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Experts denounce parliamentary accusations of the Central Bank about the smuggling of currency
On: Saturday 11/08/2012 8:54
Baghdad / Ahmed Abed Rabbo
Financial experts denounced the bankers and the charges by some members of the House of Representatives to the Central Bank currency smuggling, revealing it without proof of legal status. He accused a member of the Finance Committee in the House of Representatives Jubouri Haitham influential political figures in the Central Bank to "smuggle ten million dollars a day."
He said economic expert Majid picture the statements made by some officials at the central bank to reap the bank, noting that the issue of smuggling routes without legal proof is not true.
He said the picture for (range): The smuggling of currency unforeseen No central bank can only control it must be a joint cooperation with government agencies such as the Ministry of Finance, Interior, and others, calling for the need to highlight the legal evidence that diagnosed offenders, pointing out that the bank is an institution of economic sensitive, which represents the sovereignty of Iraq.
For his part, Vice Governor of the Central Bank of the appearance of Mohammed Saleh (range): Some members of the House of Representatives told us the existence of evidence confirm the involvement of some officials of the Central Bank of the process of leaking the currency, as well as the financing of terrorism, pointing out that they did not Atalona the files to prove it.
He suggested forming a committee for taking it upon themselves to finance private sector trade through the federal budget by government banks, noting that the bank was able to trade finance for the private sector through the auction, conducted by the day.
Furthermore, according to the financial and banking expert, Farouk Ramadan (range) that the central bank seeks to maintain the stability of the currency through actions carried out by the solid.
Ramadan and said: The absence of leaves, the importation of goods led to a huge demand for hard currency to cover the cost of import, pointing out that disabling the industrial sector and agriculture is also contributed to the exit of money from the inside.
Meanwhile, the Member of the economy and invest in the House of Representatives that the rate of smuggling hard currency abroad began less thanks to the actions taken by the Central Bank, based on the difficulty of controlling the phenomenon of money laundering in the country because they take place in different ways.
Fayez said in a press statement that the parliamentary economic committee met with the Central Bank and reviewed the figures for the proportion of the smuggling of foreign currency abroad was observed to exist but in small proportion and is a natural place in all countries of the world and do not affect the national economy.
He continued to indicate that the ratio began less than in the previous period, thanks to the actions and plans taken by the central bank to reduce these operations, talk about the smuggling of currency by some exaggerated a lot.
He added that the phenomenon of money laundering can not be easily controlled because it processes take place in several ways and by experienced outlaws aiming to destroy the national economy and take advantage of some of the local currency and the political aspects are often directed by the neighboring countries.
He called for a rapid approval of the law against money laundering to reduce these operations in the country because it can be for any country to spend the money laundering phenomenon completely.
He accused a member of the Finance Committee in the House of Representatives Haitham Jubouri political figures influential in the central bank to "smuggle ten million dollars a day to finance terrorism," warning of the collapse of the country's economy if the bank continued to sell $ 55 million annually, while the likely dismissal of central bank governor Sinan Shabibi in If proven guilty.
Haitham Al-Jubouri in a press statement that "there is information about breaches of the Central Bank of Iraq through the control of certain companies to auction the central bank and the absence of regulations and instructions to sell the currency," asserting that "there are six companies and six figures including political figures influential in the Central Bank of escape from five to ten million dollars a day. "
The Jubouri that "a large part of the money used to finance terrorism," and urged "the formation of an investigative committee in the House of Representatives consists of committees of financial, economic, and integrity to ensure that capital funds of depositors and investment companies and activation of the Money Laundering Act No. 92."
The Jubouri that "about 220 billion smuggled out of Iraq since 2003," calling to "make sure of import licenses and the health issue and activate the role of BSA in the case of buy the currency and entering in the auction."
He Jubouri that "the central bank sells $ 55 million annually," warned of "the collapse of the economy in the country within a year or two, if the situation continues like this."
He guessed Jubouri that "may be questioned or to relieve the Central Bank Governor Sinan Shabibi in the event proved his involvement in the subject and its association with these mafias."
The central bank held daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash, or in the form of money orders sold out for a commission of certain.
Has previously accused the committee of economy and investment parliamentary tongue deputy Aziz Sharif Mayahi, on 14 May 2012, the House of Representatives of neglecting its oversight role at the "failures" the central bank, while regarded it as destructive to the economy of the country, he stressed that it made the government an embarrassing dealing with foreign companies, especially that the budget approved in dinars.
It is noteworthy that Iraq has seven banks owned by the state and 23 private banks, eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan, and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions.
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On: Saturday 11/08/2012 8:54
Baghdad / Ahmed Abed Rabbo
Financial experts denounced the bankers and the charges by some members of the House of Representatives to the Central Bank currency smuggling, revealing it without proof of legal status. He accused a member of the Finance Committee in the House of Representatives Jubouri Haitham influential political figures in the Central Bank to "smuggle ten million dollars a day."
He said economic expert Majid picture the statements made by some officials at the central bank to reap the bank, noting that the issue of smuggling routes without legal proof is not true.
He said the picture for (range): The smuggling of currency unforeseen No central bank can only control it must be a joint cooperation with government agencies such as the Ministry of Finance, Interior, and others, calling for the need to highlight the legal evidence that diagnosed offenders, pointing out that the bank is an institution of economic sensitive, which represents the sovereignty of Iraq.
For his part, Vice Governor of the Central Bank of the appearance of Mohammed Saleh (range): Some members of the House of Representatives told us the existence of evidence confirm the involvement of some officials of the Central Bank of the process of leaking the currency, as well as the financing of terrorism, pointing out that they did not Atalona the files to prove it.
He suggested forming a committee for taking it upon themselves to finance private sector trade through the federal budget by government banks, noting that the bank was able to trade finance for the private sector through the auction, conducted by the day.
Furthermore, according to the financial and banking expert, Farouk Ramadan (range) that the central bank seeks to maintain the stability of the currency through actions carried out by the solid.
Ramadan and said: The absence of leaves, the importation of goods led to a huge demand for hard currency to cover the cost of import, pointing out that disabling the industrial sector and agriculture is also contributed to the exit of money from the inside.
Meanwhile, the Member of the economy and invest in the House of Representatives that the rate of smuggling hard currency abroad began less thanks to the actions taken by the Central Bank, based on the difficulty of controlling the phenomenon of money laundering in the country because they take place in different ways.
Fayez said in a press statement that the parliamentary economic committee met with the Central Bank and reviewed the figures for the proportion of the smuggling of foreign currency abroad was observed to exist but in small proportion and is a natural place in all countries of the world and do not affect the national economy.
He continued to indicate that the ratio began less than in the previous period, thanks to the actions and plans taken by the central bank to reduce these operations, talk about the smuggling of currency by some exaggerated a lot.
He added that the phenomenon of money laundering can not be easily controlled because it processes take place in several ways and by experienced outlaws aiming to destroy the national economy and take advantage of some of the local currency and the political aspects are often directed by the neighboring countries.
He called for a rapid approval of the law against money laundering to reduce these operations in the country because it can be for any country to spend the money laundering phenomenon completely.
He accused a member of the Finance Committee in the House of Representatives Haitham Jubouri political figures influential in the central bank to "smuggle ten million dollars a day to finance terrorism," warning of the collapse of the country's economy if the bank continued to sell $ 55 million annually, while the likely dismissal of central bank governor Sinan Shabibi in If proven guilty.
Haitham Al-Jubouri in a press statement that "there is information about breaches of the Central Bank of Iraq through the control of certain companies to auction the central bank and the absence of regulations and instructions to sell the currency," asserting that "there are six companies and six figures including political figures influential in the Central Bank of escape from five to ten million dollars a day. "
The Jubouri that "a large part of the money used to finance terrorism," and urged "the formation of an investigative committee in the House of Representatives consists of committees of financial, economic, and integrity to ensure that capital funds of depositors and investment companies and activation of the Money Laundering Act No. 92."
The Jubouri that "about 220 billion smuggled out of Iraq since 2003," calling to "make sure of import licenses and the health issue and activate the role of BSA in the case of buy the currency and entering in the auction."
He Jubouri that "the central bank sells $ 55 million annually," warned of "the collapse of the economy in the country within a year or two, if the situation continues like this."
He guessed Jubouri that "may be questioned or to relieve the Central Bank Governor Sinan Shabibi in the event proved his involvement in the subject and its association with these mafias."
The central bank held daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash, or in the form of money orders sold out for a commission of certain.
Has previously accused the committee of economy and investment parliamentary tongue deputy Aziz Sharif Mayahi, on 14 May 2012, the House of Representatives of neglecting its oversight role at the "failures" the central bank, while regarded it as destructive to the economy of the country, he stressed that it made the government an embarrassing dealing with foreign companies, especially that the budget approved in dinars.
It is noteworthy that Iraq has seven banks owned by the state and 23 private banks, eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector, banks, Rafidain and Rasheed Aovernmaan, and are under way to restructure in order to pay off the debts that have accumulated after years of war and sanctions.
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