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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Sabri: Central bank foreign currency and smuggled it review its policy

    Rocky
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    • Post n°1

    Sabri: Central bank foreign currency and smuggled it review its policy Empty Sabri: Central bank foreign currency and smuggled it review its policy

    Post by Rocky Sat 30 Jan 2016, 7:16 am

    [rtl]Sabri: Central bank foreign currency and smuggled it review its policy[/rtl]
     


    [rtl][You must be registered and logged in to see this link.][/rtl]
     
    [rtl]BAGHDAD / Sky Press: Areej al-Tai[/rtl]
     
    [rtl]Student Office of the Prime Minister Haider al-Abadi, the Iraqi Central Bank to review its policy on "the smuggling of foreign currency."[/rtl]
     
    [rtl]A spokesman for the Office Saad al-Hadithi, in a statement I followed "Sky Press," that "the Central Bank's policies as an independent government can not be a party to work details and management of fiscal and monetary policy, they are within the jurisdiction of the central bank, such as selling foreign outlets currency", pointing out that it "the policy determined by the Bank as an independent body."[/rtl]
     
    [rtl]He newborn that "the economic situation is going through the country is difficult, and requires conduct reviews of all policies on financial management level, and monitoring and transmission of funds, and money laundering and smuggling of foreign currency out of Iraq under the investment cap," stressing that "this is very important."[/rtl]
     
    [rtl]He pointed out that "the real currency sale process and a way to import as it is through trade through the purchase of the bank's currency to import goods, and at the same time the central bank today takes this process accurately and announce it to the media."[/rtl]
     
    [rtl]Newborn and pointed out that "the Iraqi currency by which to provide and pay a large part of it by auction Central Bank, on the grounds that the source of the money supply and liquidity of financial savings probably a big part of citizens and non-existent in the economic cycle."[/rtl]
     
    [rtl]And that "this greatly affects the central bank's capabilities, which sometimes forced to sell high amounts of currency for cash, through which provide important basic amounts to provide the salaries of staff cover, the process overlapping and difficult, but the result enters this in a political central bank framework."[/rtl]
     
    [rtl]The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.[/rtl]
     

    [rtl]The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.[/rtl]
    [rtl][You must be registered and logged in to see this link.][/rtl]
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