A parliamentarian submits six 'proposals' to stop the 'hard currency drain'

On Monday, a member of the Parliamentary Economic and Investment Committee, Representative Abd al-Salam al-Maliki, presented six proposals regarding the window for selling the currency in order to achieve a correction in the course of the monetary and financial process and to stop the hard currency drain.

Al-Maliki said in an interview with Alsumaria News, "The economic and health crisis that the country is going through and the need to correct the financial and economic process to bypass it makes us face a legal and moral responsibility to end the currency drain and the exploitation of those conditions by the corrupt," indicating that "corruption in private banks and smuggling the country's currency Outside, through these banks, all matters require a serious pause for us to address.

Al-Maliki added, There are a number of steps that we propose to the relevant authorities to follow up and apply them regarding the window for selling the currency, including that the bank’s share of foreign cash transfers be one million dollars per month, and that the transfer of sums be done by a documentary credit in accordance with international norms, pointing out that the proposed The third is that there is a sale of hard currency for the purposes of travel, treatment and other things to people, and in an amount determined by the central bank, it would have been 20 thousand dollars and in controls set by the bank.

He continued, "We also suggest that there be sales for the purposes of electronic shopping, visa and master cards, and that the official selling price of the dollar be adopted in all operations," stressing that "the first steps of the Central Bank of Iraq should be through following up the transfer operations as it is supposed to be." Compliance and money laundering employees in banks are all government employees appointed by the Central Bank of Iraq and that the bank pays their salaries only.

https://iraqakhbar.com/2723999