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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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    Al-Sudani directs to prevent the interference of all devices in the work of exchange companies

    Rocky
    Rocky
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    companies - Al-Sudani directs to prevent the interference of all devices in the work of exchange companies Empty Al-Sudani directs to prevent the interference of all devices in the work of exchange companies

    Post by Rocky Thu 03 Aug 2023, 5:07 am

    Al-Sudani directs to prevent the interference of all devices in the work of exchange companies

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    Economy News - Baghdad
     A government source revealed, on Thursday, a set of directives taken by Prime Minister Mohamed Shia Al-Sudani regarding the work of exchange companies after a meeting.  
    The source told Shafaq News Agency, followed by "Al-Iqtisad News": An important meeting was held yesterday at the government palace headquarters between the delegation of the Association of Exchange Companies headed by the Chairman of the Association's Board of Directors, and the government team in charge of the economic file by the Prime Minister, explaining that the latest developments were reviewed. The most prominent obstacles and problems encountered in the work of exchange companies and ways to overcome them and find appropriate solutions and proposals for their work in a safe and sound environment have appeared on the scene.
    The meeting stressed, according to the source, the need to continue joint work to achieve stability in the exchange rate of the dollar and support the national currency in a way that eases the burdens on citizens and supports the stability of the national economy, referring to obtaining the approval of the Prime Minister on a number of decisions.
    And the source indicated that the most important of these decisions is directing the Prime Minister to prevent the interference of all agencies in the work of exchange companies, and approving the implementation of Resolution No. 56 of 2004 that includes granting exclusive authority and powers to the Central Bank to monitor and inspect its financial institutions, and according to the Prime Minister’s directive to prevent interference in the work of exchange companies. Central Bank with other government agencies. 
    In addition, the Central Bank of Iraq announced the re-operation of the exchange companies, which were suspended due to the security conditions in the hot provinces. 
    He said, in a statement received by "Al-Iqtisad News", that a large number of exchange companies previously deprived of dealing in the dollar currency, located in the governorates of (Nineveh, Anbar, Kirkuk, Salah al-Din), have been re-operated, and that the security conditions and events after "ISIS" in those governorates led to shutting it down.
    And the Central Bank indicated that the re-operation of these companies came after the strenuous efforts that were made in cooperation with the security and auditing authorities, explaining that the decision would enhance the arrival of the dollar currency to these governorates to meet legitimate requests, which in turn helps to stabilize the exchange rate.




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