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Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

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rocky
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Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by rocky on Mon 13 Nov 2017, 5:23 am

Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the central bank audit statements to control the import auction




November 12, 2017

Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the central bank audit statements to control the import auction

BAGHDAD - Tamara Abdul Razzaq

Called the economic expert haven secretary of the Central Bank of Iraq to check statements import to curb speculators that contribute to the construction of the currency auction, while the parliamentary finance warned of the danger of the continued depletion of the currency in the event of decline in the country's reserves.

The secretary (time) yesterday that (the rules of selling currency in the daily auction of the bank, punctuated by some of the steps is not controlled, so it became the aim of maintaining the trading price).

He added that (in the past years there was no control over the sales price, which led to the emergence of speculators and corporate banking and banks Kdakkakan established for the conduct of currency), demanding that (be selling the currency in accordance with regulations contribute to building the auction by checking the lists of import to curb these speculators).

The description of the parliamentary Finance Committee member Hossam punitive stop bleeding currency Balbtiih procedures and without risks.

He said in a punitive statement yesterday that (the Commission noted the seriousness of the error in which the Bank signed through the adoption of an auction sale of currency in accordance with the existing mechanisms).

Noting that (there are several claims of the need to amend these mechanisms to stop the state of depletion of the currency).

Punitive and added that the (therapeutic measures to stop the currency flow is still slow and without the risks and portend a big disaster if it continues after the low reserve of currency to a level not to exceed fifty billion), pointing out that (private banks administration secretly and unannounced by influential political figures make it above the law), as he put it.

Stressing that (there are materials included in the law of private banks will establish binding controls controls the work of banks and its dominance of the currency and the effects of those banks how to deal with the public sector institutions) auction.

Withdrawal of vacation

The bank had announced the withdrawal of a vacation broker company for the sale and purchase of foreign currencies for violating the instructions.

A statement yesterday that he (due to the violation of Notepad company to mediate for the sale and purchase of foreign currencies to the provisions of instructions regulating the work of broker companies decide to withdraw the license company and the letter of its own guarantee issued in favor of the Bank), students (Ministry of Commerce to cancel the certificate of incorporation granted to him by her).

The statement called for (writing off the company's name from the records and provide the bank book liquidation authority).

On the other hand, he accused the committee of economy and investment parliamentary member Burhan Mamouri local governments in the provinces to activate political investment disability reasons. He said Mamouri In a statement yesterday that (there are many obstacles that impede investment in the country, despite the issuance of the Investment Law and the instructions concerning its application but did not find any real activation of the law).

He added that (investment obstacles activating many special governorates due to political bickering and the lack of board of directors of investment bodies in some provinces, especially the opportunities offered for competition among companies is necessary to study within the bodies and then analyzes the then granted to companies).

He said (actually what is happening in some provinces is to pick up the papers relating to the investment project and sent the National Investment Authority for lack of legal formulas for the granting of leave due to political differences), he said.

Local governments

Pointing out that (there is a conscious attempt to clear local governments not to agree on a national personal professional lead the investment in those provinces to promote the reality in which the investment).

Revealing (the existence of cases of extortion, because some powerful actors in those provinces hinder the work of investment for partisan or personal interests, or through the investor threat or blackmail him what motivates him to leave the project), as he put it. He is referring to (a book directed to Prime Minister Haider al-Abadi asking him to activate the law as realistic and real and motivate conservatives and local governments to make the Investment Authority in the governorates professional body according to international standards).


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sassy
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Re: Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by sassy on Mon 13 Nov 2017, 6:04 am

hum
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weslin3
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Re: Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by weslin3 on Mon 13 Nov 2017, 9:04 am

(a book directed to Prime Minister Haider al-Abadi asking him to activate the law as realistic and real and motivate conservatives and local governments to make the Investment Authority in the governorates professional body according to international standards).

Is this according to international standard means getting off of the program rate?
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Screwball
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Re: Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by Screwball on Mon 13 Nov 2017, 3:37 pm

I believe it relates to international trade and making their currency y international traded. They need money velocity and to build foreign exchnage reserves, the auction is killing them it has to stop more reinforcement of the need for it to stop
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Re: Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by Diamond on Mon 13 Nov 2017, 5:23 pm

thumbs sb
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wciappetta
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Re: Parliamentary Finance warns of the danger of depletion of the currency and an expert (time): the cen

Post by wciappetta on Mon 13 Nov 2017, 5:33 pm

That's a rightahhhhh....


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