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https://almaalomah.me/2022/07/06/607308/
Deputy: Private banks are led by corruption mafias, and the central bank must intervene
Politician 2022/07/06 | 3:19 pm
Information / Baghdad..
The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called, on Wednesday, the
Central Bank of Iraq to reconsider the classification of Iraqi private banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to
some private banks that have turned into shops to issue letters of guarantee and
take high and large commissions in addition to
Depletion of hard currency and
smuggling it with false invoices.
Al-Mayahi said in a statement received by "The Information",
"There are many private banks led by a number of corruption mafias, which, unfortunately,
have turned into shops for issuing letters of guarantee and
taking high and large commissions that burden contractors, in addition to
draining hard currency and
smuggling it abroad and
paying forged invoices to The central bank and
market speculation
have not negatively affected the economic situation and harmed the Iraqi private sector and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.
Al-Mayahi added, “The Central Bank had previously worked on grading private banks according to what they presented, but unfortunately
we did not find any of those private banks that were granted advanced degrees any benefit to the country, and
they did not have any positive role during the successive economic crises that The country was ravaged, and
despite this, its wealth is still growing from the country’s bounties without any account or supervision.”
He stressed
"the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks,
given that the volume of exports does not equal the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and
in the event that
The continued reluctance should work to withdraw licenses from them and
oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.” finished/25h
Deputy: Private banks are led by corruption mafias, and the central bank must intervene
Politician 2022/07/06 | 3:19 pm
Information / Baghdad..
The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called, on Wednesday, the
Central Bank of Iraq to reconsider the classification of Iraqi private banks and hold them accountable that did not provide any investment or economic benefits to Iraq, referring to
some private banks that have turned into shops to issue letters of guarantee and
take high and large commissions in addition to
Depletion of hard currency and
smuggling it with false invoices.
Al-Mayahi said in a statement received by "The Information",
"There are many private banks led by a number of corruption mafias, which, unfortunately,
have turned into shops for issuing letters of guarantee and
taking high and large commissions that burden contractors, in addition to
draining hard currency and
smuggling it abroad and
paying forged invoices to The central bank and
market speculation
have not negatively affected the economic situation and harmed the Iraqi private sector and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.
Al-Mayahi added, “The Central Bank had previously worked on grading private banks according to what they presented, but unfortunately
we did not find any of those private banks that were granted advanced degrees any benefit to the country, and
they did not have any positive role during the successive economic crises that The country was ravaged, and
despite this, its wealth is still growing from the country’s bounties without any account or supervision.”
He stressed
"the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks,
given that the volume of exports does not equal the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and
in the event that
The continued reluctance should work to withdraw licenses from them and
oblige them to pay fines for the extent of the damage they caused to the Iraqi economy and the private sector.” finished/25h
