Central Bank: the black market to dominate the economy
Baghdad / Iraq's future
The Central Bank of Iraq to the black market is the dominant economic transactions taking place in the country, in reference to find the application of the bank's decision to disclose trading in hard currency. Deputy Central Bank Governor Dr appearance of Mohammed in a press statement: "The black market is the dominant the Iraqi economy by virtue of economic transactions large taking place in the market, noting that when we asked the banks to bring instruments to find out who buys the dollar did not Tatna from sales of $ 300 million only three million dollars. "However, the benefit," that some of the dealings on the black market is contrary to the laws, but traders insist to conceal it from the official institutions because of low culture, economic and tax evasion, he said, adding that it is unfortunate to note that everyone prefers to work in the dark and away from light, and in Iraq there are dealers buying and selling millions of dollars but avoid opening a bank account to identify themselves. and Deputy Governor of Central Bank a lot of traders entering the windows of the central bank through banks the names of others or using aliases or through a fictitious company, although some of them practiced business operations are correct, but there is a fear of openness with the official institutions, in addition to those who violate the laws and engaged in illegal activities.
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