Yesterday, 08:51 AM
Cabinet restricts the import and export companies and buy the currency recorded
It announced the Council of Ministers, on Tuesday, inventory Import and Export As companies process registered with the Ministry of Commerce, and the establishment ofcompanies "solidarity" holds the clearance Alkmarki process, as identified the first of next July as the date for implementation, the crisis cell , headed by the Prime Minister has decided to develop a plan to pay off the internal financial debt and the postponement of installments Paris Club until Iraq expiration of its obligations, and speed up payments to contractors and farmers.
the Office of the Prime Minister Haider al - Abadi in an official letter addressed to the ministries and departments not associated and provincial councils entitled (import and export) procedures, I got (range), the a copy of it, " the approval of got to limit the import and export of materials and goods , and buy the currency on behalf of companies registered with the Registrar of companies in the Iraqi Ministry of trade process, for all materials covered (provided import) leave, or not covered."
He pointed out the book, to "establish a company ( solidarity) exclusively holds the clearance process Alkmarki, "Nasa that" the implementation of paragraphs will start from the first of next July. "
promised a book, the Office of the Prime Minister that, it" came in line with the reforms launched by the Prime Minister package, based on the provisions of the companies Act No. 21 of 1997 as amended, and inorder to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and control the movement of funds in foreign currency movement, including those funded by the Central Bank of Iraq. "
turn the economic expert on behalf of Jamil Antoine said in an interview for the " long " , that " the government steps toward control of the laundering and smuggling dollar overseas operations is relatively good, but too late."
He added that " the main reason for the rise in price of the dollar in the domestic market is the process of supply and demand , which differed from previous years due to decreasing the amount of supply significantly from $ 300 million to $ 120 million a day, as a result of lower oil prices in nearly two years. "
he explained Antoine" the auction of daily currency, which depends mainly on the sale of oil revenues by the government has become a front for operations financial and administrative corruption over the past years without any real movement by financial institutions in the country to stop the bleeding money and smuggled out of the country. "
He said the " limited import and export operations of the Ministry of Commerce is considered an important step to control the amount of money sold in the domestic market and knowledge of the market needs of the consumer in addition to cut the road in front of the speculators and the corrupt in the currency smuggling abroad. "
He stressed Antoine" The central bank is obliged to apply the laws that limit the operations of financial corruption, especially with regard to daily trading for the dollar coordination of relevant ministries on a regular basis and practical. "
in a statement, the Office of the Prime Minister, Haider al - Abadi, received a (long) , copy of it, "al - Abadi, chaired a meeting of a cell crisis , " the
statement added, that " the crisis cell, discussed the topics on the agenda and decided with regard to public debt start paying domestic debt and develop a plan in this regard and work to postpone the premiums Paris Club until the end Iraq 's obligations under the standby credit arrangements. "
She cell, according to the statement," lending to industrial, agricultural and residential projects and briefed on the progress of work after the start of the actual lending operations and the importance of the profile of this project for citizens who wish to borrow and its positive effect on the economic situation measures , "he said , adding that" cell the crisis has taken a series of measures to ensure speed up payments to contractors and farmers. "
She stressed the crisis cell, to" speed up the funding allocations needed to sustain electric power projects after the improvement of processing for citizens and continued to work for the continuation of the citizens better equip ", pointing out that he" decided to accelerate irrespective protection network allocations social by the Ministry of Finance. "
revealed a document issued by the Office of the Prime Minister Haider al - Abadi, Monday (April 11, 2016), that the crisis cell and directed the Ministry of Finance and the Central Bank to issue national bonds to address the entitlements of companies and contractors, the document noted that the annual interest rate for these bonds amounting to 5 %, while a source familiar said that the value of bonds of up to about one billion and 500 million dollars.
the Central Bank of Iraq announced on Sunday (April 10, 2016), for the approval of a cell of the financial crisis , headed by Iraqi Prime Minister Haider al - Abadi, to issue bonds to pay dues Contractors and suppliers of state institutions, and as he emphasized that the bond is a guarantee for loans at full face value, he pointed to the possibility of deducting those bonds in banks or sold in the market.
and discussed the Iraq Stock Exchange on Monday , the (4 April 2016), with the Central Bank of Iraq mechanism of government bonds put up in the Iraqi stock Exchange, while confirming the formation of committees to follow up the matter thoroughly.