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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

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    Parliamentary Finance on the currency auction: sales on demand.. and some banks are exposed to a los

    Rocky
    Rocky
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    parliamentary - Parliamentary Finance on the currency auction: sales on demand.. and some banks are exposed to a los Empty Parliamentary Finance on the currency auction: sales on demand.. and some banks are exposed to a los

    Post by Rocky Fri 09 Jul 2021, 7:00 am


    [size=30]Parliamentary Finance on the currency auction: sales on demand.. and some banks are exposed to a loss


    2021-07-09
    [/size]
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    Yes Iraq: Baghdad

    Today, Friday, the Finance Committee in the House of Representatives recommended linking a customs electronic tax for imported goods with the Central Bank of Iraq, while it talked about the currency auction, stressing that some banks are exposed to a loss and do not profit much.
    Committee Chairman Haitham al-Jubouri told the official agency, "The committee does not have data on the volume of imports carried out by the Ministry of Commerce or the Ministry of Planning, but the Central Bank is responsible for those transactions that are submitted to it."
    Al-Jubouri stressed that “the committee demanded that there be an electronic customs and tax link with the Central Bank in order to be sure that the goods for which the dollars are given will enter actual goods through the outlets in exchange for them,” noting that “the currency auction is an offer and demand and so far the price is appropriate and the banks In the remittances, they did not make a large profit, but some of them are exposed to a loss if the operating budget you make is taken.”
    Al-Jubouri explained that “the Finance Committee hosted the Minister of Finance and the Governor of the Central Bank to find out the monetary and financial measures taken by the government to address the repercussions in the light of which the exchange rate change was approved.”
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