Sarfen: Central Bank controlled by routine procedures and the unfairness
Sarfen: Central Bank controlled by routine procedures and the unfairness
12.05.2013 (0:01 pm)
term Presse / Baghdad
Criticized a number of owners of companies banking financial crackdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and while stressed that the CBI lacks regulations in its dealings, pointed out that What puts Bank of instructions and controls “harsh and where injustice.”
said Mohsen al-Shammari, a company owner banking during the seminar discussion organized by the Baghdad Chamber of Commerce in the building of the room and I attended (range Press), “The Central Bank and, since 2003, is pursuing policies and methods lacks the regulations do not affect something of the Iraqi Central Bank Law, which is the other needed adjustments and significant changes. ”
He Shammari that “the bank imposes huge amounts of money and clouds at banking companies that are primarily supposed to help the central bank in the fee policy and the preservation of the market.”
and between Shammari that ” those amounts which amounted to half a billion Iraqi dinars placed in the accounts of the Iraqi Central Bank as collateral and capital of the company, as well as the payment of five million dinars every year, and that we do not know where to go Is it a tax or fee of custom?!.
continued Shammari that “the central bank as possible be described by the Department of Security of Saddam Hussein, because we as subjects of companies can not approach the office of any employee and we can not ask about the fate of our dealings official that remains many months in the inclusion of the bank’s employees, as well as directing fines and penalties, without warning and in the absence of any official letters . ”
For his part, general manager of the Rasheed Bank Kazem fistula in an interview to the (long-Presse), “The central bank in general needs to be planned objective in his dealings, especially with private banks and banking companies because it does not there could be a single window to handle.”
He fistula that “those banks and banking companies are institutions profitable, so when he goes its penalties and fines for ongoing as well as restrict the procedures and routine big, you will not get the profit and this will be the existence problem in the Iraqi market will reflect negatively on the citizen.” In turn, the deputy governor of the Central Bank and former chief economist appearance of Mohammed Saleh in an interview with the (long-Presse), “The Central Bank despite his quest for monetary policy governing the economic process, but it should be close to the banking companies and private banks by the presence of one day at least to listen to their problems and resolved as soon as possible. ”
and the benefit of that “banking companies have a significant impact on the market during the trading of foreign exchange, and in order not to make those companies platforms to waste those currencies must embrace and reduce red tape have put the law clear and explicit to them, they seek profits through dealing with the citizen and the market, and everything about the market. ”
and sees specialists that the lack of monitoring the work of banking offices by the central bank and the unstable security situation, as well as the preoccupation of politicians in the internal conflicts of factors helped to increase the activity of mafia money laundering in these offices, especially after the exposure of some neighboring countries to tensions economical made them dependent on Iraq as an outlet for hard currency and smuggled into those countries.
was the Iraqi Central Bank announced, earlier, for the abolition of banking companies unregistered has regardless of obtaining a license from the Ministry of Commerce or not, and confirmed that the companies banking registered and approved before 2003, the 300 companies only, as pointed out that the current companies exceeded thousands a mixture of companies operate according to the terms and conditions of the bank and the other got a leave of absence from the Ministry of Commerce, while others operate without getting any vacation.
was the Truth in matches Development Fund of Iraq revealed, on the eighth of April 2013, the central bank sold during the past six years in the auctions process conducted by about 207 billion dollars, equivalent to 56% of Iraq’s oil revenues in those years, and while confirming that those sales were more doubles than you need the local market, they revealed that more than half of those sales went to the banks poured specific purchases of the bank in the Gulf and Jordan.
almadapaper.net
