Chalabi: Office of Financial Supervision and the Central Bank urged to check…

Chalabi: Office of Financial Supervision and the Central Bank urged to check to find out the expense of local Iraqi banks bought the greenback

The head of the National Congress Party Ahmad Chalabi, Office of Financial Supervision and the Central Bank of Iraq to the checks to see the account of the acquired banks, local Iraqi huge amounts of dollars, 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.

Chalabi said, according to a statement received by all of Iraq [where] a copy of it today that “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 wondered where you got these banks on these massive amounts of Iraqi dinars to buy dollars at an auction the Central Bank of Iraq? “.

He added that he “must check where you got those customers on these large amounts of Iraqi dinars to buy such large amounts of dollars.”

Chalabi said that the central bank prevents the bank account of dollars to the buyer at the correspondent bank, the Central Bank and the right to request access to the bank account statement to the local Iraqi reporter with any bank in the world. “

And went on by saying it is necessary to keep the central bank and analyzes the remittances 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 ” .

He acknowledged that the central bank in charge of the protection of the dinar exchange rate, he succeeded in this mission a success worthy of praise, saying: “If we compare the exchange rates of the currency in Iran, Turkey and Syria to exchange rates in Iraq over the past five years, we find that the fluctuations of exchange rates in Iraq did not exceed the 8 %, while in Iran has reached to 120% and 90% Turkey 80% and in Syria. “

Chalabi called on parties concerned to study the matter seriously because any collapse in the Iraqi dinar exchange rate would have significant negative consequences affecting the poor and low-income because commodity prices will double what they lead to the erosion of their purchasing power.