Parliament urges the banks to contribute to control the sale of the dollar

07/23/2012 0:00
BAGHDAD - Al Sabah

Download Member of the economy and investment deputy Aziz Mayahi, the central bank responsible for not decrease the value of the dollar against the dinar because of the absence of effective control on the process of dollar selling by banks approved, stressing that most of the banks approved the sale of hard currency reserves in dollars and sell them. of the citizens.

Mayahi said: There is a large financial corruption in the sale of hard currency through banks, being based on forged documents in the sales, without mismatch did not sell dollar reserves and other funds are transferred to the outside Dunn and Rod goods.

He noted that the rate of sale dollar by the Central Bank during the month of June amounted to more than (20) billion dollars, and was supposed to when you import goods from abroad, it takes a customs fee of $(5 percent) of the value of any goods is deducted billion dollars to the Customs Authority ,

but this figure does not have to now, evidence that the transferred funds to go out without receipt of goods (ie, operations to smuggle currency).

He added that the central bank bears the responsibility of raising the price of the dollar against the dinar because of the lack of strict control on the process of sale the dollar and the scrutiny of the documents from which conducted the sale.

and see the exchange rate of the dollar against the dinar increased significantly during recent times.

has allowed the Central Bank's (25) private banks to sell the dollar according to certain controls, and gives the bank a week for each million and (250) thousand dollars at the (1179) dinars and sold to citizens at (1189) dinars that the ratio of profit of banks (10) dinars to create a balance between the quantity offered and the size of currency increased demand to maintain the value of the dinar against the dollar, at which time the exchange rate still ranges between (1240 - 1250) dinars per dollar.