Economist: the deteriorating situation led to the spread of the phenomenon of “escape money”
Economist: the deteriorating situation led to the spread of the phenomenon of “escape money”
14-08-2013 11:48 AM
Baghdad (news) .. Said economic expert Majid picture, the existence of the flight of funds out of Iraq because of the situation Aaguetsada and the political and security situation. said Suri (of the Agency news): The current status of Aichdja to keep money inside Iraq so Alji people to turn them out of Iraq, and to find other shelters to invest in around the world, especially the neighboring countries. added: that the process of transferring funds fundamentalist legally therefore can not be called a process of ‘smuggling’, but ‘escape’ because the funds transferred are legitimate. said: to the existence of money laundering in Iraq because of the corrupt financial and administrative rampant But rates are limited not so great, in addition to the spread of the drug trade is very forging of the coin. said: there is no law to combat money laundering and five government institutions to combat it, but the problem is the lack of coordination and cooperation between these institutions to reduce it and eliminate it. referred to the shape of the circumstances in which Iraq is currently going through a fertile soil for the growth and spread of the phenomenon of money laundering, in light of the continued political differences affect the areas of the country, including economic and trade relations. / End
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