Parliamentary Finance stresses the need to reconsider the currency auction
Parliamentary Finance stresses the need to reconsider the currency auction
01/12/2020 10:21
[Baghdad-Where]
The Finance Committee in the House of Representatives confirmed, on Tuesday, the need to reconsider the currency auction, while calling for it to be transferred to the Ministry of Finance.
A member of the committee, Ahmed Al-Saffar, said, according to the official agency, that “the issue of the currency window of the central bank does not exist in all countries of the world except for Iraq,” adding that “standards for transparency in work for the window are absent, and there is no daily bulletin issued for auction operations, and we do not know the amounts sold from Dollar “.
Al-Saffar stressed, “the need to reconsider this window and transfer the matter to the Ministry of Finance, because there is confusion and overlap between the work of the Central Bank and the revenues generated from oil revenues.”
He pointed out, “Earlier it was proposed to open a customs tax office inside the bank and complete the tax collection directly from the beneficiaries from the currency window, because the sums were paid against evidence of actual imports, as the tax was transferred directly, so the government would have achieved good amounts of revenue.
alliraqnews.com
