Al-Kazemi has the authority to restrict the work of the currency auction and to hold accountable the negligent
Member of Parliament Finance: Al-Kazemi has the authority to restrict the work of the currency auction and to hold accountable the negligent
Baghdad today – Member of the Parliamentary Finance Committee, Abd al-Hadi al-Saadawi, revealed that there are suspicions of corruption hovering around the work of the foreign currency auction.
Al-Saadawi said in an interview singled out (Baghdad today), that “there are money sold in the currency auction without supervision and allow large corruption operations, therefore it is possible that the Prime Minister, Mustafa Al-Kazemi, according to his powers, monitors the window of currency sales and holds accountable those who fail.”
He added that “Al-Kazemi does not have the powers to cancel the auction of selling the currency, as it is a window to the central bank in order to obtain the local currency and also import the goods.”
He stressed that “the Prime Minister also has the power to restrict the work of the auction and does not have the right to cancel it.”
The member of the Parliamentary Finance Committee, MP Majida Al-Tamimi, said on Monday (1 June 2020) that her research in the Iraqi currency auction led her to shocking results, which were the arrival of money from the auction to terrorist groups, as well as another part of it going to Iraqi political parties.
During her talk about the program (shortest paths) presented by the media, Dr. Nabil Jassem on Al Sharqia News screen, Al-Tamimi studied: “I discovered that the currency auction goes to four parties, some of the central bank employees, the other quarter to the parties and the other quarter to the merchants.”
She added, “As for the last quarter, it goes to the financing of terrorism,” noting that “the financing of terrorism was through a currency auction.”
Iraqi observers and officials estimate the value of what was sold of the dollar in the currency auction during the past fifteen years at more than 300 billion dollars.