A parliamentary committee monitors the “funny and crying” paradoxes in the policies of the Iraqi Central Bank
Shafaq News / On Monday, a parliamentary committee observed paradoxes that it described as “cryingly funny” in the policies of the Central Bank of Iraq that resulted in the waste of billions of dinars, calling for an investigation into this file.
The Parliamentary Services Committee said, in a statement received by Shafaq News Agency, that it is surprised by the “duplication” in the Central Bank’s decisions and policy, which in all aspects indicate “wasting public money and creating glut for a small number of beneficiaries.”
She added that this policy as a whole did not achieve anything for Iraq and its people, which made Iraq lose billions of dollars annually due to differences in transferring hard currency abroad, which provided a service on a golden platter to the corruption mafias without any benefit to the public interest.
The bloc pointed out that one of the funny and crying ironies is that foreign banks are making billions of dinars in profits from hard currency transfers from Iraq abroad without providing any service or benefit for the public interest.
The bloc believed that it was possible to develop a mechanism and plan to transfer these amounts through government banks, represented by the Commercial Bank of Iraq (TBI), due to its distinguished relationships with foreign correspondent banks, in addition to Iraqi private banks, which also have similar relationships with correspondent banks in countries. The world and benefit from these differences in order to invest them in building schools and hospitals and supporting infrastructure reconstruction plans.
The Parliamentary Services Bloc called on the Prime Minister, the Chairman of the Integrity Commission, and members of the Parliamentary Integrity Committee to open an investigation and find out about the entities working within the Central Bank that imposed such illegal measures surrounded by clear suspicions of corruption and causing the waste of public money.
The bloc confirmed that it will work to follow up this file within Parliament with the relevant committees, especially parliamentary integrity and finance, to find out the details of this file and reveal the facts to public opinion in order to achieve victory for the Iraqi people and their wealth.
Shafaq.com