Parliamentary Economy: Iraq reserves drop to $ 43 billion due to corruption of the auction currency

Tuesday, November 15, 2016 16:34


BAGHDAD / Baghdadi Uz..okdt Parliamentary Committee on Economy and Investment, on Tuesday, Iraq's low reserves of hard currency to $ 43 billion as a result of the auction of the currency, noting that the need to stop the auction of the currency.

The committee member said Abdul Salam al-Maliki, in an interview with / Baghdadi News / "Iraq has reserves of hard currency in the Central Bank fell to $ 43 billion, as a result of the continued draining of Iraq's money in an auction sale of the currency," noting that "the central bank sells at auction a month nearly six billion dollars in return oil imports is not up to that amount. "

"The auction of the currency has become a window for corruption and money laundering by agreement between the state and civil banks and corrupt staff in the central", stressing that "most of the money laundering and bleaching operations are in the bank under political cover."

And between Maliki said that "employees of the central bank deliberately Exchange volatile instruments and clips delay to international banks to deal with the Iraqi government, to keep money in the bank and turn it into a private transfer Bmtnfven companies in return for large commissions," pointing out that "a lot of international banks refrained from dealing with the bank Central, because of this case. "

Maliki pointed to "the need to stop the auction currency and waste of public money, because the continuation of the auction will lead to a reset of the Iraqi reserves," calling to "determine the specific amount has no effect on the Iraqi Reserve" .anthy 21 / d is being sold every day

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