"Fake banks participate in it" ... Economist: The currency auction must be stopped due to its corruption
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
"Fake banks participate in it" ... Economist: The currency auction must be stopped due to its corruption
"Fake banks participate in it" ... Economist: The currency auction must be stopped due to its corruption
- 11/24/2020

{Baghdad: Al Furat News} The economic expert, Eid Toufan, stressed the need to stop the currency auction due to corruption, while noting that fake banks participate in the auction.
In an interview with Al-Furat News Agency, Tufan said, "The currency auction is a large window of corruption due to the control of certain personalities and banks over this auction," indicating that "the benefits that accrue from the auction are estimated at 10% due to the state, and this matter is not realized despite the financial circumstances." It is difficult, but many people are adamant about this auction. "
He added, "This auction and its windows opened many banks, according to specialists and the Parliamentary Finance Committee, who confirmed that there are funds and banks that are not present only on paper, but they buy dollars at the state price and sell it at the black market price."
Tufan asked, "Is it reasonable that Iraq buys the harvest (buckthorn) by 20 billion within one month, or the tomatoes that we imported with 4 billion within one month. These are frightening and false numbers."
He indicated that "the currency auction must be codified and companies must be assured, and the most important point is to ensure the profitable returns for these sums because Iraq sells the currency at less than the black market and with a daily, monthly and annual loss. Reconsideration of the currency auction is very required or at least stopped."
He continued, "Despite the Corona crisis and the financial crisis, the currency auction did not close at a time when there was a complete closure of institutions due to the pandemic, and we do not know how this process took place."
Ali al-Rubaie
https://alforatnews.com/news/%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D9%88%D9%87%D9%85%D9%8A%D8%A9-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D9%81%D9%8A%D9%87-%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%8A%D8%AC%D8%A8-%D8%A5%D9%8A%D9%82%D8%A7%D9%81-%D9%85%D8%B2%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%84%D9%81%D8%B3%D8%A7%D8%AF%D9%87
He added, "This auction and its windows opened many banks, according to specialists and the Parliamentary Finance Committee, who confirmed that there are funds and banks that are not present only on paper, but they buy dollars at the state price and sell it at the black market price."
Tufan asked, "Is it reasonable that Iraq buys the harvest (buckthorn) by 20 billion within one month, or the tomatoes that we imported with 4 billion within one month. These are frightening and false numbers."
He indicated that "the currency auction must be codified and companies must be assured, and the most important point is to ensure the profitable returns for these sums because Iraq sells the currency at less than the black market and with a daily, monthly and annual loss. Reconsideration of the currency auction is very required or at least stopped."
He continued, "Despite the Corona crisis and the financial crisis, the currency auction did not close at a time when there was a complete closure of institutions due to the pandemic, and we do not know how this process took place."
Ali al-Rubaie
https://alforatnews.com/news/%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D9%88%D9%87%D9%85%D9%8A%D8%A9-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D9%81%D9%8A%D9%87-%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%8A%D8%AC%D8%A8-%D8%A5%D9%8A%D9%82%D8%A7%D9%81-%D9%85%D8%B2%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%84%D9%81%D8%B3%D8%A7%D8%AF%D9%87
claud39- VIP NewsHound
- Posts : 17051
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» thrasher hoodie
» bijenkorf schoenen
» The exchange rate of the dollar against the Iraqi dinar in the local markets today
» Footforward - The best is yet to come
» Judy Update claiming -- Wed. 27 Jan. was the date of the Global Currency Reset, at which time the general public Tier 5 would be able to exchanging foreign currencies at their new international rates.
» NICK FLEMING UPDATE, filled with dragons and lies
» COFFEE WITH MARKZ - Video and Transcript -- Jan-25 2021
» MarkZ claims -- I am not hearing any change on rates…could those high rates be reflective of the weakening of the US dollar? Yes- that is a possibility.
» Pimpy says it could be 3 more years before the IQD RV
» MilitiaMan says -- they are ceasing the Multi Currency Practices... 0 cash sales. A key indicator change is coming.
» Al-Halbousi and the Emir of Kuwait discuss activating the joint governmental and parliamentary committees between the two countries
» The International Development Bank announces its joining the "Bani" platform
» Source: The IMF knows very well that the Minister of Finance has lost the confidence of the people and will not loan it again
» Kuwait and Iraq hold talks on regional and international developments
» New statement by the Minister of Planning on the exchange rate and the agreement with China and the Port of Fao
» Footforward says -- Trump and Kushner have fixed things so that the RV can happen...
» Jeff says -- they are going to increase the value of their currency at the beginning of a new budget period.
» RayRen98 says == US banks and call centers are "on location" this morning being told to look for "activity" between this afternoon and Sunday evening..
» Bruce says -- Iraq is going to be the strongest currency and the strongest financial nation in the middle east and not too long from now...
» FLEMING UPDATE, 23 JAN
» THE BIG CALL HIGHLIGHTS, 23 JAN
» TNT WEEKEND UPDATE 1-23-21 SATURDAY
» Bruce and Jeff -- January through March was the season for the rate change.
» Currency 365 -- "Breitling and Bob" Dinar - Tax Update
» KTFA CHAT, 24 JAN
» Judy Note: There has been no new Intel on the GCR release since last Fri.
» KTFA: MILITIAMAN UPDATE , 24 JAN
» Explanation of the Zim VIDEO
» TNT stating that - It was reported that some banks had several cars in the parking lot this morning as early as 7:00 AM.
» Iraq needs to restructure its economy according to the global context
» A clear pledge by the parliament regarding deductions and salaries of employees in the budget before it is approved soon
» A leader with victory comments on Al-Abadi's concerns about the Biden period: 5 solutions for Iraq - urgent
» For the first time, Syria is offering a banknote of the 5000 denomination for circulation
» Al-Araji discusses with the US ambassador continuing cooperation in combating terrorism
» After Biden’s inauguration, the Iraqi Front marks a "major challenge" facing the Al-Kazemi government
» A high-ranking delegation from the Kurdistan Regional Government arrives in Baghdad
» Al-Halbousi arrives in Kuwait on an official visit
» The Finance Committee hosts the Secretary General of the Council of Ministers to discuss the draft budget bill
» Mazhar Saleh explains through the obelisk the opportunities available for printing the Iraqi currency and its consequences for the standard of living