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CBI restricts the purchase of hard currency to import and le

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CBI restricts the purchase of hard currency to import and le

Unread postby Stillw8n » Mon May 07, 2012 8:41 am

CBI restricts the purchase of hard currency to import and leave a bank account and tax accounting

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BAGHDAD / JD / .. Parliamentary Finance Committee confirmed that the central bank put severe restrictions on the sale of foreign exchange and requires that the buyer of the dollar has a bank account and leave import and lists of commercial tax in addition to settling accounts. A member of the Committee and MP for the Liberal bloc Majida al-Tamimi’s / JD /

“The meeting between the Finance Committee today with the Governor of the Central Bank and some representatives from the bank and gave reasons for the high price of the dollar against the Iraqi dinar.”

She said Tamimi, “The central bank put strict controls on the sale of hard currency in Iraqi banks is that have made the purchase amount of dollars leave the import and bank account and lists of trade and shall be subject to the expense of the tax,” indicating “reason to put restrictions on the buyers dollar to control the price of the currency hard against the Iraqi dinar in the market. “

Tamimi and attributed to the central bank resorted to these restrictions because of the instability of the dollar against the dinar, which had a negative impact on the Bank’s work. The Knesset Finance Committee member and Liberal MP for the block, “The central bank put these restrictions in order to reduce the supply of dollars.”



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