Tamimi: Auction currency destroyed Iraq's economy

08/12/2015




BAGHDAD / JD / .. criticized a member of the parliamentary finance committee Majida al-Tamimi current Central Bank, as pointed out the need to abolish the currency auction called to distance his administration from quotas partisan and political.

She said Tamimi, a statement posted on its official website and seen by Agency / KD / The political and partisan quotas confound the work of government institutions, particularly the economic ones, "stressing" the necessity to run the central bank by specialists economy and money, not according to the quotas that have caused the destruction of Iraq's economy ".

She said al-Tamimi said the currency auction in a large increase in spite of our pleas many of the Central Bank of the need to reduce the sales of hard currency, especially since these sales sometimes be covered by the reserve value negatively affect the quantity, "emphasizing" the importance of maintaining the size of the reserve and in proportion to the international standards. "

The eye that "there is a great imbalance in the currency auction" where indicated that the central bank customers from the private sector are buying the dollar at the official rate under the pretext of covering imports State and this move carry an imbalance intentional, the fact that the sale of the dollar at the official rate goes into the pockets of corrupt ".ostgrepett Tamimi of" the insistence of the central bank to keep the currency auction, "she wondered," Is there an auction in the neighboring countries of the coin as is the case in Iraq / end / 22 /


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Tamimi: banks managers benefit from the central auction 300-400 million dollars a month


History of edits:: 2015/12/8 15:17


He said a member of the parliamentary Finance Committee, Majida al-Tamimi, said the directors of banks are benefiting from the currency auction of the Central Bank between 300 to 400 million dollars a month. "

Said al-Tamimi, in a statement received by the agency all of Iraq [where], a copy of "the lowest person of chairmen of departments in some private banks taken advantage of currency auction of about 300 to 400 million dollars a month," pointing out that "the reserve state continues to decline, as it was more than $ 80 billion and is now $ 59 billion as a result of the loss of money and it went into the pockets of the corrupt. "

She pointed out that "the currency auction, which stress the cancellation of tours licenses destroyed Iraq's economy, because the money that is wasted in these two very large paragraphs and should be a serious review of the two size" adding that "the importance of a central bank governor and the first line in the administration of specialists in the economy and money, and those with advanced degrees, and enjoy the experience and banking Specialization financial side. "

She said Tamimi, "The Finance Committee received a letter from the central bank is in the process study and answer them, and then will host the governor to put points on the characters and to reduce the large size of the corruption indicator we have," asking the governor by providing them with "a formal letter explaining in detail how much was the official reserve and how much was Now, the Iraqi people to get out on the amount of money wasted.

"
Tamimi revealed "a person do to import materials worth two billion dollars and his company with a capital of 50 million dinars only," she wondered, "How the central bank to deal with such people."

The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that the bank reserves of foreign exchange of 60 billion dollars, "adding that" enough for six months, "noting that" the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation ".

And raised suspicions of corruption and operations of money laundering through the central bank auction where announced, specialized issues of integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases some degree chairman ".anthy

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