***** Central: Iraq's money kept in foreign banks and there is no smuggling

Saturday 14 June 2014
| 14:16



Central denies the existence of any manipulation or smuggling operations in Iraqi money out of the country



Qurtas News / Baghdad

Denied the Iraqi Central Bank Governor agency, Abdul-Basit Turki, the Sabbath, the figures in the state to transfer money from the central bank, control and direct them to places unknown citing the security situation.

Said Turki said in a statement for "Qurtas News" that "the media dealing with the news does not have information on the mechanism of action of the central bank and the whereabouts of the money," he said, adding that "the Iraqi money kept in foreign banks as a mechanism dependent, and there is at the central bank are some of the money, mostly dating back to the transactions currency auctions. "

The media talked about the different smuggling money from the central bank because of fears of a takeover by terrorists, indicating that those funds that have been smuggled dominated by state officials.



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