25/07/2012
Baghdad (news) ..
Praised the economic expert, Ibrahim al-Mashhadani, the procedures for
the closure of the Central Bank (190) Office of banking irregularities
result in the transfer of hard currency.
He said al-Mashhadani (of the Agency news) on Wednesday: The holding of the Central Bank made a sound, well-to deter the smuggling of hard currency and the reduction of the process of money laundering, adding that these offices have become channels of serious requiring her attention because they affect the amount of the dollar in the market and raise the value of in front of the dinar.
He added the central bank should identify and monitor ports are limited to take out the dollar in order to maintain its value against the dinar, and the development of severe penalties for perpetrators of violations of the law.
He pointed out: that the granting of leave to open banking offices must be preceded by harsh conditions by the central bank and include penalties if it violates these terms and give them freedom to act in foreign currency because it is an important factor in the economy of Iraq.
He explained: banking offices make it easier for citizens financial matters away from the routine, but that the legal work does not harm the economy of the State. / End / 21. D. Q /
He said al-Mashhadani (of the Agency news) on Wednesday: The holding of the Central Bank made a sound, well-to deter the smuggling of hard currency and the reduction of the process of money laundering, adding that these offices have become channels of serious requiring her attention because they affect the amount of the dollar in the market and raise the value of in front of the dinar.
He added the central bank should identify and monitor ports are limited to take out the dollar in order to maintain its value against the dinar, and the development of severe penalties for perpetrators of violations of the law.
He pointed out: that the granting of leave to open banking offices must be preceded by harsh conditions by the central bank and include penalties if it violates these terms and give them freedom to act in foreign currency because it is an important factor in the economy of Iraq.
He explained: banking offices make it easier for citizens financial matters away from the routine, but that the legal work does not harm the economy of the State. / End / 21. D. Q /