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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Economic Affairs agrees to increase the ceiling of government letters of credit to $ 30 million

    Rocky
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    • Post n°1

    Economic Affairs agrees to increase the ceiling of government letters of credit to $ 30 million Empty Economic Affairs agrees to increase the ceiling of government letters of credit to $ 30 million

    Post by Rocky Wed 07 Dec 2016, 3:32 pm

    [size=30]Economic Affairs agrees to increase the ceiling of government letters of credit to $ 30 million[/size]
    07/12/2016 04:04 | Number of Views: 72
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    Direction Press / follow-up
    It announced that the Committee on Economic Affairs, the Council of Ministers, on Wednesday, to approve the increase in the ceiling of government letters of credit with private banks to $ 30 million, citing disagreement with the proposal of the Ministry of Finance to limit letters of guarantee of government banks.
     
    The committee said in a statement received "direction Press" a copy of it, she discussed a number of subjects "of an economic nature by holding its sixth meeting on Wednesday chaired by Minister of Planning and Economic Committee Chairman Salman Jumaili and the membership of ministers and a number of officials," indicating that it has taken "many decisions, including not to confiscate letters of guarantee only after the completion of legal and judicial proceedings all contained in the contract signed between the two items. "
     
     
    He added that it "has been approved to increase the ceiling of the amount of government letters of credit with private banks to $ 30 million with the Central Bank of Iraq advice on private banks in terms of their eligibility and ability can be ceiling hike to the top of it in necessary cases to be done in coordination with the Central Bank." .
     
    She explained that "among other decisions is the failure of the ministries and departments not associated with the Ministry issued a circular not to deal with banks, but this is the prerogative of the central bank exclusively, in addition to the state departments of all approached the Central Bank of Iraq to determine the eligibility of sperm bank action letters of guarantee or other matters relating to dealings with banks, as well as not to approve the proposal of the Ministry of Finance to limit government letters of guarantee to banks. "
     
    The Committee noted that it has "agree to prevent the import of maize until the last logo, as well as a recommendation to the Council of Ministers on exempting taxpayers to pay tax (individuals, companies, and entities) from fines and interest due on their debts in favor of the General Authority for taxes to pay the principal amount due within (90) days from the date determined by the Council of Ministers upon approval of the recommendation and it is otherwise obtaining the interest and fines arising out of the amount owed. "
     
    And indicated that it "also decides the Ministry of Industry and Minerals, which have production lines in the ministry factories support, in addition to the possibility of ministries and state institutions all buying needs of mechanisms, machinery and equipment, wheels specialist and that have no lines of the General Company for the auto trade and public company for the automotive industry, provided quality into account and price and the processing period. "
     
    The Committee on Economic Affairs, which linked to the Council of Ministers in coordination between the ministries and the competent authorities in the relevant economic and financial affairs and is working on a proposal bases the formulation of economic and financial policy of the state, and to identify the means of implementing the economic and financial policy of the state and its requirements and overcome difficulties and solve problems facing implementation.


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