Re: Member of the parliamentary finance reveal a mechanism to combat "corruption" currency auction

by **Ponee** Sun Dec 18, 2016 9:19 am

Member of the parliamentary finance reveal a mechanism to combat "corruption" currency auction
The news agency Buratha 25 15/12/2016

He revealed the parliamentary finance committee member Majda al-Tamimi, Thursday, about the existence of a mechanism and a plan will be discussed with the governor of the central bank on the Keywords after the legislative recess of the House of Representatives in order to put an end to "corruption" winning in the auction currency sale and "a few community banks control" the country's economy.

Tamimi said in an interview that "there is a mechanism for putting you eliminate corruption in the civil-winning work of banks and currency auction sale once and for all," indicating that "it was put up mechanism on the Governor of the Central Bank during the period hosted by the Committee."

Tamimi added that the "Keywords pointed to the existence of another mechanism with the central bank to deal with the same situation," adding that "it was agreed to hold a meeting after the legislative recess between the Finance Committee and the Governor to discuss the mechanisms in order to reach a common formula that would allow the elimination of the case of corruption, which controls the work of those banks in the auction of the currency. "

She stressed that "an attempt to control the exchange rate does not need to auction currency as is the case in Iraq, we did not find such a mechanism in any country in the world," pointing out that "the currency auction was limited benefits for four or all five points of currency traders." .

The MP for the Federation of Iraqi forces Burhan Mamouri was considered, in (1 December 2016), that monetary policy led by the Central Bank "is solid" and caused the "waste" in the hard currency entering the country, as he pointed out that the auction currency sale of the bank It did not achieve the goals that the foundations for it, noting that the auction sold $ 312 billion over the past years have been transferred 80% of which are out of the country.

http://burathanews.com/arabic/economic/307589