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What is the relationship between gold imports and dollar smuggling in Iraq?
Economy | Yesterday, 13:02 |
Baghdad today - Baghdad
Economic affairs specialist Ahmed Al-Tamimi confirmed today, Wednesday (December 11, 2024), the
use of
gold import operations in operations to smuggle the dollar out of Iraq.
Al-Tamimi said, in an interview with “Baghdad Today,” that “recently,
there have been more gold imports by the Emirates and Turkey than in previous periods, and
this indicates the existence of operations to smuggle the dollar through such import operations, especially since
the dollar for these operations is done through the official price.”
Through a special platform, this brings huge profits to some of these smugglers.” He stressed that
"there must be strict controls on importing gold from abroad, and
imports must be according to specific weights as well as time frames between one operation and another.
This matter may lead to tightening American measures again on the dollar in Iraq, as
this matter is an indicator of smuggling operations through... Importing gold, and even
Iraqi government agencies are aware of this, and they are working to limit it during the next stage.”
In a related matter, independent MP Kazem Al-Fayad confirmed, on Friday (October 25, 2024), the existence of companies working to smuggle currency abroad in many illegal ways. Al-Fayyad told Baghdad Today:
“There are fake companies in Baghdad and the rest of the governorates that work to smuggle currency.
There are also non-fake companies that also work to smuggle work in many different illegal ways, and
some of them were revealed by the competent authorities during the past periods.” He stated,
“Despite the tightening of security and oversight by the Central Bank and other parties,
these companies are still working to smuggle currency, and
this is considered the most prominent reason for the continued rise of the dollar in the parallel market, significantly above the official price, and
some of these companies are affiliated with influential parties and figures.”
"It takes advantage of this matter in its illegal operations."
On Sunday (August 18, 2024), the Parliamentary Security and Defense Committee revealed the secrets of 6 specific strikes by what it called hard currency smuggling mafias in Iraq.
Committee member Representative Yasser Iskandar Watut told Baghdad Al-Youm,
“Smuggling hard currency in all its forms
is a drain on the country’s economic capabilities and
leads to pressure on the markets by raising exchange rates,
which leads to an increase in prices.” Watout added,
“There are efforts being made, some of which are exceptional, through the reports we receive that reflect the continued implementation of a series of strategies to reduce the smuggling of hard currency, which has been controlled by up to 80% in recent months through the efforts of the Ministry of Interior and its formations with the Central Bank, which have achieved results.” positive in this regard. He pointed out that
“six operations that took place in the past months represent qualitative strikes against the hard currency smuggling mafias in Iraq, and they bore fruit.” He explained,
“But has smuggling ended completely?
The answer is no, and
efforts are continuing to end these illegal acts, which are carried out with complexities that require intense and multiplied work from before the competent authorities.
https://baghdadtoday.news/263738-ما-علاقة-عمليات-استيراد-الذهب-بتهريب-الدولار-في-العراق؟.html
Economy | Yesterday, 13:02 |
Baghdad today - Baghdad
Economic affairs specialist Ahmed Al-Tamimi confirmed today, Wednesday (December 11, 2024), the
use of
gold import operations in operations to smuggle the dollar out of Iraq.
Al-Tamimi said, in an interview with “Baghdad Today,” that “recently,
there have been more gold imports by the Emirates and Turkey than in previous periods, and
this indicates the existence of operations to smuggle the dollar through such import operations, especially since
the dollar for these operations is done through the official price.”
Through a special platform, this brings huge profits to some of these smugglers.” He stressed that
"there must be strict controls on importing gold from abroad, and
imports must be according to specific weights as well as time frames between one operation and another.
This matter may lead to tightening American measures again on the dollar in Iraq, as
this matter is an indicator of smuggling operations through... Importing gold, and even
Iraqi government agencies are aware of this, and they are working to limit it during the next stage.”
In a related matter, independent MP Kazem Al-Fayad confirmed, on Friday (October 25, 2024), the existence of companies working to smuggle currency abroad in many illegal ways. Al-Fayyad told Baghdad Today:
“There are fake companies in Baghdad and the rest of the governorates that work to smuggle currency.
There are also non-fake companies that also work to smuggle work in many different illegal ways, and
some of them were revealed by the competent authorities during the past periods.” He stated,
“Despite the tightening of security and oversight by the Central Bank and other parties,
these companies are still working to smuggle currency, and
this is considered the most prominent reason for the continued rise of the dollar in the parallel market, significantly above the official price, and
some of these companies are affiliated with influential parties and figures.”
"It takes advantage of this matter in its illegal operations."
On Sunday (August 18, 2024), the Parliamentary Security and Defense Committee revealed the secrets of 6 specific strikes by what it called hard currency smuggling mafias in Iraq.
Committee member Representative Yasser Iskandar Watut told Baghdad Al-Youm,
“Smuggling hard currency in all its forms
is a drain on the country’s economic capabilities and
leads to pressure on the markets by raising exchange rates,
which leads to an increase in prices.” Watout added,
“There are efforts being made, some of which are exceptional, through the reports we receive that reflect the continued implementation of a series of strategies to reduce the smuggling of hard currency, which has been controlled by up to 80% in recent months through the efforts of the Ministry of Interior and its formations with the Central Bank, which have achieved results.” positive in this regard. He pointed out that
“six operations that took place in the past months represent qualitative strikes against the hard currency smuggling mafias in Iraq, and they bore fruit.” He explained,
“But has smuggling ended completely?
The answer is no, and
efforts are continuing to end these illegal acts, which are carried out with complexities that require intense and multiplied work from before the competent authorities.
https://baghdadtoday.news/263738-ما-علاقة-عمليات-استيراد-الذهب-بتهريب-الدولار-في-العراق؟.html
