Parliamentary Finance Determines A Factor To Reduce The Exchange Rate
425 The Parliamentary Finance Committee stressed, today, Wednesday, the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures.
Committee member Mueen Al-Kazemi said, according to the official newspaper, that “the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.” instead of the current method.
Al-Kadhimi added, “Another problem must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them, given that there is a national interest for the Iraqi people with this import.”
And on some technical matters, the committee member called for “consideration of simplifying the issue of tax that can be deducted in the central bank instead of reviewing the tax departments and entering into a complex routine.”
He stressed that "all these matters must be followed up by consulting the private sector, which is basically the root of the problem in order to obtain positive results."
https://takadum-news.com/archives/179917#hathalyoum
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Parliamentary Finance Determines A Factor To Reduce The Exchange Rate The Parliamentary Finance Committee stressed, today, Wednesday, the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures. Committee member Mueen Al-Kazemi said, according to the official newspaper, that “the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.” instead of the current method. Al-Kadhimi added, “Another problem must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them, given that there is a national interest for the Iraqi people with this import.” And on some technical matters, the committee member called for “consideration of simplifying the issue of tax that can be deducted in the central bank instead of reviewing the tax departments and entering into a complex routine.” He stressed that "all these matters must be followed up by consulting the private sector, which is basically the root of the problem in order to obtain positive results." https://takadum-news.com/archives/179917#hathalyoum
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Parliamentarian Expects To Pass The Oil And Gas Law Before The Local Elections Energy Economy News – Baghdad A member of the Parliamentary Oil and Gas Committee, Zainab al-Moussawi, expected, on Tuesday, to vote on the draft oil and gas law before the provincial elections scheduled for December 18. Al-Moussawi said, "Discussions and discussions are continuing about the oil and gas law, which will join the work of natural resources in Iraq, but we want to reach a formula for a law that serves the country and does not serve one party at the expense of another." She added, "There are objections by the Kurdish blocs about some articles in the law, such as handing over oil production in the region to Baghdad and exporting it through SOMO, in addition to allocations for oil-producing provinces and other matters that will be resolved soon." Al-Moussawi added, in an interview with "Euphrates News" agency, which was followed by "Al-Iqtisad News", that "a vote on the law is expected before the next local elections."
https://economy-news.net/content.php?id=35812
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