Wednesday, August 8, 2012

Member of Finance Committee: There is a drain of hard currency in central bank auctions require direct intervention to curb

 08/08/2012

Baghdad (news) .. The member of the Finance Committee MP / National Alliance / Haitham al-Jubouri, Presidency of the Council of Representatives to intervene directly to stop the drain of foreign exchange and money laundering in the central bank auctions.
Jubouri said in a press conference attended by the reporter Agency (news) said on Wednesday: The serious information and many useful obtaining significant violations per day at the central bank, caused by the control of the mafias from inside and outside the bank and limited companies on the auction sale of hard currency, in addition to the lack of seriousness in the activation code No anti-money laundering (93).

He added there is a danger surrounding the capital deposited in some private banks, as happened in Basra and the Warka bank, with the absence of regulations and instructions concerning the mechanisms of sale of the currency.

He pointed out: the importance of the formation of an investigative committee in the House, involving members of the Committees on Economic, financial and integrity, and to emphasize the need to ensure that the central bank to the capital of depositors of citizens in banks and activate the Anti-Money Laundering No. (93) and stop the drain of hard currency, which reached to (220 billion) since 2003, and the need to activate coordination between officials of fiscal policy and monetary policy makers in accordance with Article (24) of the Act (56) issued by the Coalition Provisional Authority's central bank.

A: Be sure to import licenses and the health issue and the adoption of special offices are heavily censored and the Supreme Audit to ensure that the exploitation of this section for money laundering, and activating the role of Supreme Audit to sell the currency and activating the role of the Ministry of Interior and National Security mechanism for direct inspection of banking offices. / Finished / d. Q /