Parliamentary Finance: Central missed a $ 10 billion civil control over some of its d
Parliamentary Finance: Central missed a $ 10 billion civil control over some of its decisions and banks
2016-04-03 19:15:40 | (Voice of Iraq) - Baghdad
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.
The committee member said Haitham al - Jubouri in an interview with Alsumaria News that " the sale of the dollar 's central bank window is still a source of concern 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 although its response later 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 was not able to in this policy light of maintaining the exchange rate , which is the goal , " pointing out that " the exchange rate the dollar is currently exceeds 1 290 dinars, while sold at the bank in 1190 dinars , and these differences amounting to 100 Namira go to the pockets of the corrupt."
The Jubouri that "there are three to four community banks control some of the decisions issued by the Central Bank controls some leadership in the bank personalities and dominant on the decision and instructed sell the currency , " noting that "these banks are trying to cause problems within the window section of which is the removal of some banks , which It leads to increased exchange rate and thus more Estphadon which sometimes exceed their profits for one million dollars. "
He said he "was conducted understandings with the Governor of the Central Bank in order to improve the performance of the currency sale and in fiscal policy that serves Iraq window."
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 of 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 that of its functions to provide currency for foreign trade.