Centralized losses lose $ 2 billion

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Centralized losses lose $ 2 billion

Post  Admin on Tue Aug 08, 2017 1:33 pm

BAGHDAD (Reuters) - Iraq's central bank said on Tuesday it had lost 856 billion dinars and nearly $ 100 million (about $ 1 billion) due to the seizure of its branches spread across three provinces.

The bank statement said that "the Iraqi banking system was exposed after the events of June 15, 2014, a major setback because of the control of gangs calling on the three provinces of Nineveh, Anbar and Salahuddin, in addition to important parts of the province of Diyala," noting that " About 121 branches of government and private banks, including the branch of the Central Bank of Iraq.

The statement added that "the estimates in light of the latest financial conditions of the branches of the banks that controlled them, he said that the total amounts were estimated at about 856 billion dinars, in addition to about 101 million dollars, and most of these deposits belong to the government departments and provincial projects within The balance of 2014, including the balances of the Ministries of Defense and Interior, and balances belonging to minority members of Christians, Yazidis, Shabak, Turkmen and all other Islamic sects and sects, in addition to the assets of some small local companies whose owners left these cities because of the war and the occupation of Da'ashi Natgahm ".

The statement added that "the pressure worsened on the banking system after the acquisition of the Kurdistan Regional Government deposits in the branches of the Central Bank belonging to the Ministry of Finance of the region, which is estimated at 5 trillion dinars, which returns about 50% to the Iraqi Trade Bank, and the other half to more than 80 branches Belonging to private banks, including branches of foreign banks operating in Iraq. "

The bank said that "the organization has taken large sums of money since the imposition of control over large areas of Nineveh in June 2014, as the income of the organization of two billion dollars a year, making it one of the richest organizations at the time," adding that "Daash became rich through the sale The oil it gets from Iraq and Syria, while it is not disclosed who buys the oil he steals and urges and smuggles to different countries. "

"The daily revenue of an organization calling for the illegal sale of oil is around $ 2 million for the sale of about 30,000 barrels per day," he said. "The price of a barrel of black gold in the organization ranges from $ 25-50 per barrel before the fall in oil prices Past. "(1)



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