Iraqi Business Council: new mechanisms of the Central Bank will create a banking market in Iraq
Iraqi Business Council: new mechanisms of the Central Bank will create a banking market in Iraq
Editor Ali Jasim – Friday, 13 March 2015 17:02
Alsumaria News / Baghdad,
said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq enjoyed an economic activity that is supported, indicating that the banks will work tax pricing and levied in accordance with the detailed tables furnished by the Customs and Excise. The Business Council, in a statement received Sumerian News copy of it, “the new Iraqi Central Bank mechanisms, which recently announced regarding the mechanism of calculating customs trusts established in the tariff and the amount of current law ratios for banks, it is possible to create a banking market in Iraq.”
The council said that “every Iraqi banks, especially private, seeking to support the banking sector, the private sector, in particular, is pushing to stabilize the market and exchange rate stability as one of the monetary policy of the Central Bank of Iraq tools,” adding that “the central bank tries to make the banking sector’s role in economic development. ” and between the Council that “new mechanisms will create a market between banks, whether government or private, and thus achieved a banking sector enjoyed an economic activity that supported possible financial liquidity to be provided by the central bank to private banks,” pointing out that “the mechanism New will be the banks business tax pricing and levied in accordance with the detailed tables provide customs and taxes for each substance subject to customs duty as well as guess commercial profit. ” The central bank held, on Thursday, meeting with specialists in the General Administration of Customs and taxes on calculating customs trusts established in the ratios mechanism Law tariff, as was determined ratios at the level of each article in order to avoid the integration of some high levels with the low. He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh announced, in (December 23, 2014), that the tax to be imposed will be gradual, stressing that inflation in Iraq is universally accepted.
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