An expert explains the reasons for the increase in central bank sales.. "The solution to the outlets"
September 11 19:04
Today, Sunday, the economic expert, Nabil Al-Ali,
explained the reasons for the increase in central bank sales, while
the only solution to controlling currency smuggling is to control border crossings.
Al-Ali said in an interview with "Information", that
"the sums smuggled from the currency sale window are the sums sold by the Central Bank minus the
- real amounts of import, in addition to the
amounts of private transfers." He added,
"The increase in the Central Bank's sales must be linked to one or more of the following reasons:
- increased trade and import movement,
capital flight, and
organized smuggling by corrupt politicians in the presence of political conflict that reached the use of weapons."
And regarding the solutions necessary to undermine corruption in the currency sale window, the expert explained that
“the government does not have the authority over the central bank, even if it has the will,
because the central bank is an independent institution that is not under the control of the government,” noting that
“the government can control the currency sale window through control.” on the ports. He pointed out,
"The presence of the window is necessary to feed the Iraqi market with dollars, and
it may be possible to replace it with the other currency market, even if we will face other problems."
Earlier, the independent deputy, Basem Khashan, confirmed in an interview with “The Information” that
“in the next few days, we will announce the papers and documents that prove the Central Bank’s violation of all legal and financial matters in the presence of the Financial Supervision Bureau,” adding that
“the Central Bank does not sell The currency is now working to sell Iraq." Done/25 SR