In numbers … Al-Darraji reveals the extent of financial corruption in currency auctions and outlets

In numbers … Al-Darraji reveals the extent of financial corruption in currency auctions and outlets

06-10-2020 11:48 AM

In numbers ... Al-Darraji reveals the extent of financial corruption in currency auctions and outletsBaghdad / Al-Akhbariya

A member of the Parliamentary Finance Committee, Muhammad Sahib Al-Darraji, revealed, on Tuesday, the extent of financial corruption in the currency auction and border crossings in numbers, while the Prime Minister called for personal intervention in the Ministry of Finance’s management of the country’s resources.

Al-Darraji told Al-Ikhbariya that “financial corruption at the border crossings has reached 27 billion dollars since the beginning of this year until now, while the volume of financial corruption in the currency auction has reached 495 million dollars.”

He added that “the volume of corruption according to these figures is very large,” explaining that “the remainder of the reserves of the Central Bank of Iraq is less than 60 billion dollars and the issue has become very critical, especially with the continued corruption of the currency auction in millions of dollars.”

Al-Darraji called on Prime Minister Mustafa Al-Kazemi to “personally intervene in the administration of the Finance Ministry to solve corruption, as well as resolve the intractable salary crisis and end the Finance Minister’s bargaining over imposing borrowing.”

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