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Central banks accused of fraud in the proportion of profits in hard currency

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Central banks accused of fraud in the proportion of profits in hard currency Empty Central banks accused of fraud in the proportion of profits in hard currency

Post  Admin Sat May 19, 2012 1:37 pm


Accused the central bank, on Thursday, except the good banks to "circumvent" the rate of profit on the sale of hard currency specified by the Bank.

The deputy governor said that the appearance of Mohammed, "and, alas, except banks, Rasheed Bank does not charge the rate of profit given to it by the Central sell hard currency for consumers with a rate ten dinars per dollar."

He explained that the appearance of "the banks and instead of being the link between the central bank and the buyer turned to the final buyer and seller of a final and started to sell foreign currency at black market to consumers."

It is clear that "the owners of banks have the tricks and twisting to get the monopoly commission does not care about the country's economy," noting that "the solution lies in providing adequate foreign currency market."

The central bank last week accused the four countries to "conspiracy" to hit the financial economy to empty the financial strength of its market, noting that the free trade corridors in Iraq is becoming the means adopted to hit the economy.



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