Private banks accused of smuggling hard currency to pay citizens to withdraw their assets

Economic Analyst: private banks accused of smuggling hard currency to pay citizens to withdraw their assets deposited

04-06-2013 11:44 AM

Private banks accused of smuggling hard currencyBaghdad (news) .. Refer economic analyst Ibrahim al-Mashhadani, the reasons for asylum citizens to withdraw their deposits finance from local banks to charges of domestic banks by the central bank and some politicians smuggling hard currency abroad. Mashhadani said (of the Agency news): The current security situation and mutual accusations between the Central Bank and private banks and some government institutions born out of fear the Iraqi citizen, what he paid about withdrawing his assets deposited in private banks. said: that the continuation of the process of withdrawing deposits would hurt the overall activity in the market and the Iraqi economy, and reduce the contribution of private banks in the development of economic projects in the country, calling for to make decisions and controls by the Iraqi government and the central bank assured citizens that their money reserved and invulnerable. This has reports indicated an increase withdrawal rates of citizens for deposits of financial saved in local banks due to the deteriorating security and political situation in the country. / End / 8.’s. m /

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