Uzmatk _ Central Bank authorizes Qatari and Kuwaiti banks to open letters of credit

12/15/2012 2:16

Uzmatk _ Baghdad _.

Authorized the Central Bank of 3 private banks to open letters of credit and the introduction of LC With a world-Mansour, credit and Baghdad.

This came during the official statement issued by the Central Bank of Iraq in its Held on the sixth of this month and got "news agency Uzmatk" This is based on Book Official No. 1492.

It is said that these banks are funded by Qatar and Kuwait but does not include authorization other Iraqi banks with national capacity through the national capital shareholder, what constitutes economic scandal can not be tolerated at all.

According to One expert in the Iraqi economy, this behavior that used it the central bank is one of the abnormal behaviors that go into the door of financial and administrative corruption and is therefore an important link of the rings, money laundering, which turn to some politicians exploiting system Monetary Iraqi of Iraq's central bank and transfer those amounts to countries were obvious and blatant hostility. noting The opening credits suspicious this is working out according to International fixed-LC system, which gives annual profits to banks and banks including $ 50_60 billion dinars annually.

It is worth mentioning that the suspicions of financial and administrative corruption was forwarded to the central bank was Bank Governor Sinan al-Shabibi first defendant in this case along with another group of bank employees and those included in the judicial investigation and interrogations of the Finance Committee in Parliament.


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