Finance Committee recommends that the central government banks to take over the sale of hard currency
Finance Committee recommends that the central government banks to take over the sale of hard currency
019/02/2014, Since 7 hours 17 minutes
City News Agency /
Parliamentary Finance Committee recommended according to the proposals handed over to the management of the Iraqi Central Bank to take over the government banks the task of selling hard currency rather than private banks.
A member of the Committee secretary Hadi “The Finance Committee considers it necessary to take over the government banks buy foreign currency from the central bank and distributed to customers of merchants, according to the official import bills.”
Hadi added that “the file management of hard currency from the sale of State-owned banks are better than private banks to take over that task,” adding that “the actions of the Iraqi Central Bank ended the process of manipulating the documents to import goods by traders.”
According to an earlier report of the Finance Committee, the parliamentary private banks had accounted for 80% of central bank sales of foreign currency, while government banks to get at least a ratio of 20%.
And sells Bank of Iraq which is subject to the control of the House of Representatives, foreign currency on a daily basis to banks and businessmen referees to him, but in the last year put controls “strict” to curb the smuggling of currency.
al-madinanews.com
