US report shocked by the Central Bank auction and a supportive participation in it
Date of release: 2018/1/16 21:00 • 699 times read
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WASHINGTON (Reuters) - The US foreign policy magazine said on Tuesday that the central bank's currency auctions, which allow banks, companies and currency exchange shops to access the US dollar, have taken a year to prevent their participation.
The magazine said in a report that "Daash was able to smuggle at least 400 million dollars from Iraq and Syria after the defeat, and this criticism can be the smuggling of money outside Iraq or invest in local Iraqi markets."
"In 2014 and 2015, I participated in currency auctions by the Central Bank of Iraq, which allows banks and the role of currency exchange to get the US dollar in cash and help Baghdad to stabilize the exchange rate, but the Iraqi government took almost a year to prevent participation Criminal group".
"He knows that Baghdad has not controlled the informal economy and exploited it. He controlled the old smuggling routes when it occupied parts of Iraq and Syria in 2014, making it able to earn a million or more dollars a day from the war economy.
The organization also smuggled In addition to gold and oil, where evidence suggests the complicity of a number of political parties and individuals closely associated with them from Iraq and neighboring countries in fueling this black market.
"He has invested at least $250 million through intermediaries in the Iraqi market in Baghdad and the liberated areas, often tribal chiefs or businessmen with clean records who can hide their links to the terrorist organization and are given a lump sum of cash to invest in certain businesses, Then take the organization is calling up part of the profits.
He pointed out that "the money laundering operations carried out by Daqash are done through companies such as commercial front companies, auto shops, electronics and pharmacies, but their favorite work is banking."
According to the CBI, "hundreds of small exchange houses associated with Da'ash are now operating in Baghdad, and these companies have allowed the group to convert the Iraqi dinar into the US dollar, a currency that will have more access worldwide."
"Millions of dollars have been smuggled out of the country by traders, money changers and money transfer companies benefiting from the sale of the currency to the Central Bank of Iraq," they said.
Corruption and money laundering allegations are raised through the central bank auction.
On April 20, 2015, the Court of Misdemeanors on Integrity, Economic Crime and Money Laundering issued a ruling on the imprisonment and fining of officials in Rafidain and North Bank after they were convicted of corruption and money laundering charges. To the presence of 20 accused in these cases, some of them the degree of Chairman of the Board."