Parl Fin: Central missed 10 billion civil control over some of its decisions & banks
Parliamentary Finance: Central missed a $ 10 billion civil control over some of its decisions and banks
Sunday April 3, 2016 14:39
Finance Committee confirmed on Sunday that the central bank missed a $ 10 billion through the sale of dollar window, indicating that community banks control some of its decisions, while noting that it was an understanding with the governor of the bank in order to improve the performance of sell the currency window.
Said Committee member Haitham al - Jubouri in an interview with Alsumaria News that " the sale of the dollar 's central bank window a source of concern remains for us , " noting that " the bank earn a lawsuit over lack of determining sales , which came in the 2015 budget after submitting a complaint to the Federal Court despite its response in after the same figures that have been identified by us two years ago. "
He Jubouri that " the central bank had committed to what has been determined from the sales would have provided more than $ 10 billion, which missed this from the reserve currency," adding that " the bank 's reserves stood at the beginning of 2014 , more than $ 81 billion, while no more than now line of 43 billion dollars , in the sense that we have lost $ 38 billion. " He Jubouri that" the central bank has not been able in the light of this policy of maintaining the exchange rate , which is the goal , "pointing out that" the exchange rate the dollar now surpassed 1290 dinars, while sold in 1190 Dinar Bank and these differences amounting to 100 Namira go to the pockets of the corrupt. "
He Jubouri that"there are three to four community banks control some of the decisions issued by the Central Bank and control of some leading figures in the bank and in control of the decision and instructed sell the currency , "noting that" these banks trying to cause problems within the window section of which is the removal of some banks , which leads to increased exchange rate and thus Estphadon more, which in some cases exceed the profit for one million dollars. " he said he" was conducted understandings with the Governor of the Central Bank in order to improve the performance of sell the currency window in which serves the fiscal policy in Iraq.
" the governor of the central bank on the Keywords noted in the March 23 2016 that rationing exists with the bank to sell the dollar during the auction conducted by where we started to cut these sales in 2015, which amounted to 25% compared to the previous year which probably will reach these sales decrease by 40 to 50% from the previous year. he announced Keywords on the third of March 2015 that the new guidelines set by the bank is that the auction is no longer a daily window for operations for the sale of currency auctions, noting that the new mechanisms developed to sell this currency, especially The functions of providing currency for foreign trade.