*************** Commission welcomes the new economy, the central bank to sell the dollar procedures

04/15/2015 (00:01 pm)


BAGHDAD - Ali See

A commission parliamentary economy, on Tuesday to impose the central bank of a new mechanism for the collection of taxes and fees customs of the sale of the dollar, and as the Economic Advisor to the Prime Minister described the move as "reform", counting economist central restrict the sale of $ 75 million a day "contrary to law".

Said committee member of the parliamentary Economy Ahmed Salim Abdul Rahman in an interview for the "long", that "the central bank imposed a new mechanism for the collection of taxes and customs duties arising from the sale of the dollar for traders and investors who intend to introduce their goods to Iraq."

He said Abdul Rahman said, "The new mechanism will contribute to ascend the Iraqi economy and control over foreign and domestic capital," he almost "start work two weeks ago, the new mechanism will be the approval of the House of Representatives to continue this project."

For his part, Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh said in an interview for the "long", that "the mechanisms taken by the Central Bank of Iraq, which does not mean exemption from taxes or give up fees, but to facilitate the smooth flow of goods enter."

Saleh added by saying that "traders are paying 3% tax Amana Income, and 5% in taxes Kmarkip, as traders pays sums of money in customs," pointing out that "this money form the burden on importers."



Economic Adviser promised "steps taken by the central bank at the moment reform measures."

For his part, economist Bassem Jamil Anton in an interview for the "long", that "the Central Bank under after approving the budget, not to sell more than 75 million dollars a day while the demand exceeds this figure in the local market determined by supply and demand," adding, "the former The Central Bank of Iraq sells amounts depending on market demand for him, but he is restricted and can not overcome the barrier of 75 million dollars. "

He Anton saying that "this decision is contrary to the law of the Central Bank, but the House of Representatives is placed, prompting the bank filed an appeal and objected to the decision," pointing out that "selling the dollar at the central bank led to the rise of the dollar in the market to 1350 compared to the price of Direct cashed. "

The expert pointed out that "the bank was forced to set conditions that led clearly to the rising prices of goods and services in the country, including the force who wants to buy the dollar for the purpose of import deposit a certain amount for 15 days and then adds his 8% of which 3% as collateral for the tax income and 5% customs tariff. "

He Anton "The central bank took action intact in increasing the share of government banks and banking offices in an attempt to reduce the severity of the crisis and reduce the dollar in the market price to converge between the official rate and the parallel price it in the market," warning of the existence of "a class of speculators or brokers who trying to foment crisis larger for the purpose of obtaining large profits from selling the dollar to the citizen. "


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