Government to Carry Out the Responsibility of the Central Bank of Smuggling $180 Billion
|April 28, 2012||Filled under Iraq Daily News|
Only 5 percent of foreign remittances are legally
Baghdad, Tariq al-Araji
Download the Secretary General of the Council of Ministers, the central bank responsible for the smuggling of amounts estimated at 180 billion dinars over the past years due to poor procedures, controls on the movement of funds.
Said on the Keywords in a statement Sabah: The an earlier report issued by the Board of Supreme Audit confirmed that the operations of foreign exchange is not according to the law or the instructions, and that less than five percent only of the transactions are conducted in a legal way.
He explained that the audits of a sample of $ billion in foreign remittances have shown that ten million dollars of which only are documents and documents fundamentalism, and other transfers took place without any document. He considered that these amounts when fleeing from the country is still vulnerable to corruption and money laundering operations to finance terrorism, it is a great shock to the government.
The Secretary-General of the Council of Ministers that it has required the central bank governor to tighten control over the the movement of money, and activate the Office of the Inspector General appointed by the Prime Minister, but the bank refused to direct the Inspector, in addition to the Bank’s call to activate the Office of Money Laundering of the law as one of the formations of the Central Bank and is responsible for review of conversion processes, indicating that these claims come to support the bank and not to interfere in his work, as rumored, the fact that the government is responsible for managing this process and the preservation of state funds and funds of the Iraqi people.
Considered Keywords «for defect at this level and uncertainties of running billions of dollars in a country trying to build its economy, it means that other efforts for economic reform will not lead to desired results.
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