Zuhair Araji confirms the existence of 10 companies illegally led to rise of the dollar

14/04/2012 12:20

BAGHDAD / Aswat al-Iraq: MP for the Iraqi bloc free Zuhair Araji, Saturday, the committee formed by the prime minister to investigate the reasons for the high price of the dollar compared to the Iraqi dinar, to investigate how the 10 companies and banks to deal with the Central Bank in foreign currency, although it is not among the 21 companies which issued the approval of that dealing with.

They said in a press statement, received by the agency (Voices of Iraq) a copy of that "there is information to suggest that companies that used to deal with the Central Bank, which received official approval in this regard are the 21 companies and the Bank only, but what happened later is the entry of 10 companies and banks of an unknown destination and its dealing with the Central Bank in foreign currency, for a total of 31 companies companies."

"The companies last 10 started to deal with the Central Bank after it was officially announced Company of the 21 within the limits announced by the Bank at the time, and these companies today take the amounts in dollars up to a top of 1 129 Iraqi dinars and turning these funds to these banks and companies that The re-deposited in other banks, offices, intermediate, leading to a further increase in the price of the dollar, noting that the amounts drawn in foreign currency are large sums of money compared to viability of the Central Bank and the Iraqi economy."

He continued that "the investigative committee to study these things carefully to check how to enter these ten companies after the completion of the acceptance of dealing with the 21 companies that deal in hard currency according to the controls."

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