Representative Soran Omar revealed, on Wednesday, the outcomes of the Parliamentary Economic Committee meeting with the Governor of the Central Bank of Iraq, Ali Al-Alaq.
Omar in a press statement that "the results of the meeting were as follows:
- Exchange companies should speed up their entry into the electronic system and merge five companies together to participate in receiving the dollar at the official rate."
For small businesses that need dollars or citizens for foreign remittances, the Western Union remittance company can be used, with which the central bank has signed an agreement.
On the results of the Central Bank's meetings with the United States, he (the governor) said: They focused on transfers, money laundering, and taking dollars. There was consensus on this new electronic system and they are monitoring the process.
Anyone exchanging dollars at the market value of any bank or exchange company must bring the receipt to the central bank.
It will take time for all merchants, companies and factories to enter the new electronic system, and then the difference in the dollar exchange rate in the central bank and the market will be controlled.
-Currently, 92 trillion dinars are available per month, and we did not allow money to be printed. Previously, 45 trillion dinars were available per month.
Gradually, when we control the export of dollars, we will increase the supply of dollars to the country.
We are trying to solve the problem of business taxes that are afraid to enter the electronic system.
Border crossings and customs represent a major problem in exporting dollars, and the government must solve the problem of border crossings and entry of goods.
Iraq's reserves have reached 100 billion dollars, including 130 tons of gold and dollars.
Regarding awareness of dollar money from selling oil, he said we do not know where and how it returns to Iraq in the Kurdistan Region and how it is spent, which affects the price of the dollar.
Residential projects registered as investments must submit their official documents to the central bank and enter the online platform to provide evidence that citizens owe money equal to the official dollar rate.[/rtl]
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