Parliamentary Finance: Officials trade with state funds through private banks
Parliamentary Finance: Officials trade with state funds through private banks
Wednesday – March 25 (March 2015)
Rehab Aboudi, an MP for the coalition of state law, noted in a statement to “the world” with “the new instructions issued by the Central Bank on the private banks lagging, which is designed to prevent currency smuggling and money laundering.”
She added, “This instruction is a clear message to the private banks to change its policy or replaced to banks for a new attempt advancement the country’s economy. ”
She slave “The trading action of private banks is not confined only, however, the politicians,” where contributing “traders or financial mafias or certain countries in the use of banks to colonize the country economically.”
exposed Iraq severe financial crisis, the government was forced to follow the policy of austerity in budget, however, that some private banks exploit auction currency sale for the implementation of laundering money and smuggling of foreign currency abroad.
The central bank has decided to determine the currency auction in the budget bill, $ 70 billion, after it was up to more than 250 billion, after receiving signals the presence of money laundering operations with merchants, banks, and money orders.
The central bank has placed tight on the private banks after the instructions that show that some of her work is acceptable, what summoned citizens to reclaim the financial and deposits them.
For his part, Rahim al-Shammari, an observer of economic affairs, said in a statement “the world” that some private banks “took advantage of the security situation is stable and stole the money of citizens that were reserved deposits in it, noting that” the central bank instructions need to amendments, by emphasizing more on the work of these banks because Iraq will depend in part on the private sector in the topic of investment. ”
He explained, “that the central bank does not close the private banks that deal means illegal, but merely Trust them,” and urged enactment of civil Banking Act to regulate the work in the direction that serves the country. ”
The parliamentary finance committee has raised complaints against private banks to the Ministry of Finance, and called for the installation of a paragraph in the general budget on behalf of guarantee deposits due to poor some banks manage. ”
Finance Committee revealed in the House of Representatives, earlier, for smuggling $ 180 million a day from Iraq to the outside, by dollar sales in the Central Bank , What is the effect on the landing value of the Iraqi dinar against the dollar, which is witnessing a surge quickly.
The private banks control conducted by the Central Bank of Iraq, which has the power to suspend dealings in the event of proven disposal money illegally. ”
In the same regard, the source said the Finance Committee declined to be named the “world”, on Tuesday, the private banks are run by officials and politicians for the purposes of exploitation of state funds illegally, indicating “that the money that take place in some private banks laundering operations aimed to destroy the economy rather than improve it, So will the results of reliance on the private sector in the coming months are known targets, namely, that ranges Iraq’s economy whereabouts as long as there is a long political Wade works against the state. ”
It is worth mentioning that the central bank may develop over the past year the bank “economy” of the investment under the trusteeship, attributing this to “his commitment to the advancement of the bank and protect its customers,” Ditto for a central bank “Warka” put under the tutelage Also during the year 2012 to find work before deciding filed during the last year.
The Committee of the Parliamentary Integrity has revealed earlier in the provision of 16 banks waged false invoices to the central bank to buy dollars.
alaalem.com
