Parliamentary committee: 10 banks, 8 companies and 7 people who control the economy of Iraq unchecked
Date: Monday 12/31/2012 05:44 pm
BAGHDAD - Iba
. raised the issue of central bank a lot of questions and speculation about the circumstances that accompanied that led ultimately to refer the case to the judiciary to investigate the charges corruption administrative and financial with dismissal Bank Governor Sinan al-Shabibi and label manager of Financial Supervision Abdul Basit Turki conservative proxy. As promised the independent press (Iba) as published documents obtained by relating to the minutes of the parliamentary committee formed to follow the policy of the Central Bank and the U.S. dollar exchange rate and auction, they published the first part of the day documents. The minutes of the committee that it held several meetings with officials in the Ministry of Finance and the Central Bank and the Financial Inspection Office to discuss the matter, noting that the meetings were being chaired by First Deputy Speaker of Parliament Qusay al-Suhail and the presence of members of the Committee.
explains the record that the committee demanded BSA provide a detailed report results Checking auction of foreign currency transactions during 2012. The Court already presented his report No. 4/3/1/20094 - 09/25/2012.
On 02/10/2012 Parliamentary Committee met to discuss the report of the Bureau and the information contained therein and with the following results:
first - the report confirms the existence of a clear imbalance in the bank instructions Central regarding auction of foreign currency, in addition to the dominance and acquisitions limited number of private banks from those instructions.
The table indicates blogger in the minutes of the Committee to that ten banks accounted for the amount of 17447490000 (seventeen billion and four hundred and forty-seven million four hundred and ninety thousand dollars) of total amount (29982230000) (twenty-nine and nine hundred and two eighty and two hundred and thirty thousand U.S. dollars).
Bank of the Middle East was in first place as they accounted for an amount of $ 2,701,000,095 two billion seven hundred and 1,000,095 dollars.
while came the United Bank for Investment came in second in the amount of 2,387,000,242 two billion, three hundred and seven and 80,000,242 dollars.
followed in the standings North Bank 2,256,000,615 amount of two billion and Mitian and fifty-six and 615 dollars.
Bank Arbil 2,320,802,000, an amount two billion and three and 20.802 million dollars.
either National Bank of Iraq 000 1,873,553, one billion ثمنمائة and three and 70.553 million dollars.
while the Bank of the UNESCO 000 1,534,961 billion and five hundred and four and 30.961 million dollars.
Bank Elaph Islamic 000 1,355,781 earned a billion and three hundred and fifty-five and 781 thousand dollars.
and Bank of Kurdistan 000 1,179,982 earned a billion and one hundred and nine and 70.982 million dollars.
Bank Rasheed 000 1075835 happened is the other one billion and five and 70.835 million dollars.
while Iraqi Islamic Bank 000 1,058,624 earned a billion and eight 50,000,624 thousand dollars.
Secondly - indicates the minutes of the Parliamentary Committee in the second clause, limited dealings of the banks above a group of companies and persons specified without others , which led to Astitharhm buying and selling of the dollar and the high rates and control the exchange rate and not others, and below a sample of those companies and individuals who divested central bank auction with rates of purchase (according to a report of the Parliamentary Committee).
Co. prairie Arab Bank Middle East 140 000 23% one hundred and forty million
Manaf Ahmed Dawood North Bank 68 749 17% sixty-eight million seven hundred and forty-nine thousand dollars
Ali Dawood Ali North Bank 60 510 15% sixty million five hundred and ten thousand dollars
Imad Hassan Ali Bank Erbil 51 475 13% Fifty-one million four hundred and seventy-five thousand dollars
company Mir Bank of Arbil 49 763 13% Forty-nine million seven hundred and sixty-three thousand dollars
company Pamuk commercial bank Erbil 49 540 13% Forty-nine million five hundred and forty million dollars
company Hura Valley United Bank 87 885 33% seven and eighty and ثمنمائة and eighty-five thousand dollars
Flower Co. mountains United Bank 39 270 15 % Thirty-nine million two hundred and seventy thousand dollars
a company kindergarten Sultan United Bank 36 067 14% Thirty-six million sixty-seven thousand dollars
company elite time National Bank of Iraq 34 965 37% Thirty-four million, nine hundred and sixty-five thousand dollars
Fattah Abdullah National Bank of Iraq 15 373 16% five ten million, three hundred and seventy-three thousand dollars
Muhannad Npras National Bank of Iraq 13 650 15% thirteen million six hundred and fifty thousand dollars
Kamal Elias Abbas Bank Elaf Islamic 41,960 46% Forty-one million, nine hundred and sixty thousand dollars
to improve Khalil Hassan bank Elaf Islamic 28,441 31% Twenty-eight and four hundred and one and forty thousand dollars
company Badia bank Elaf Islamic 13,790 15% thirteen million seven hundred and ninety thousand dollars
and confirms the minutes of the Committee that the companies and persons above divested amount (731,438) only seven hundred and one and thirty million four hundred and thirty eight thousand dollars of the amount of sample and adult (000 2,298,128 ) only two billion, two hundred and ninety and eight million aqueous and twenty-eight thousand dollars).
blamed Committee in the minutes that the banks responsible for the concentration of those transactions, however, these companies and individuals that lead to monopoly and left heavy damage at the middle and lower merchants.
indicates the record that the Directorate General of control banking and credit did not indicate such a feedback, although he of homework intuitive diagnosis such violations.
mention that the investigations on the central bank is still ongoing, at the time indicated some charges to suspend Thread laundering money and smuggling hard currency out of Iraq, which led to the rise exchange value of the dollar against the Iraqi dinar.
says specialists that auction hard currency, which is evaluated Central Bank monthly aims to control the exchange rate of the dollar against the Iraqi dinar, which succeeded in the past years before the appearance of signs do dealers and offices banking smuggling currency to neighboring countries.
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