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CBI Auction sell the currency continues to embezzling millions

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CBI Auction sell the currency continues to embezzling millions

Unread postby admin » Mon Jul 29, 2013 8:15 am

CBI Auction sell the currency continues to embezzling millions

Created on Monday, July 29 / July 2013 10:18

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Baghdad / Orr News

Senior political source confirmed that the game of high exchange rate of the dollar is still valid, especially that it is the third largest way to embezzling millions of dollars a day and distributed to partners of politicians and leaders of parties and blocs outstanding, as well as influential in government. The source said that "the so-called" auction sale of the currency "by the central bank is only a way to manipulate the market and to keep the crisis of rising dollar, noting that" this auction did not get in anywhere in the world only in Iraq under the pretext of fixing the exchange rate dollar, compared dinars. "

The source pointed out that "continuing to sell the currency to resolve the crisis, the high price of the dollar came as a result of ignorance of economic matters," likely to continue the process, which he described as "a sitcom - Alambkih" to steal from which large sums of money of the people for a longer period. This is due, an economist Maytham Laibi, fluctuating exchange rate of the Iraqi dinar against the U.S. dollar to change the policy of the Central Bank from time to time .. Witness the exchange rate of the Iraqi dinar against the U.S. dollar fluctuated between one period and another Economists attributed to many things is the instability of the central bank monetary policy and to the political differences that appear from time to time on the political scene.

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