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Brandon Jackson posted in the group Iraq dinar Vietnamese Dong and more
The damaged Central Bank of Iraq, all of Iraq, Iran and its cronies are beneficiaries
The official dollar price is 1190 dinars
The price of the dollar today in banking is 1270 dinars
It means the difference in every $ 100 between the official bank rate
And the market price is 8000 Iraqi dinars per paper !!
THE AVERAGE SALES OF THE CENTRAL BANK IS “APPROXIMATELY” $ 200 MILLION A DAY .. MEANING TWO MILLION $ 100 NOTES PER DAY THE BANK SELLS !!
Who can calculate the profits of “political” private banks
From this process their profit is as follows:
2 million papers (200 million dollars) x 8,000 dinars =
16,000,000,000 dinars Sixteen billion dinars … daily
81 banks belonging to political parties … all take this $ 200 million
This means {16} billion dinars are being applied to the budgets of political parties every day
IN THE END, THE CURRENCY AUCTION IS STEALING FROM THE COUNTRY THE MONEY FOR BUILDING 10 MODERN MODEL SCHOOLS THAT ARE FURNISHED TODAY
I repeat .. Ten complete schools per day means every month 200 schools means annually 2,400 fully furnished schools hand over keys
A “scandal” caused by the exploitation of his daily foreign currency auction and his preoccupation with the crisis of writing the name of his acting governor “Ali Al-Alaq” on the latest new edition of the Iraqi currency of the small category.
The owner of his exchange office said only to mention his first name “Muhammad” to the Furat News Agency regarding the Baghdad Bank file and the purchase of the currency auction through customers without their knowledge that “the bank bought the dollar from the currency auction in the name of about 438 customers with it,” indicating that “between 2-10 years – 2011 bought 100 billion Iraqi dinars and transferred 232 million dollars abroad, which is almost 3 times the way so how?
He added, “At the end of 2015 and 2016, we discovered in the names of our companies ridiculous amounts. We went to the tax authority and went to the” Baghdad “bank and refused to provide us with information. We went to the central bank and the other refused.
Muhammad emphasized that “there are many who do not know that his name was used in the Central Bank’s foreign currency auction.”
For his part, the economist Abdul Rahman Al-Mashhadani affirmed, “This subject has documents in other banks, in cooperation with tourism companies, by photocopying the passport and withdrawing $ 5,000 in the name of the owner of the passport while he does not know. 100?”.
He added, “He has documents about settling these matters, and the sums are huge, amounting to 400 to 500 million US dollars, and we own a book of the Central Bank with the Bank of Baghdad, and there are many banks that work in the same way, which is part of the money laundering business outside Iraq.”
He explained, “The role of this window should have been curtailed and regulate its work, but the currency auction should be open on a weekly basis, as it does not serve the Iraqi currency.”
Al-Mashhadani pointed out, “The liquidation of this matter for the owners of companies is not an easy matter, and the people who review the tax departments would have been better able to file lawsuits against these banks as being part of the fraud and fraud.”
There is no doubt that, since 2003, Iraq has become Iran’s heavy economic window, as the countries that suffer from stifling US sanctions on them, would not have been able to withstand the US blockade, had it not been for the Iraqi politicians.
YES, IRAQI POLITICIANS, NOT ALL OF THEM, BUT THOSE WHO POSSESS ARMED MILITIAS, WHO SEIZE THE MOST IMPORTANT POSITIONS IN IRAQ, AND CONTROL IT ARE NOT THEIRS, BUT RATHER ARE CONTROLLING IT FOR THE SAKE OF TEHRAN.
Iraq has tens if not hundreds of private and private banks, most of which are a window for corruption and to supply Iran with millions of dollars, not alone, but with it, the official Iraqi Central Bank.
This statement is not from us or just a narration, but was confirmed by the journalist # Hajar_Knaiao in an extensive investigation of documents and names about Iraqi banks and their people associated with Iran.
The investigation published by (Al-Arabiya Net) says that “the currency auction window in # Baghdad is the gateway to corruption for the flow of money to Iran and the financing of its militias with the money of # Iraqi oil.”
“Where the” Central Bank of Iraq “usually sells dollars to Iraqi private banks after obtaining oil revenues, which in turn sell them to Iraqi companies according to requests to import goods and goods.”
“Part of the import requests are” fake and fraudulent, “meaning that the dollar is sold at subsidized rates to banks by means of a” currency auction “, without the presence of goods being imported in return.
“In order for these funds to be transferred to exchange companies linked to Iran, or ISIS, although they were subjected to American and international sanctions,” the investigation shows that relied on high-ranking sources whose identity was not revealed.
“The average daily sales of the Central Bank range between / 150-200 / million dollars, (…) This is in violation of the 2015 Federal Budget Law, which limits its sales to / 75 / million dollars per day.”
The investigation revealed / 10 / private banks that the “Central Bank” deals with. These banks are managed by people linked to Iran, who finance them with Iraqi money, and they are as follows:
1- Al-Huda Bank
The bank owned by Hamad Al-Mousawi, who is close to former Prime Minister # Nuri Al-Maliki (Iran’s political ally), bought $ 6.5 billion for 3 money transfer companies between 2012-2015.
“The three companies, (…) are“ Al-Tayyib for Financial Transfer, ”run by“ Al-Mousawi ”himself, and“ Al-Muhaj for Financial Transfer, ”and owned by“ Hassan Nasser Al-Lami ”(who is close to Iran,” according to the investigation.
The third company, “Iraqna for Financial Transfer,” later turned into “Al-Rakhil Investment and Finance Company,” then the “Central Bank” canceled its license due to legal violations.
“And recently, the Iraqi Supreme Judicial Council demanded (…) on August 8, 2019, to lift the immunity of“ Hamad Al-Mousawi ”for the crime of appropriating money in another case.
Later, “Al-Mahaj Company” dealt with “Al-Rawi Exchange Company” (…) to transfer about / 547 / million dollars in 2014, and “Al-Rawi”, which Washington included in the list of defects in 2019 for its financing of ISIS. ”
2- A bank across Iraq
“In this bank, the relationship between Hamad Al-Mousawi and Hassan Nasser Jaafar Al-Lami, who is close to Iran who owns this bank, and also the owner of the Al-Mahaj Money Transfer Company, is highlighted,” according to the investigation.
3- Noor Iraq Islamic Bank
“Al-Lami” also owns it, it was under the tutelage of the “Central Bank” in 2012, and it was lifted in 2014, then in 2019 it was prevented from auctioning the currency after placing it on international sanctions and listing it on the black list.
Despite this, the bank was granted a certificate of appreciation by the stock market in 2020, and the “central bank” excluded it from dealing in other currencies, other than the dollar, and for further notice in circumventing the sanctions.
4- Middle East Islamic Bank
“THE BANK WAS PREVENTED FROM SELLING THE CURRENCY IN 2015, OWNED BY“ ALI MUHAMMAD GHULAM, ”CLOSE TO IRAN, AND MANAGED BY“ HAIDER GHULAM, ”AS IT DEALT WITH FAKE MONEY TRANSFER COMPANIES,” THE INVESTIGATION DRAWS.
“He owned the“ Al Nada Company ”for financial transfer. Through the currency sale auction, he managed to make profits and acquire shares of“ Al Sharq Bank ”in 2012. He dealt with“ Future Horizons Company ”, which was subjected to US sanctions for dealing with terrorism.
5- Islamic World Bank
«IT IS OWNED BY“ SAIF AL-DIN SAAD HASHEM, ”NICKNAMED (SAIF BADIR), AND HE IS CLOSE TO THE FORMER CENTRAL BANK GOVERNOR # ALI AL-ALAQ AND FROM“ AL-MALIKI, ”ACCORDING TO IRAQI SOURCES.
“He is a partner of“ Ali Ghulam ”in“ Elaf Islamic Bank ”, (…) and the latter was listed on the American blacklist for its cooperation with the Iranian“ Export Development Bank ”in 2012, and it was raised in 2013.”
6- Iraqi Union Bank
“THE BANK WAS PREVENTED FROM AUCTIONING THE CURRENCY IN 2015, ITS OWNER, THE TWO BROTHERS, AQEEL AND ALI MUFTEN, WHO ARE CLOSE TO“ AL-MALIKI, ”AND IN 2016 IT WAS OFFERED TO SEIZE / 200 / MILLION DOLLARS BY THE US FEDERAL RESERVE.
“As part of a transfer worth / 6 / billion dollars to the owner of“ Al-Hoda Bank ”,“ Hamad Al-Mousawi, ”(..) and their close relations with“ Al-Maliki ”through“ Ali Al-Alaq, ”the former governor of the Central Bank.
7- Economy Bank for Investment
“It was under the tutelage of the Iraqi“ Central Bank ”in 2014 for a period of / 3 / years, until the custody was lifted in 2017, (…) its ownership belongs to“ Saadi Wahib, ”his close friend to the owners,“ Hassan Al-Sunaid ”.
8- Erbil Bank
It is owned by “Fayed Al-Waeli”, about which suspicions of smuggling hard currency are raised from Baghdad to Erbil and then to Turkey by land, (…) and in (2012, 2013, 2014), he carried out transfers with Turkish companies in favor of money transfer companies owned by the owners of the same bank ».
9- The United Investment Bank
“Part of his shares are owned by“ Hassan Nasser Al-Lami, ”while (40%) of the shares belong to“ Fadel Al-Dabbas, ”where the Jordanian public prosecutor issued a warrant to Interpol to pursue“ Al-Dabbas ”in May 2018, and the latter fled to an unknown destination.
“IN NOVEMBER 2018, THE CENTRAL BANK DECIDED TO PLACE THE BANK UNDER GUARDIANSHIP, (…) AND HAS A RELATIVE NAMED“ HAITHAM AL-DABBAS ”WHO IS THE CHAIRMAN OF THE BOARD OF DIRECTORS OF“ NOOR IRAQ ISLAMIC BANK ”OWNED BY“ HASSAN AL-LAMI ”WHO IS CLOSE TO IRAN.
10- The Islamic Bid Bank
“It is the former“ Al-Bilad Islamic Bank ”, its name has been changed to“ Al-Tender Bank ”, and a new board of directors was appointed after US sanctions were imposed on it, on charges of financing Hizbullah, and it is still exercising its duties and participating in the window of currency sale.
“ITS OWNERSHIP BELONGS TO“ ARAS HABIB, ”LOYAL TO IRAN, AND LISTED ON THE BLACKLIST, AND WAS UNDER GUARDIANSHIP BY THE“ CENTRAL BANK ”AND WAS REMOVED FROM IT IN 2019.”
And unto God and to Him we shall return
Allah is sufficient for me, and Allah is the best trustee
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