Demanding to stop the adoption of aggressive steps against the private sector Central Bank in front of the storm .. Exchange companies reject the policy of «revenge»

Last Updated 1:45 pm

Hundreds of exchange-rate owners and employees are preparing to launch a major demonstration on January 24 to demand a change in their central bank policies, which they see as unfair and weaken their role and influence in the local economy. The source said that the protesters will gather in front of the main gate of the Central Bank of Iraq to deliver their messages, which include the following: - Stop the adoption of a systematic policy against the private sector of exchange companies rather than sponsorship and support, as is the case in other countries and to stop dealing with disrespect and manner Rather than the practice of correction and reform. This has been reflected in the behavior of the committee staff in dealing with the owners of exchange companies in Polish ways and in their inspection of mobile phones, underwear, bags, etc.
And the imposition of illegal wages and fees on companies that did not exist in the past punish the company in case of non-payment. And replacing experienced and competent staff with previous integrity with staff who do not have the experience, and are only implementing orders from their position in these positions. Imposing harsh penalties such as revocation of companies, withdrawal of leave or suspension for a long time, imposing unjust fines or giving a weak chance of defense so that the adversary is the referee.
The share of exchange companies is gradually reduced from $ 300,000 to $ 70,000. Failure to implement promises and procrastination in making any decision to improve or remedy difficult situations.
While the Central Bank of Iraq, the settlement of salaries to employees an important measure eliminates the spacemen and who receive more than a salary from the state and restore confidence between the citizen and the banking sector. The salary adjustment is done with the approval of the Central Bank of the recognized banks, whether governmental or private, according to the conditions of the Central Bank and its law, and the employee has the right to choose to settle his salary as he believes in the service provided by the bank. "The central bank has approved 20 government banks to settle salaries for government and private sector employees," Hussein said.
He added: This measure will eliminate the space in the government departments and who receive more than a salary from the government departments, in addition to the benefits that will be paid by the employee from the bank, which will be settled from the advances and loans and banking facilities. He called on the employees to settle their salaries in any bank they see fit for their aspirations, pointing out that this measure will do the relationship between citizens and banks and will rebuild confidence for the banking sector.
It is noteworthy that the localization of salaries is the process of converting the salaries of employees in the private sector or public hand salaries received from their departments until they are received from banks and government banks or eligibility; through a special account opened to the employee at the bank and withdraw from it by electronic payment card or receive it Cash from the bank.

https://www.almuraqeb-aliraqi.org/2019/01/09/125048/

Local exchange companies are preparing for a major demonstration on Jan. 24

Baghdad

Hundreds of exchange-rate owners and employees are planning a major demonstration on January 24 to demand a change in their central bank policies, which they see as unjust and weaken their role and influence in the local economy.

And explained the reasons for their exit at the demonstration at the main gate of the Central Bank of Iraq with several points.

- Adopting a systematic policy of hostility against the private sector represented by exchange companies rather than sponsoring and supporting them, as is the case in other countries of the world.

- Dealing with disrespect and retaliation instead of practicing correction and reform. This has been reflected in the behavior of the staff of the committees in dealing with the owners of exchange companies by police methods and inspecting mobile phones, underwear, bags, etc.

- The imposition of wages and illegal fees on companies that did not exist in the past punish the company in case of non-payment.

- Replacement of experienced, competent and former staff with no experience, and are only able to execute orders from their position in these positions.

- The imposition of harsh penalties such as the cancellation of companies, the withdrawal of leave, or suspension for a long time, or the imposition of fines without a right, or to give a weak chance of defense so that the opponent is the referee.

- Failure to implement promises and procrastination in the issuance of any decision to improve difficult situations, or to address them


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