Tuesday, June 19, 2012Finance Committee: Banks should be required to set the controls for the sale of hard currency to prevent a repeat of smuggled abroad
The member of the Finance Committee MP / mass change / Shoresh Haji Mustafa, to force banks to sell specific controls hard currency to prevent a repeat of smuggled abroad.
Said Haji (the Agency news) said Tuesday that a central bank last to open multiple ports for the sale of hard currency in all of Iraqi banks, will help stabilize the Iraqi dinar against the dollar, but it must be punctuated by certain controls require banks to prevent the occurrence of a currency smuggling abroad.
He noted that when the central bank allowed banks to sell foreign currency Iraqi stay with her following the specific mechanisms of how to sell, but most banks in Iraq did not comply with legal procedures and may still exist smuggling operations due to lack of effective control by the Central Bank.
He should be set up monitoring committees to follow up the work of Iraqi banks with respect to the sale of hard currency to prevent the return of smuggled abroad, because it will affect the national economy and the local currency.
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