Friday, October 15, 2010
Link ~ Increased activity of the Iraqi currency exchange offices as the surest means for the transfer of funds
Link ~ Increased activity of the Iraqi currency exchange offices as the surest means for the transfer of funds
Official exchange office: our subject to inspection by security services
Waiver for a small percentage of the money is better than losing the whole amount and with your life, that statement became a law yield him all; whether they are ordinary citizens or merchants or industrialists or officials, when transferring money from one place to another for the purpose of trade or meet debt and other transactions Cash is one of the biggest causes of targeting in Iraq, and this is what was the cause in the development of mechanisms or methods and new careers with companies such as banking and corporate foreign exchange and the offices of remittances rapid spread throughout the cities of Iraq without exception, and the success of their business and achieve large profits made it a network stretching from the inside and outside Iraq.
Accidents «thieving» on public roads or in the markets is one of the scenes familiar and occur around the clock, but not highlighted as part of the media compared to incidents of terrorism, murder, assassination, booby, comes this crime in the last list of interesting security men, government and even the citizens themselves, who usually prefer to give All in possession of money or a car and escape their lives for others, because they are confident that come to plunder their money does not hesitate for a moment in which the use of weapons with him.
Hussein Jabr Ajili, a resident of Wasit province was his younger brother while he went to the province of Diyala to buy poultry from there, “said Hussein in a meeting with the« Middle East »« food retailers usually carry money with them to be treated in the course of buying and selling, and the bands was watching them because they are special Barakoppem cars dedicated to pregnancy, but theft is different in this country because the gangs do not stop taking the money and the car, but you kill the victim for lost landmarks crime, while others promote the killing is not for Tsil; but under sectarian killings, and was Who did this work justifies the forbidden by law and what is worse than the first .
Offices conversion and banking phenomenon began to spread in Iraq during the last few years, in the words of Jamal Khalaf Hamza’s Office Exchange, which confirmed the «Middle East» to «banking offices existed before 2003 but in a limited and confined to the offices of the subsidiary companies to banking, such as (arrows) and (Gulf) and the other, and the work of the Organization of the instructions issued by the Central Bank of Iraq, and there were no transfers out of the size that we are witnessing today.
All were doing is to convert the currency of the dinar to the dollar and vice versa, but now there is no you can imagine how much money leaving Iraq every day to the outside and the various Arab and foreign countries are also not associated with the amount of money involved which is remittances for private use only, said Hamza, that« the offices Banking today do not work laws or regulations, and thus operate randomly, and the right of any citizen to open an office, but his work here will be specific criteria based on the size of its relations with the offices of the provinces, and also the size of the confidence generated by operating among them , referring to the nature of transactions in the between the offices of the conversion is not built on the basis of the balances are transferred directly, bank accounts and documents are legally binding; but rather on the principle of mutual trust between them, and «the confidence generated through mutual visits and look at the size of each of us, and we are daily transfer amounts, for example in Basra or Baghdad, during the week we Bgroudat financial, and work to convert the amounts or conversion of their remaining offices, which could reach that amount to very large numbers.
And on the nature of dealing with customers, “said Jamal said that« there is a party watching our work is national security, where the people from this side visit us regularly for the conversion of Foreign Affairs and Interior and the amount of money and people who deal with them, and if there are defects against a person they are with their work, and we demand tariff customer identity and also to those who amount to overseas and the reason for conversion and mobile numbers, and do not accept the transfer of more than 40 thousand dollars for whatever reasons not to run into the subject of money laundering or financing terrorist groups and other things that are punishable by law.
And the amount of forty thousand is allowed to work », saying that« the conversion internally or externally are either over the phone or the Internet, once contact the owner of a company from any country or province to say we gave to the person this amount, we issue the command and acknowledge the person after verifying his identity and address of the », and that «to deal with the European countries will be very difficult, and that there will be a bridge across the Jordan, Jordan Vmassarv have accounts in banks in Europe and for this we use conversion to Europe through them.
And on the nature of dealing with customers, “said Jamal said that« there is a party watching our work is national security, where the people from this side visit us regularly for the conversion of Foreign Affairs and Interior and the amount of money and people who deal with them, and if there are defects against a person they are with their work, and we demand tariff customer identity and also to those who amount to overseas and the reason for conversion and mobile numbers, and do not accept the transfer of more than 40 thousand dollars for whatever reasons not to run into the subject of money laundering or financing terrorist groups and other things that are punishable by law.
And the amount of forty thousand is allowed to work », saying that« the conversion internally or externally are either over the phone or the Internet, once contact the owner of a company from any country or province to say we gave to the person this amount, we issue the command and acknowledge the person after verifying his identity and address of the », and that «to deal with the European countries will be very difficult, and that there will be a bridge across the Jordan, Jordan Vmassarv have accounts in banks in Europe and for this we use conversion to Europe through them.
The countries of Africa and the Gulf and America Vtkon through banks or companies, the UAE, which deal with the World Bank U.S., which has branches all over the world », pointing out that« most of the remittance companies and offices wish that the Iraqi Central Bank to issue instructions governing their work, their actions now, without any parameters ; only the control of national security, this type of control can not reduce illegal operations such as finance and money laundering, it is too easy to make fake IDs, and may the person to convert small amounts of each office and the names of different and here is lost it can not be prosecuted », stressing that «most of the owners of small offices do not have any experience with money-laundering laws, and others, and lack of experience may be people from exploitation, the official escapes his money out to pay it but does not name names, but those close to him».
On the other hand, explained a source in A private banks declined to be named, said that out of funds officials are cross deals, and usually prevents the money on behalf of the dealer large has dealings with Europe, Asia, Jordan and the Gulf, for example, to meet the payments, in a deal industrial or commercial. Here, companies remove a large sum it up, but after the arrival of a particular bank account to be in charge or someone close to him, but you go, including large proportions of the owners of the company’s payroll, and also graduated from his name, and even the bank in the country.
Going back to the beauty, has indicated that the amount of funds out of Iraq through remittances very large and do not compare the way that the intervention and the reason for this is due to the Iraqi market has become one of the markets receiving of goods and non-exporting, and everything; ranging from vegetables, to cars, hardware, the most basic industries primitive .. Imported from China, Iran and Turkey.
We must get out of funds to pay the costs of these goods. A source at the Iraqi Central Bank source told «Middle East» that «the bank had already prepared a study for the law to regulate transfer companies and banking, and really all transactions are subject to the supervision of the Central Bank on the grounds that the bank is the main source of hard currency through the daily auction dedicated to selling the dollar, where Sell sums up a day to more than $ 125 million, are entitled to purchase domestic banks and also the leading financial firms.
