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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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    Iraq announces compensation to citizens and companies who buy dollars at the unofficial rate

    Rocky
    Rocky
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    rate - Iraq announces compensation to citizens and companies who buy dollars at the unofficial rate Empty Iraq announces compensation to citizens and companies who buy dollars at the unofficial rate

    Post by Rocky Sun 23 Jul 2023, 2:53 pm

    Iraq announces compensation to citizens and companies who buy dollars at the unofficial rate



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    2023-07-23 13:20
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    Shafaq News / The Iraqi Prime Minister, Muhammad Shia'a al-Sudani, directed the Central Bank of Iraq to compensate citizens and companies who buy dollars at the unofficial price, by deducting the financial difference from banks and exchange companies that sold the dollar at more than the price set in the bank.
    This came during a meeting of the Prime Minister with the Governor of the Central Bank, Ali Mohsen Al-Alaq, in the presence of the advisors and the Director General of Investment in the bank. The measures taken by the Central Bank regarding the stability of the currency in the Iraqi market were discussed, and the most prominent plans prepared for reforming, developing and enabling the banking sector were discussed. To take its role in achieving sustainable development and facing challenges.



    According to a statement received by Shafaq News agency, Al-Sudani listened to clarifications about the most important facilities provided by the Central Bank, which include allowing small merchants and importing individuals to finance their imports without the need to establish a company, and that is through government and private banks that have direct relations with correspondent banks.
    In this regard, the Prime Minister directed that greater efforts be made to simplify procedures for citizens, as emphasis was placed on implementing the content of the Council of Ministers' decision regarding the payment of investment project installments by allowing citizens to pay in Iraqi dinars for the values ​​of housing units that they previously purchased in foreign currency.
    Al-Sudani also ordered the application of Article 48 of the Federal General Budget Law, to unify and simplify tax procedures on the one hand, and not link them to external transfers on the other hand.
    And he stressed the continuation of the measures that the Central Bank will take, related to compensating citizens and companies who buy dollars at the unofficial rate, through the Central Bank deducting the financial difference from banks and exchange companies that sold the dollar at more than its price specified in the bank, after the purchase from those companies is proven.
    For his part, the Governor of the Central Bank, Ali Al-Alaq, revealed during the meeting the bank's intention to resume selling dollar cash through licensed banks in Nineveh Governorate.
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