Wednesday, May 4, 2011Money transfer offices active in Iraq as the surest means for the transfer of funds
Citizen / Ahmed Naseer
After eight years of change in Iraq was preceded by international isolation, as long as three decades, surprised the Iraqis they do not have any mechanisms and means of working within their own country, such as those working with the outside world, but events and opening and the need for the country to trade and fiscal expansion has forced some to force the pace to catch up with third parties through the creation of companies offices and conclude bilateral agreements with international companies to walk the movement of trade and banking, ..
and here, before this office, known as the offices of the conversion of financial and banking .. more Iraqi banks and succeeded to impose itself on the domestic and international markets, and is now a network up to the last point in the ground and do not need only connect to my phone or click on Button computer is connected to a network spider (internet) and started to transfer funds not to exceed several thousands of dollars to the transfer and receipt of payments, amounting to millions of dollars in a few days?, process was not without risks and precautions, and even manipulation exploited by some for smuggling money abroad illegally.
Incidents of thieving on public roads or in the markets is one of the scenes familiar in this country but do not shed light on the media compared to incidents of terrorism, murder, assassination, booby baby girl this crime in the last list of the attention of security men, government and even the citizens themselves, who usually prefer to give all the possession of money or a car and escape their lives for others, because they are sure that it comes to plunder their money does not hesitate for a moment in which the use of weapons with him.
His office banking Jamal Khalaf Hamza, who confirmed for the (Citizen) The banking offices were located before the year 2003, but limited and confined to the offices of the subsidiary companies to banking, such as arrows and the Gulf and elsewhere, and the realization of the instructions issued by the Central Bank of Iraq there were no transfers out of size What we are witnessing today what they 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 is also not Qturn amount of money involved which is remittances for private use only.
The beauty of the offices of bankers today do not work laws, instructions, 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, pointing to the nature of their dealings ie with between the offices of the conversion is not built on the basis of the balances are transferred directly, bank accounts and documents binding law but rather on the principle of mutual trust among ourselves, and this confidence generated through mutual visits and look at the size of the realization of all of us and our daily transfer amounts, for example in Basra or Baghdad, and comes to us the amounts and within a week we Bgroudat financial and turn the amounts or conversion of our remaining offices, which could reach that amount to very large numbers.
And on the nature of dealing with customers Jamal said 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 there was a reproach against a person they are with their work, and we ask the customer identity tariff and also those who amount to overseas and the reason for conversion and numbers mobile, 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 the financing of terrorist groups and other things that are punishable by law and the amount of forty-Elf allowed to work, stressing that the conversion internally or externally are either mobile or Internet connection mere owner of any country or any province to tell us this so and so gave to the amount we issue the command and acknowledge the person after verifying his identity and address.
And that dealing with European countries will be very difficult and that there will be a bridge across the Jordan Vmassarv Jordan have accounts in banks in Europe and this we use conversion to Europe through them, either by countries in Africa and the Gulf, America is through the banks or companies, the UAE, which deals with the American bank which has branches in all parts of the world, noting that most of the remittance companies and offices wish that the Iraqi Central Bank to issue instructions governing our business and we Snnsaa certainly have either Alan Flmna without any parameters only control of national security and this kind of oversight can not limit the illegal operations such as finance and money laundering, it is easy very issuance of fake IDs has resorted person for transferring small amounts of each office and the names of different and here is lost it can not be prosecuted, adding that most owners of small offices do not have any experience with the laws of money laundering and other and inexperience may be people from exploitation, it escapes official money abroad, but do not give it his name but the names of those close to him.
On the source pointed out in one of the private banks declined to be named, said operations to de-fund officials are cross deals, and usually prevents the money on behalf of the person dealer large has dealings with Europe a and Asia, Jordan and the Gulf, for example, to meet the payments, in a deal, industrial, commercial, and here companies are directed a large sum it up, but after arriving to a particular bank account to be in charge or someone close to him, but goes large proportions of the owners of the company's payroll and also graduated with his name and even the bank in that country.
Going back to the beauty of it between 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 the market of the receiving of goods and non-exporter, and everything seemed vegetables Cars for devices of the most basic industries primitive imported from China, Iran, Turkey and here must exit the funds to pay the costs of these goods.
A source at the Iraqi Central Bank said «that the bank had previously prepared a study for the law to regulate transfer companies, money changers and indeed that 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 as they reach amounts of sales per day over to $ 125 million and is entitled to purchase domestic banks and also the leading financial firms ».
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