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Tag: CBI Currency Auction

Major Corruption found in the Currency Auction Window at CBI

Major Corruption found in the Currency Auction Window at CBI

A member of the Iraqi Parliamentary mini-committee on budget follow-up, Abdul Hadi Al-Saadawi issued a statement that the currency auction isn’t under the control of the Central Bank of Iraq, although the closing sells 150-200 million U.S dollars on a daily basis. The press statement of Al-Saadawi has indicated that there are problems and irregularities recorded on the sale of the currency by the Central Bank as well as the currency exchange rate, which is often moving and unstable in…

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Up to $1 Million Differences Found in the CBI Currency Auction: Integrity Commission

Up to $1 Million Differences Found in the CBI Currency Auction: Integrity Commission

The Iraqi Parliamentary Integrity Commission issued huge differences in the sale of currency. Sumer News indicated that approximately 1 million U.S dollars to sell every 10 million of the Iraqi currency. The news agency reported that a member of the Iraqi Integrity Commission, Abdul Karim Abtan informed that significant amount of differences regarding the sale of currency have been recorded by the Integrity Commission. He also said that the recorded differences about the sale of U.S dollar were more than…

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