You should check the source of funds paid by the huge Iraqi banks to buy dollars..collapse of the Iraqi dinar
Chalabi: You should check the source of funds paid by the huge Iraqi banks to buy dollars in order to avoid the collapse of the Iraqi dinar exchange rate
Dated: 8/13/2012 11:52:13 Monday
Baghdad (news) .. Called on the Iraqi National Congress leader Ahmad Chalabi, the central bank and financial players responsible to check the source of funds huge paid by the Iraqi banks to buy dollars from the Central Bank.
Chalabi said in a statement received by the Agency (news) a copy of it on Monday: The Iraqi banks paid 3 trillion and 749 billion dinars for the fourth month of this year, 4 trillion and 634 billion dinars to buy dollars in the fifth month of this year, with paid 4 trillion and 177 billion dinars in the sixth month of the past. He added, so you have to wonder, Where did you get these banks on these quantities vast Iraqi dinars to buy dollars at an auction the Central Bank of Iraq?. He explained: that the Board of Supreme Audit and the Central Bank of Iraq are urged to check account customers, because it is known that the banks are prohibited from buying foreign currency and speculate on its behalf if it is not there to have a customer who has a reason to buy dollars according to law and order. He continued, should also check where did these customers on these large amounts of Iraqi dinars to buy such large amounts of dollars. He said that the central bank converts dollars to the bank account buyer with the correspondent bank, and the Central Bank the right to request access to the statement at the local bank the Iraqi with any correspondent bank in the world. He continued: It is necessary, the central bank to look at and analysis of transfer of dollars bought by the correspondent bank after conversion from Iraq, if the these parties Office of Financial Supervision and the Central Bank analyzed the purchases of the dollar would amount to The fact of the money laundering and the transfer of foreign currency from Iraq in violation of law. called Chalabi, the parties concerned to study the matter seriously because any collapse in the Iraqi dinar exchange rate would have negative consequences for a large affect the poor and low-income, because commodity prices will double them. / End / d. Q /