CBI policy “erroneous” hard currency made grabs for money bands

Baghdad (newsletter) … Deputy Chairman of the Finance Committee criticized Deputy from coalition blocs Kurd/aamd Faizullah, Central Bank policy about selling dollars through multiple ports and leave many exchange offices, which facilitated the process of currency smuggling and money laundering. He said Faizullah (News Agency news) on Wednesday that current monetary policy by the Central Bank has many errors, especially when you allow to open multiple ports to sell the dollar and other currencies either in banks or exchange offices in addition to the Central auction made it difficult to control the selling and buying of the dollar.

He added that the Central Bank is required to change its current policy for local currency, that continuation is going to hurt the national economy by facilitating smuggling hard currency, money laundering by “money bands.”