Investigative Committee on the accounts of the Development Fund for Iraq with the Central Bank confirm the existence of the dollar smuggling out of Iraq

Admin Mon Apr 08, 2013 10:39 am

Monday, 08 April / April 2013 16:10

{Baghdad: Euphrates News}
Investigative
Committee confirmed on the accounts of the Development Fund for Iraq
with the Central Bank of the existence of the dollar smuggling out of
Iraq, calling for "curb this variation in the dollar exchange rate with
the Iraqi dinar because its continuation will result in higher prices."
Committee
Chairman Ahmad Chalabi in a press conference held at the parliament
building attended by the correspondent Euphrates News Agency {} "The
central bank sales of dollar between the years 2006 - 2009 amounted to
{207} billion {832} million, or an average of 56 percent of the total ".

He
explained that "the amounts sold times what Astorda Iraqi private
sector in that period as the difference between imports and what has
transformed it is only money laundering," noting that "Iraq's revenues
from oil between 2006 - 2009 amounted to 370 billion {847} million
dollars."
He
Chalabi "The committee has done a painstaking in its analysis and
adopted from 15 April to June 15 two of 2012 randomly, it is clear it
that the total auction sales were more than seven billion dollars, and
the share of more than five banks Hraoua of dollars more than four
billion dollars , equivalent to 57 percent of the total, and that these
banks have turned most of their purchases to the National Bank of Abu
Dhabi, with a share of more than two billion dollars, and Bank of Jordan
Finance House more than two billion dollars. "
He
added that "these figures and focus remittances in banks raised
interest Committee and continued scrutiny and managed access to
information concerning one of these five banks, it is clear from the
analysis of remittances in April last year, that bought Bank of central
bank auction amounted to more than $ 341 million, where on the bank of
the amount total of more than $ 267 million to exchange companies in the
United Arab Emirates and Jordan, and got one of the exchange companies
on the $ 53 million, while the company acquired another 50 million, all
in one bank of five banks in just one month, and did not Central Bank
provides us with information about the other four banks. "

He
said the "information we've gone to the need to reach the ultimate
beneficiary of these transfers, the _kina in that a lot of money
financial corruption in Iraq find their way to the outside through
remittances, but we did not get most of the information required from
the relevant sources in Iraq, so we will resort to the parties
International to get this information. "

Chalabi
said the "central bank reserves is a cover of the Iraqi dinar, which is
in the possession of every Iraqi citizen and therefore ask the central
bank to publish daily on its website the total reserve and the details
of currencies and gold in any foreign banks kept."

"The
total auction sales in the first three months of 2013, amounted to {10}
billion {152} million and compares with sales for the same period last
year {10} billion {149} million but the price of the dollar in the free
market, currently {1280} dinars to the dollar while the central bank
rate is {1180} dinars to the dollar while the dollar exchange rate for
the same period last year to exceed {1220} dinars to the dollar and the
price was the same Bank. "

Chalabi
called the central bank to "stop the variation in the price of the
dollar because its continuation will result in higher prices and an
increase in inflation and the erosion of the income of citizens,
especially the staff." Ended

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