The Council Of Ministers Takes A Decision That Contributes To Reducing The Price Of The Dollar In Iraq - Urgent
Politics |Baghdad today – Baghdad Today, Tuesday (November 21, 2023), the Council of Ministers, during its forty-seventh regular session headed by Muhammad Shiaa Al-Sudani, took decisions to facilitate importers of goods (gold, cars, mobile phones, cigarettes) from benefiting from the services of the external banking financial transfer platform.
A statement from the Prime Minister’s Media Office, received by “Baghdad Today,” said that the Council of Ministers decided “in the field of regulating trade and the importation of some materials and goods, which some merchants are forced to finance from the unofficial market for foreign currency, and the negative repercussions that such financing entails on The exchange rate.
The Council of Ministers has taken a number of decisions and measures aimed at facilitating importers of goods (gold, cars, mobile phones, cigarettes) from the services of the foreign banking money transfer platform, in a way that makes it easier for importers of these goods to obtain financing in foreign currency at the official exchange rate and spares them the need to Resorting to buying foreign currency from the informal market.
He added, "The decision will reflect positively on reducing the price of foreign currency in the informal market, as trade in the aforementioned materials constitutes a large part of the demands for foreign currency in the informal market, as those decisions included reducing customs duties on containers and another reduction related to import duties."
Cigarettes and the approval of certificates of origin issued by the chambers of commerce of exporting countries. These decisions also included simplifying procedures for importing gold through air ports and with 24-hour service.”
Earlier, a government source reported that directives would be issued to adopt trade in gold, cars, mobile phones, and cigarettes within the dollar selling platform soon.
The source explained in an interview with "Baghdad Today", "Based on the Prime Minister's directives regarding regulating trade and import operations for some materials and goods, most of which are financed from the parallel market and the negative effects it has on the stability of exchange rates, the
Ministerial Council for the Economy will consider proposing important decisions to facilitate and simplify... Procedures for importers of goods (gold, cars, mobile phones, and cigarettes) to enter the foreign money transfer platform.
He added, "These decisions and instructions will be the catalyst for importers of these goods to abandon the process of buying and transferring dollars through the parallel market for the dollar and direct them towards the platform for the foreign currency selling window in the Central Bank of Iraq at the official price."
The source confirmed, "This will have a positive and significant impact on reducing the price of the dollar in the parallel market, as trade in the above materials contributes the largest proportion of the demand for the dollar in that market."
No comments:
Post a Comment