Detection of unknown civil official currency manipulator banks Since 07/12/2015
Detection of unknown civil official currency manipulator banks
Since 07/12/2015 13:31 pm (Baghdad time) Special - scales News
He confirmed the parliamentary finance committee member Majda al-Tamimi, 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's / scales News /, that "there are community banks located on the land of Iraq as the name only to buy currency and transfer abroad," asserting 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 went to one of these banks did not find only the guard," stressing 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 the Central Bank to discuss this matter," pointing out that "the Central Bank conference several days ago, was not clear."
Tamimi, he wondered, "Why do not you use letters of credit to cover imports for the private sector and out of this crisis?".