Disclosure of eligibility banks in the country you are buying the currency and convert them to the outside (Details)

07-12
-2015 05:30 PM



Confirmed the parliamentary finance committee member Majda al-Tamimi, said on Monday that there are community banks in Iraq are buying the currency and convert them to the outside, as pointed out that these banks are buying the currency at the official rate and sell them at the market price.

She said Tamimi, in a press statement, that 'there are community banks located on the land of Iraq as the name only to buy currency and transfer abroad ', saying that' these banks affecting the financial crisis in the country attributed the reason to the fact that banks are buying the currency at the official rate and sell them at the market price.

'She added that' one of the Finance Committee staff to turn one of these banks did not find only the keeper ', adding that' these banks are buying the currency from the central bank at the official rate and then turning that currency to cover imports but you import the simple things and the remaining of the currency is converted to the outside.

"She noted that 'will be hosting the Governor of Bank Central to discuss this matter ', pointing to the central bank An'matmr several days were not clear before.'

wondered al-Tamimi, said 'Why do not you use letters of credit to cover imports for the private sector and out of this crisis...... http://www.ikhnews.com/index.php?page=article&id=143220