A major crime has been revealed … leaked emails from the Central Bank demanding the dismissal of the governor
A major crime has been revealed … leaked emails from the Central Bank demanding the dismissal of the governor
23/12/2020 14:45
[Baghdad-Where]
Member of the National Approach bloc, Representative Jamal al-Muhammadawi, revealed, on Wednesday, a leak from the Central Bank of Iraq that includes buying dollars from intermediary banks at a price of (1450) dinars, and while this was considered a “major crime” against the Iraqi economy, he demanded the immediate dismissal To the governor of the central bank and sue him.
Al-Muhammadawi said in a statement, that “a leaked email sent from the Central Bank addresses the intermediary banks that are speculating in dollars with their decision to buy dollars from those banks at a price of (1450) dinars per dollar. To the Iraqi judiciary. ”
He added, “It is known that the legal function of the central bank buys dollars from the Ministry of Finance and sells it to actual importing merchants and not to intermediary banks that acquire exorbitant benefits without providing any tangible economic or development activity, either to buy dollars from those banks that he himself sold to them at a price (1190). ) Dinars per dollar during the past months, meaning that he will pay her profits from the hard currency reserves and cover by five billion dinars for each sale the previous day.
He continued, “If we know that the banks’ selling of dollars in the market shrunk during the past week after the news of the exchange rate hike leaked out, then the result of the profit that you will gain from selling them the dollar that they bought from the bank and kept as a result of their knowledge of the news near the announcement of the new exchange rate, to return and sell it to the central bank according to the new rate announced by The bank’s profits only from the last week will be more than (25) billion dinars, and if we take into account the huge illegal profits that these parasitic banks have reaped from the jumps in the sale of the dollar in the market with the stability of its sale price by the bank during the last three months (at a rate of 200 billion dinars per month “So the total profits from all this operation would be close to (600) billion Iraqi dinars !! So was the central bank designed to serve opportunistic people supported and participants of harmonious politicians?
alliraqnews.com
