Member of Finance Committee: banking offices should be monitored to curb the smuggling of foreign currency

Member of Finance Committee: banking offices should be monitored to curb the smuggling of foreign currency
On: Wednesday 07/04/2012 10:03

Baghdad (news) .. The member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, to tighten legal controls on the work of bureaux de change and money orders to curb the smuggling of foreign currency abroad.
Mutlaq said (of the Agency news) said on Wednesday: Although the smuggling of currency found in all countries the world and performed in different ways, but they are to varying degrees from country to country, but the proportion of currency smuggling in Iraq are great, and began to spread rapidly due to the absence of actual control of the banking offices. He added that the methods of conducting the smuggling of foreign currency in Iraq are in many ways, including the offices of remittances domestic and foreign currencies, although it stemmed from officially sanctioned by the State but conducting questionable because of the lack of control of the real by the government on it. A: You must set controls and legal action to follow up the work of banking offices and the offices of converting currency Balkash because it would harm the national economy, indicating that the phenomenon will appear gravity later by a deterioration in the local currency. and continue the phenomenon of smuggling hard currency of the country abroad, especially to countries that are under siege of an international economic order like Iran and Syria, which made the dinar exchange rate volatile against the dollar in the last period. / End / 8. d. Q /
Source: ikhnews