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[size=36]Commerce and issues several decisions to stabilize the exchange rate[/size]
political| 07:21 - 01/22/2023
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Baghdad - Mawazine News
, Prime Minister Muhammad Shia Al-Sudani issued, today, Sunday, several decisions to stabilize the exchange rate, prevent manipulation and limit damage to the national economy.
The media office of the Prime Minister said in a statement, "Prime Minister Muhammad Shia'a al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the reasons for fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard," noting. He added, "The meeting was attended by the governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."
He added, "Based on the directives of the Prime Minister, and what was presented at the meeting, several decisions were taken to stabilize the exchange rate, prevent manipulation, and limit damage to the national economy, most notably:
1- Opening a new window for selling foreign currency to small traders through the Trade Bank of Iraq (TBI).
2- Financing the Central Bank of the Trade Bank of Iraq (TBI) with an additional amount of $500 million for the purpose of opening documentary credits for small merchants, and being satisfied with the initial invoice and the account number of the last beneficiary of the credit.
3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department in the Federal Ministry of Trade of all types of companies and factories registered with the General Directorate of Industrial Development and investment projects of all kinds duly licensed by investment commissions, scientific offices duly registered, individuals and offices registered with the Iraqi Chambers of Commerce (included with the condition import license or not included).
4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the notification of the General Authority for Taxes to impose delay fines on importers and the rest of those charged with the General Authority for Taxes.
5- Involving the Chambers of Commerce and the Federation of Industries in the sessions of the Ministerial Council for the Economy, representing the private sector.
6- This meeting is held on a weekly basis, following up developments, implementation of decisions, and adding the aforementioned bodies to attend the meeting.
7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, the Industrial Development Authority, the Investment Authority, and the Rafidain and Al-Rasheed Banks.
” Everyone must respond to it, whether in the private sector or the public."
Within the framework of Al-Sudani's directives to reduce the financial, administrative and routine burdens on citizens, he stressed, "reconsidering the work of the General Tax Authority, and that its work be in accordance with standards of integrity and the law," stressing that "the government will not tolerate any harm that a citizen may be a victim of."
He expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and setback caused by wrong decisions in previous years."
, Prime Minister Muhammad Shia Al-Sudani issued, today, Sunday, several decisions to stabilize the exchange rate, prevent manipulation and limit damage to the national economy.
The media office of the Prime Minister said in a statement, "Prime Minister Muhammad Shia'a al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the reasons for fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard," noting. He added, "The meeting was attended by the governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."
He added, "Based on the directives of the Prime Minister, and what was presented at the meeting, several decisions were taken to stabilize the exchange rate, prevent manipulation, and limit damage to the national economy, most notably:
1- Opening a new window for selling foreign currency to small traders through the Trade Bank of Iraq (TBI).
2- Financing the Central Bank of the Trade Bank of Iraq (TBI) with an additional amount of $500 million for the purpose of opening documentary credits for small merchants, and being satisfied with the initial invoice and the account number of the last beneficiary of the credit.
3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department in the Federal Ministry of Trade of all types of companies and factories registered with the General Directorate of Industrial Development and investment projects of all kinds duly licensed by investment commissions, scientific offices duly registered, individuals and offices registered with the Iraqi Chambers of Commerce (included with the condition import license or not included).
4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the notification of the General Authority for Taxes to impose delay fines on importers and the rest of those charged with the General Authority for Taxes.
5- Involving the Chambers of Commerce and the Federation of Industries in the sessions of the Ministerial Council for the Economy, representing the private sector.
6- This meeting is held on a weekly basis, following up developments, implementation of decisions, and adding the aforementioned bodies to attend the meeting.
7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, the Industrial Development Authority, the Investment Authority, and the Rafidain and Al-Rasheed Banks.
” Everyone must respond to it, whether in the private sector or the public."
Within the framework of Al-Sudani's directives to reduce the financial, administrative and routine burdens on citizens, he stressed, "reconsidering the work of the General Tax Authority, and that its work be in accordance with standards of integrity and the law," stressing that "the government will not tolerate any harm that a citizen may be a victim of."
He expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and setback caused by wrong decisions in previous years."
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