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BAGHDAD - The Journal News
It discussed the economic affairs committee a number of issues of an economic nature and has taken many decisions.
According to a statement of the Commission, Wednesday, that the committee its sixth meeting, chaired by the Minister of Planning held Economic Committee Chairman Salman Jumaili, and membership of ministers (oil, agriculture, and the head of the investment and the governor of the Iraqi Central Bank and economic advisor to the Prime Minister, and the agents of planning and commerce, and hosting Ahmed Kanani Chairman of the Committee on Economy and Investment Abd al-Zayer parliamentary head of the Iraqi National reconstruction Council.
The Committee discussed a number of topics of an economic nature and has taken many decisions, including the approval to increase the ceiling of the amount of government letters of credit with private banks to 30 million dollars with the Central Bank of Iraq advice on private banks in terms of their eligibility and ability can be ceiling hike to the top of it in necessary to be done in coordination with the Central Bank of situations.
It agreed not to confiscate letters of guarantee only after the completion of legal and judicial proceedings all contained in the contract signed between the two items.
The Committee voted on the failure of the ministries and departments not associated with the Ministry issued a circular not to deal with banks, but this is the prerogative of the central bank exclusively.
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