Government agencies a monopoly central bank for trading in hard currency!
Government agencies a monopoly central bank for trading in hard currency!
12/05/2013
A number of owners of companies banking financial displeasure of the crackdown that followed the central bank, which controls the routine procedures, and argued that they could not get close to any employee office to ask about their transactions.
They said the bodies close to the government monopoly on currency trading within the central bank, stating that there are close ties to officials close to the government officials of the bank, making it easier to provide them with hard currency.
They pointed out that the CBI lacks regulations in its dealings, stressing that what puts Bank of instructions and controls harsh and the “unfairness”.
Said Mohsen al-Shammari, owner of banking during the seminar discussion organized by the Baghdad Chamber of Commerce “that the central bank is possible that the described circle safe Saddam Hussein, being the owners of companies and we can not approach the office any employee to ask about the fate of our dealings official that remains many months in the inclusion of the bank’s employees.”
He added that “there are penalties and fines imposed on us without warning and with no official letters, not to mention the amounts that may be up to half a billion dinars placed in the accounts of the central bank does not know whether the tax or fee of custom?”
For his part, Director General of the Rasheed Bank Kazem fistula that “the central bank in general needs to be objective in his dealings plans, particularly with private banks and banking companies being can not be there is a single window to handle.”
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