Central Bank launches electronic network connectivity information Auction

by **wciappetta** Thu 24 Jan 2013, 4:01 pm

wciappetta: NNP TEAM; Posts : 5321
Join date : 2012-12-20

Post n°1

Central Bank launches electronic network connectivity information Auction

by wciappetta Thu 24 Jan 2013, 4:01 pm

First topic message reminder :

As my friend said today, "Balance
of payments is important as this method is used when global central
banks integrate their data to settle daily their amounts owed to each
other. It would be a very important step in the integration of Iraq into
the world economy."

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BAGHDAD
/ obelisk: CBI announced, Thursday, on the implementation of the steps
the electronic linking of information daily auction of foreign currency
between institutions Bank and the Ministry of Finance and the General
Authority for taxes.

The
governor of the Bank and Abdul Basit Turki Agency for "obelisk", "The
World Bank approved the plan in order to ensure the highest degree of
coordination between the concerned authorities for the accuracy of the
information that is presented for the purposes of the balance of
payments."

Turki
added that "implementation will contribute to make the required
database between these institutions are available, moment by moment,
thus ensuring transparency and fairness in dealing," adding that "the
implementation of the plan will begin on Thursday."

The
central bank held the Iraqi weekly auction of five meetings for the
sale and purchase of foreign currency, and receive a cash commission on
the sale and transfers of about 13 dinars per dollar.

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