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The Central Bank announces the reduction of the letter of guarantee and fees of supervision and fol

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Post by rocky on Sun 10 Feb 2019, 3:45 am

The Central Bank announces the reduction of the letter of guarantee and fees of supervision and follow-up


Sunday, February 10


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- The Central Bank of Iraq (CBE) on Sunday announced a reduction in the ratio of letters of guarantee and supervision fees to companies that mediate the sale and purchase of foreign currencies. 

The bank said in a statement received by Alsumaria News that "based on the decision of the Board of Directors of the bank, it was decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars. "he bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars." 

The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.



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Post by rocky on Sun 10 Feb 2019, 4:06 am


The central bank reduces the letter of guarantee and wages of supervision and follow-up




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The Central Bank of Iraq announced on Sunday the reduction of the letter of guarantee and wages of supervision and follow-up of companies to mediate the sale and purchase of foreign currencies. 

"Based on the decision of the bank's board of directors, it was decided to reduce the guarantee letter provided by the brokerage companies by selling and buying foreign currencies to become 10% of the company's capital instead of 50% and the amount of the guarantee 50 million dinars," the bank said in a statement. Instead of 100 million dinars. "

The bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars."

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 The Central Bank announces the reduction of the letter of guarantee and fees of supervision and fol Empty The Central Bank of Iraq reduces the proportion of the letter of guarantee for companies to mediate

Post by rocky on Sun 10 Feb 2019, 7:29 am



[rtl]The Central Bank of Iraq reduces the proportion of the letter of guarantee for companies to mediate the sale and purchase of foreign currencies[/rtl]

Sunday, 1440/6/5 H corresponding to 2019/02/10 SPA


[rtl]
Baghdad, 05 Jumada II 1440 H corresponding to 10 February 2019 SPA 
The Central Bank of Iraq reduced the letter of guarantee for companies to mediate the sale and purchase of foreign currency to become 10% of its capital, instead of 50%. 
In a decision issued by its board of directors, it also reduced the amount of insurance to 50 million Iraqi dinars, instead of 100 million dinars, and reduce supervision fees and follow up to 500 thousand dinars, instead of one million dinars, as well as reduce the wages of the final audit to 250 thousand dinars instead of 500 thousand Dinar. 
// // ended 
13:50 ITM 
0078


 https://www.spa.gov.sa/viewstory.php?newsid=1883871[/rtl]
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Post by rocky on Sun 10 Feb 2019, 7:32 am

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The Central Bank reduces the letter of guarantee and supervision fees and follow-up

Nour News / Baghdad
The Central Bank of Iraq decided to reduce the proportion of the letter of guarantee and wages of supervision and follow-up of companies to mediate the sale and purchase of foreign currencies.
The bank said in a statement received by Al-Nour News, that "based on the decision of the Board of Directors of the Central Bank, it was decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars. "
He pointed out "the reduction of fees of supervision and follow-up to 500 thousand dinars instead of one million dinars, and reduce the fees audit final accounts to 250 thousand dinars instead of 500 thousand dinars."


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Post by rocky on Sun 10 Feb 2019, 7:34 am

Reduction of letter of guarantee, supervision fees, follow-up and final audit fee
  
 February 10, 2019

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To the companies that mediate the sale and purchase of all foreign currencies ( amam ) ... To [You must be registered and logged in to see this link.]


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Post by Lobo on Sun 10 Feb 2019, 3:55 pm

Thanks Rocky, CBI still working with currency exchangers, very encouraging.
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Post by rocky on Mon 11 Feb 2019, 2:35 am

Central Bank: Reduction of the letter of guarantee and fees of supervision and follow-up

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The Central Bank announced the reduction of the letter of guarantee and the fees of supervision and follow-up of companies that mediate the sale and purchase of foreign currencies. 
The bank said in a statement that "based on the decision of the Board of Directors of the bank has been decided to reduce the proportion of the letter of guarantee provided by companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of insurance 50 million dinars instead of 100 million dinars" . 
The bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars." 

//Mother





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