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Economic Affairs approve the recommendations of the Committee to exchange information on the movement of the currency sold

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Economic Affairs approve the recommendations of the Committee to exchange information on the movement of the currency sold Empty Economic Affairs approve the recommendations of the Committee to exchange information on the movement of the currency sold

Post  Admin Fri Feb 21, 2014 2:28 pm



19/02/2014 11:00

Tomorrow's Press / Baghdad announced the Committee on Economic Affairs, chaired by Deputy Prime Minister example, has typically Nuri Shaways, Wednesday, to approve the recommendations of the Committee to exchange information on the movement of the currency sold by the CBI.



Committee Chairman Rose Nuri Shaways after a meeting of the Committee X "Tomorrow's Press," said that "the meeting included discussion of the measures taken by the Central Bank of Iraq on the instructions sale of foreign currency in the auction private," stressing that "the Commission has supported these measures, calling Basulaima to keep the currency market and control prices. "

He added that "the process of buying and selling the dollar in the bank auction are subject to audit and control and field inspection by the Directorate General of the banking and credit control office and money laundering."



It is said that the committee meeting was held in the presence of the Minister of Finance Agency Safa al-Din Mohammed Safi and Minister of Planning Ali Yousef Shukri and Oil Minister Abdul Karim and coffee and Khairallah Hassan Babiker, Minister of Commerce and Chairman of the National Investment Commission Sami Raouf al-Araji, and the Governor of the Central Bank and Chairman of the Audit Court and Deputy Secretary-General The Council of Ministers.


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Economic Affairs approve the recommendations of the Committee to exchange information on the movement of the currency sold Empty Re: Economic Affairs approve the recommendations of the Committee to exchange information on the movement of the currency sold

Post  Admin Fri Feb 21, 2014 2:36 pm


02/19/2014
Finance Committee recommends that the central government banks to take over the sale of hard currency

City News Agency /

Parliamentary Finance Committee recommended according to the proposals handed over to the management of the Iraqi Central Bank to take over the government banks the task of selling hard currency rather than private banks.

A member of the Committee secretary Hadi "The Finance Committee considers it necessary to take over the government banks buy foreign currency from the central bank and distributed to customers of merchants, according to the official import bills."

Hadi added that "the file management of hard currency from the sale of State-owned banks are better than private banks to take over that task," adding that "the actions of the Iraqi Central Bank ended the process of manipulating the documents to import goods by traders."

According to an earlier report of the Finance Committee, the parliamentary private banks had accounted for 80% of central bank sales of foreign currency, while government banks to get at least a ratio of 20%.

And sells Bank of Iraq which is subject to the control of the House of Representatives, foreign currency on a daily basis to banks and businessmen referees to him, but in the last year put controls "strict" to curb the smuggling of currency.


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