Economist: Banks' profits from the currency auction are enough to build 20,000 housing units
August 31 15:44
Information / Baghdad.
The economic expert, Nabil Jabbar Al-Ali, confirmed, on Wednesday, that the
profits earned by banks from the currency sale auction are sufficient to build 20 thousand housing units, a thousand schools and ten giant hospitals.
Al-Ali said in an interview with / the information agency, that
"the sales of the Central Bank are increasing or decreasing compared to the commercial movement, and in light of a clear economic recession, the sales of the Central Bank are increasing, which puts the currency sale window under suspicion." He added that
"in conjunction with the end of the caretaker government and the increase in political tensions, it is believed that parties are working to transfer their money that they have gained outside Iraq." He pointed out that
"every billion stolen dollars can build more than a thousand model schools or 20,000 housing units or ten giant hospitals,
while the central bank, according to its new sales, reached a monthly increase of almost double, meaning that it moved from 4 or 5 billion dollars per month and started approaching $10 billion or more.
The economist, Diaa Mohsen, had earlier accused the central bank of colluding with private banks and influential political figures in an auction of hard currency. finished / 25 h