Economic Committee in the Council of Ministers agree to accept the instruments of private banks value [25] million dinars instead of five million

Sunday, July 22, 2012 15:53



[Baghdad where]

Approved by the Economic Committee in the Council of Ministers on the establishment of ministries and government agencies to accept the certified instruments issued by private banks the amount of [25] million dinars up to a maximum of transactions after the procedure [5] million dinars. "

A statement issued by the Office of the Deputy Prime Minister Roژ Nuri Shaways Chairman of the Economic Agency has received all of Iraq [where] a copy of it today, "The Economic Affairs Committee held its twenty-chaired by the Deputy Prime Minister Roژ Nuri Shaways Chairman of the Committee on Economic, attended by the ministers [of Trade and Industry and Minerals [The Iraqi Central Bank Governor and Chairman of the National Investment Advisor to the Prime Minister for Legal Affairs, and Dr. and economic adviser in the Office of the Prime Minister. "

He added that "the Commission adopted several resolutions and recommendations and the most important of approval to amend the decision of the Economic Commission which stated that [the ministries and government agencies to accept instruments certified issued by private banks the amount of [25] million dinars up to a maximum of transactions procedural] after he [5] million ".

The statement noted that "project was approved instructions and implementation of government contracts and submit them to the Cabinet for approval note that the most important thing was the new instructions In order to ensure transparency in the contracting procedures was addressed in the draft new instructions for the assignment of the presidency and membership of committees of the opening and analysis to the staff of advanced degrees in the career ladder at the opposite of the instructions in force, was shortened sentences for drawing documentary are clear and precise easy to third parties contracted to easily identify the measures C depending on the contrary instructions in force, were members of a special article dealing with separate contracts for advisory services and the methods of contracting, requirements and provisions relating to contract within this style. "

He continued "In addition to what is stated in the above came the new regulations the provisions of the new were not present in the Help window or dealt with the impasse that existed in the provisions of the Help window, which were exempted companies sober and public companies to purchase the tender documents and submit them for free. Was also identified conditions especially in the case of receipt of a single tender in direct advocacy and accept his analysis and assignment as has been under the project increase for the upper limit for the declaration and that she was [60] days in the Help window and become open is determined by the importance of the contract and the discretion of the President on the contract. "

The statement noted that "he was given permission to hand the contract to extend the advertising twice after he was the one time as the text to determine the origin of the goods and materials processed with was to give authority to the head on the contract acceptance of insurance by less than 1%, were also exempt public companies and sober from provide primary insurance while the text was to exempt contract methods of insurance with the exception of the initial style of public tender. "

And "it was the text to allow for public companies and foreign companies to provide insurance during the final [21] days from the date of signing the contract on the contrary, the window of instructions that necessitated the provision of insurance before signing the final contract."

The statement noted "the importance of the work of the banking sector has decided Economic Committee held a special session to discuss the reality of the private sector bank in terms of [opening letters of credit, bank guarantees and government deposits at private banks]." Ended


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