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With "corruption and fraud" operations... the secrets of smuggling the dollar and withdrawing it from Dubai via electronic cards
Economy 2024-08-14 | 06:30
Source: Alsumaria News 3,394 views
Alsumaria News - Economy
Today, Wednesday, August 14, 2024, political analyst Rafid Al-Atwani criticized the banks in Iraq, especially the private ones, as a result of the indicators of corruption and the operations of dollar smuggling abroad that are taking place around them, while he stressed that the
Iraqi banks are “unsound” and trade in dollars and do not provide services to the Iraqi citizen.
Al-Atwani said in an interview with Al-Sumaria News that the bank’s general reputation in Iraq, especially the civil society, is “very bad” and it is accused of corruption.
Indeed, there are indications of the existence of real corruption, as evidenced by the sanctions imposed on more than 15 banks.
It is revealed that the dollar issued by the Central Bank of Iraq is under the command of Jordanian and Qatari banks, according to the testimony of many members of the House of Representatives.
The evidence for this is that when the government of Muhammad Shiaa al-Sudani was formed, the two sides (the Federal and Iraqi Central Bank) agreed that the process of exporting or purchasing goods (most of them) would be Money laundering) via the SWIFT platform, which all countries operate on, and
it is a solid and sound organization that monitors the movement of the dollar and prevents the money laundering process that harms global trade,
but after more than a year it became clear that these banks do not practice these procedures and intend to launder money in agreement with merchants and also smuggle currency. Via the direct dollar selling window.
He points out that 90% of the dollar that leaves the Central Bank of Iraq goes to the export process,
but the amount of import does not equal more than 30% actually inside the market, meaning that there is more than 60% of this money being smuggled or returned by money laundering.
These indicators, according to Al-Atwani, indicate that the Iraqi banks and the management of the Central Bank are “unsound” and did not benefit the Iraqi state.
On the contrary, we did not control the exchange of the dollar against the Iraqi dinar, indicating that it is more than a bank affiliated with political figures or those on their behalf..
The political analyst explains that this scene gives an indication that Iraqi banks are unsound and trade in dollars, and
there are no banks that provide services to the Iraqi citizen such as advances and commercial loans.
There is also nepotism in dealing with loans and favoritism for influential political figures, and
the biggest victim is the Iraqi people, the value of the Iraqi dinar, and also Iraq’s foreign reputation.
He added that, according to a statement by a member of the Finance Committee,
the profit of Jordanian banks as a result of this corruption from the process of recycling the dollar is more than a million dollars per day.
While an informed source told Al-Sumaria News,
“One of the banks that is operating and is not being punished withdraws the dollar via electronic devices at the official price in Dubai, and
it is transferred to Iraq to be sold in the market at the parallel price.”
https://www.alsumaria.tv/news/economy/497061/بعمليات-فساد-وتحايل-خفايا-تهريب-الدولار-وسحبه-من-دبي-عبر-البطاقات-الال
Economy 2024-08-14 | 06:30
Source: Alsumaria News 3,394 views
Alsumaria News - Economy
Today, Wednesday, August 14, 2024, political analyst Rafid Al-Atwani criticized the banks in Iraq, especially the private ones, as a result of the indicators of corruption and the operations of dollar smuggling abroad that are taking place around them, while he stressed that the
Iraqi banks are “unsound” and trade in dollars and do not provide services to the Iraqi citizen.
Al-Atwani said in an interview with Al-Sumaria News that the bank’s general reputation in Iraq, especially the civil society, is “very bad” and it is accused of corruption.
Indeed, there are indications of the existence of real corruption, as evidenced by the sanctions imposed on more than 15 banks.
It is revealed that the dollar issued by the Central Bank of Iraq is under the command of Jordanian and Qatari banks, according to the testimony of many members of the House of Representatives.
The evidence for this is that when the government of Muhammad Shiaa al-Sudani was formed, the two sides (the Federal and Iraqi Central Bank) agreed that the process of exporting or purchasing goods (most of them) would be Money laundering) via the SWIFT platform, which all countries operate on, and
it is a solid and sound organization that monitors the movement of the dollar and prevents the money laundering process that harms global trade,
but after more than a year it became clear that these banks do not practice these procedures and intend to launder money in agreement with merchants and also smuggle currency. Via the direct dollar selling window.
He points out that 90% of the dollar that leaves the Central Bank of Iraq goes to the export process,
but the amount of import does not equal more than 30% actually inside the market, meaning that there is more than 60% of this money being smuggled or returned by money laundering.
These indicators, according to Al-Atwani, indicate that the Iraqi banks and the management of the Central Bank are “unsound” and did not benefit the Iraqi state.
On the contrary, we did not control the exchange of the dollar against the Iraqi dinar, indicating that it is more than a bank affiliated with political figures or those on their behalf..
The political analyst explains that this scene gives an indication that Iraqi banks are unsound and trade in dollars, and
there are no banks that provide services to the Iraqi citizen such as advances and commercial loans.
There is also nepotism in dealing with loans and favoritism for influential political figures, and
the biggest victim is the Iraqi people, the value of the Iraqi dinar, and also Iraq’s foreign reputation.
He added that, according to a statement by a member of the Finance Committee,
the profit of Jordanian banks as a result of this corruption from the process of recycling the dollar is more than a million dollars per day.
While an informed source told Al-Sumaria News,
“One of the banks that is operating and is not being punished withdraws the dollar via electronic devices at the official price in Dubai, and
it is transferred to Iraq to be sold in the market at the parallel price.”
https://www.alsumaria.tv/news/economy/497061/بعمليات-فساد-وتحايل-خفايا-تهريب-الدولار-وسحبه-من-دبي-عبر-البطاقات-الال
