10/26/2020 12:24 Readings 26 Section: Iraq
Representative economics submits 6 proposals to correct the course of the monetary and financial process
Baghdad / Al-Masalla: Member of the Parliamentary Economic and Investment Committee, MP Abdul Salam Al-Maliki, presented, on Monday, October 26, 2020, six proposals regarding the window for selling the currency in order to achieve a correction of the course of the monetary and financial process and to stop the bleeding of hard currency.
Al-Maliki said in an interview reported "The Obelisk" that the economic and health crisis that the country is going through and the need to correct the financial and economic process to bypass it makes us face a legal and moral responsibility to end the currency drain and the exploitation of these conditions by the corrupt,
indicating that corruption in private banks and smuggling the country's currency abroad through These banks are all matters that require a serious pause from us to deal with.
Al-Maliki added that there are a number of steps that we propose to the relevant authorities to follow up and implement them regarding the window for selling the currency, including that the bank’s share of foreign cash transfers be one million dollars per month,
and that the transfer of the sums be through a documentary credit in accordance with international norms,
pointing out that the third proposal is that there be Sale of hard currency for the purposes of travel, treatment and other things to people, with an amount determined by the Central Bank, which was $20,000, according to controls set by the bank.
He continued, as we suggest that there be sales for the purposes of electronic shopping and electronic cards, Visa and Master, and that the official selling price of the dollar be adopted in all operations,
stressing that the first steps of the Central Bank of Iraq should be through following up the transfer operations as it is assumed that the compliance and money laundering personnel In banks, all of the government employees appointed by the Central Bank of Iraq and that the bank pay their salaries only.