********** Central Bank agrees to cover bank accounts outside of Iraq to the dollar

Sunday February 1, 2015 13:58


Alsumaria News / Baghdad


The Central Bank of Iraq, Sunday, agreed to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits.

The bank said in a statement released today, and received "Alsumaria News", a copy of it, he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports customers and for other purposes without the need for passage of a window selling currency at the central bank, "he said, adding that he" will take control over those processes within the mechanism simple and transparent. "

He added that the bank "has approved the appointment of a representative of the private banks in the Central Bank, in addition to speed up legislation Deposit Insurance Act."

The statement pointed out that "the recommendation to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," explaining that "it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision."

Central Bank of Iraq and held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank stops these auctions, sales and be either in cash or in the form of money orders sold out in exchange for a certain commission, while the banks financing the merchants in hard currency in order to import.


http://www.alsumaria.tv/news/123620/البنك-المركزي-يوافق-على-تغطية-حسابات-الم/ar

Central Bank decides to cover foreign bank accounts in dollars

Sunday 01 February 2015
| 15:38



Bank has decided to speed up the enactment of the Deposit Insurance Act, the government accepted the recommendation of the state institutions, instruments issued by private banks


Iraqi Central Bank decided, Sunday, to approve the cover bank accounts abroad in US dollars and the government to accept the recommendation issued by private banks instruments.

The bank said in a press statement received "Qurtas News" that "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, the Bank took a number of decisions, including the approval of the appointment of a representative of the private banks in the Central Bank."

"The bank also agreed to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need to pass a window sell the currency in the Iraqi Central Bank, and The Bank is monitoring these processes within a simplified and transparent mechanism to put the creation of capacities and capabilities plan to activate documentary credits instead of the current style and coordination with the banks in this regard. "

"The bank has decided to speed up the enactment of the Deposit Insurance Law, and the recommendation of the government to accept the state's institutions of instruments issued by private banks and the receipt of taxes and fees in favor of the government, in addition to the formation of a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision."


http://www.alqurtasnews.com/news/78736/البنك-المركزي-يقرر-تغطية-حسابات-المصارف

Central Bank to take decisions to support the development and economy

   Sunday, February 1, 2015 17:12
   

Twilight News CBI / announced on Sunday that he made decisions to support the development of the Iraqi economy, including the approval of the coverage of bank accounts abroad in US dollars to cover imports.

 The bank said in a statement reported for "Twilight News" that "in line with the central bank's tasks and responsibilities in supporting the development of the Iraqi economy and stimulate the bank took a number of decisions, including the approval of the appointment of the special representative of the Council of the central bank's management of banks."

The bank said that among its "approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq."

The bank added that he "assume control over these operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current method and coordination with the banks in this regard."

Bank and stressed "the need to expedite the enactment of the Deposit Insurance Law, and to recommend to the government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government."

The bank pointed out that "the formation of a committee to reconsider the structure of benefits, including expanding the provision of credit and liquidity."


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