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Economist: Smuggling of hard currency is carried out through private banks
August 24 19:55
information/private.
The economic expert, Abdul Rahman Al-Mashhadani, confirmed, on Wednesday, that the
private banks are the only beneficiaries of the Central Bank's sales of dollars by smuggling hard currency out of Iraq. Al-Mashhadani said in an interview with “The Information” that
“the Central Bank of Iraq’s daily sale of huge numbers of dollars is very suspicious compared to the volume of Iraqi imports,” stressing that
“the only beneficiary from selling such numbers, which amounted to 300 million dollars per day, are the private banks that You benefit 20 cents from the dollar and one." He added,
"The official import data and numbers that are published do not match the numbers that the Central Bank sells daily," adding that
"the Iraqi economy is in a state of depression now due to the unstable political situation, and also the volatile tourism at the present time."
According to observers in the economic field and currency exchange,
the Central Bank auction to sell currency in its current form serves many banks affiliated with influential parties and gives them important profits with which they can face the interruption of financing, especially since the selling differences are large between the bank and private banks. finished / 25 y
Economist: Smuggling of hard currency is carried out through private banks
August 24 19:55
information/private.
The economic expert, Abdul Rahman Al-Mashhadani, confirmed, on Wednesday, that the
private banks are the only beneficiaries of the Central Bank's sales of dollars by smuggling hard currency out of Iraq. Al-Mashhadani said in an interview with “The Information” that
“the Central Bank of Iraq’s daily sale of huge numbers of dollars is very suspicious compared to the volume of Iraqi imports,” stressing that
“the only beneficiary from selling such numbers, which amounted to 300 million dollars per day, are the private banks that You benefit 20 cents from the dollar and one." He added,
"The official import data and numbers that are published do not match the numbers that the Central Bank sells daily," adding that
"the Iraqi economy is in a state of depression now due to the unstable political situation, and also the volatile tourism at the present time."
According to observers in the economic field and currency exchange,
the Central Bank auction to sell currency in its current form serves many banks affiliated with influential parties and gives them important profits with which they can face the interruption of financing, especially since the selling differences are large between the bank and private banks. finished / 25 y
