Legal expert calls for banks that earned billions of central bank auction identify beneficiaries
Legal expert calls for banks that earned billions of central bank auction identify beneficiaries
Date: 16/11/2012 17:31:10 Friday
Baghdad (news) .. Demanded legal expert Tareq Harb, private banks, “which are no more than a handful” T received billions of central bank auction identify the beneficiaries, noting that what achieved hee banks of the profits outweigh the profits banks U.S. and European.
pointed war in a statement received (of the Agency news) on Friday, to: that the central bank has billions dividend to a number of private banks are no more than a handful during an auction sale of foreign currency without dozens of private banks that did not allow them to compete to buy the dollar in this auction. continued war: and where in some days are sold three hundred million dollars earn interest of not less than 18 billion Iraqi dinars and could determine the number of profits earned during the year or years from the date of sale the Central Bank of the dollar in this auction. explained war: that these banks that share auction only check profits of billions which is the difference between the sale price of the dollar from the central bank and between its real market, these banks are obliged specify the names of people and the beneficiaries of this sale so that these billions of dollars can not be in the interest of banks participating in the auction only, but for the benefit of others, and this requires on these banks determine the names of the beneficiaries in implementation of the Central Bank Act and the Banking Act civil and otherwise, these banks are vulnerable to unacceptable, especially since the profits generated daily for these banks from selling the dollar from the central bank than bank profits U.S. and European banks. / end / t. St. /
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