official central bank rate of Exchange and the thousand and one hundred and seventeen dinars per dollar.
She went on to say that "the merchant does not import only five percent of the goods that offers receipts, and selling currency on the black market for $ 1,000 and one hundred and twenty-two dinars to the dollar, realizing profits of up to 300 million dollars per month.".
Tamimi said that "trade missions in countries of origin as well as customs and other episodes involved certain ratios of major corruption this process where the first episode is a Central Bank that is not based on the import plan submitted by the ministries of planning, trade Pb the actual need for imported goods as well as merchant brings official books of commercial missions and border crossings confirmed what the alleged imports, when we conducted a census of the imported goods and paper and not actually found that the refrigerants, for example, nearly 80 million were imported chilled Within 4 months only in the sense that every Iraqi has cooled and a half ".
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