(17) billion dollars from the auction sale currency acquired by (10) banks in just eight months!!

(17) billion dollars from the auction sale currency acquired by (10) banks in just eight months!!

Sunday 16/12/2012 10:25 am

Revealed Minutes Committee chaired by Deputy Speaker Qusay al-Suhail acquisitions ten private banks on the amount (17447490) thousand dollars (seventeen billion, four hundred and forty-seven million, four hundred and ninety thousand dollars) of the amount of auction sales total and for the period from 01/01/2012 to 31 / 8/2012, which amounted to a whole (29,982,230) thousand dollars (twenty-nine billion, nine hundred and eighty-two million, two hundred and thirty thousand dollars).

The record stressed that senior management at the bank represented by the Governor and his advisers and the Executive Committee of the sale and purchase of foreign currency bear full legal responsibility for such instructions because they did not take into account the damage resulting negative of such instructions.
Download the responsibility of the banks concerned record transactions but focus of these companies and individuals because it will lead to monopoly, noting that the General Directorate to monitor the banking and credit did not indicate such observations “although it is obvious duties diagnose such irregularities.”
The record to do the Executive Committee for the sale and purchase of foreign currency approving the transfer of funds to import large quantities of sugar, where the amounts transferred in excess of entitlement required limits the amount of (56,662) thousand dollars (fifty-six million, six hundred and sixty-two thousand dollars) for the company Hura Valley General Trading Through the United Bank for Investment and during the period (6) days sample was selected, adding n check all the information for a longer time may indicate to convert large sums in the same way, and this reflects negligence and clear from the Commission in the importance of checking each transaction received.
As someone record the continuity of the work of the auction for more than one term, despite the lack of legal cover for it, recalling instructions issued by the Central Bank of Iraq to replace the Commission every three months, and the adoption of Lists buy cloned (non-native) in the transfer of funds through an auction of foreign currency.
The Iraqi Council of Representatives has formed a committee to follow up on suspicions of corruption for the policy CBI headed by First Deputy Speaker of Parliament Qusay al-Suhail and the membership of Ahmed al-Alwani Chairman of the Committee on the economy and investment, and Haider Jawad Kazem al-Abadi, head of the Finance Committee, and d. Abdul Basit Turki Saeed Chairman of the Board of Supreme Audit. He explained the record that those reasons and other reasons led to the low exchange rate of the Iraqi dinar against the dollar to influence the purchasing power of the Iraqi citizen in addition to common business dealings phantom and control a particular group on the currency auction processes and purchase left bad effects on the overall Iraqi economy in the period preceding, and bears full responsibility and legal responsibility for the deterioration in the exchange rate of the national currency and Aldharbat in the market all of the Iraqi Central Bank Governor and advisers because they did not draw a monetary policy and a clear maintain force the Iraqi dinar and the subsequent monopoly banks, companies and traders concerned to most trading operations during the previous period.
The committee recommended building on the entire file to be reported to the Integrity Commission to conduct detailed investigations.

qeraat