CBI sells $ 44 billion in 2015

CBI sells $ 44 billion in 2015

2015/12/31 10:33

CBI sells 44 billion in 2015[Baghdad-where]
According to statistics of the Central Bank of Iraq to sell more than $ 44 billion in the auction of the currency since the beginning of this year until Wednesday.
According to statistical According to the website of the bank that “the quantity sold to banks from the date of 01.04.2015 until 12.30.2015 was 44 billion and 303 000 799 thousand and $ 966.”
In spite of this huge amount which form of remittances, including the largest proportion, but recorded, according to the Central Bank a decrease compared to the same period last in 2014 of 7 billion 234 million and 149 thousand and $ 34, reaching sales for the period mentioned 51 billion and 537 million and 949 thousand dollars.
The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that the bank reserve currency Foreign reach 60 billion dollars, “adding that” enough for six months, “noting that” the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation.
“and raised suspicions of corruption and operations of money laundering through the central bank auction where announced, specialized issues misdemeanor court Integrity and economic crime and money laundering, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely chairman.
“said a member of the Commission Parliamentary Finance, Majida al-Tamimi, said banks managers benefit from currency auction of the Central Bank between 300 to 400 million dollars a month, “pointing out that” reserve state continues to decline, as it was more than $ 80 billion and is now $ 59 billion as a result of the loss of money and she went into the pockets of the corrupt.
“She pointed out that” the currency auction, which stress the cancellation of tours licenses destroyed Iraq’s economy, because the money that is wasted in these two very large paragraphs and should be a serious review of the two size “referring to the” importance of a central bank governor and the first line in the administration specialists in economics and finance, and those with advanced degrees, and experienced banking and financial Specialization side. ” is over

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