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Showing results for tags 'electronic platform'.
Found 4 results
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The "electronic platform" removed Iraq from the list of Turkish "major importers" last January 2023-02-28 04:01 Shafaq News/ The Turkish Statistics Authority announced that Iraq left Turkey as one of the major importers in January 2023, while a merchant attributed this to the bank's instructions to raise the transfer value of foreign remittances. In a report seen by Shafaq News agency, the authority indicated that Iraq left the list of the top five importers from Turkey during last January, after last year it occupied the fourth largest importer from Turkey. The authority added; Germany ranked first as the largest importer from Turkey with a value of 1 billion and 826 million dollars, followed by the United States of America second with 1 billion and 186 million dollars, then Russia third with 1 billion and 43 million dollars, and the United Kingdom came fourth with 954 million dollars. and Italy fifth, with $916 million,” indicating that “the proportion of the first five countries in total exports amounted to 30.6% in January 2023.” A merchant selling Turkish clothes, Haider Al-Hassani, said in an interview with Shafaq News agency; "The difficulties and strict instructions by the Central Bank for foreign remittances have led to a decrease in the import process," noting that "the value of the dollar transfer has increased by 10 times from what it was previously." And he continued, "The Central Bank currently deducts 400 dollars and sometimes more for every 10 thousand dollars that are transferred abroad for the purpose of import, after it was previously deducting up to 40 dollars for every 10 thousand dollars," expecting that "the purpose of this is the bank's attempt to reduce the exit of foreign currency abroad." ". The merchant added; That "the bank wants all merchants to establish companies for the purpose of importing on a regular basis," indicating that "it is difficult to establish such companies that need a large capital and people working for them from two legal and financial accountants, and that these companies be subject to tax." He stressed that "what the trader gets in terms of profits are few, and the goods cannot be loaded with large amounts due to the presence of great competition in the market, and therefore the taxation of these companies means that the goods that are imported will be lost." Iraq imports most of the commodities, goods and foodstuffs from neighboring countries, especially Turkey and Iran, and to a lesser extent from the Arab Gulf countries and Jordan. -
The Central Bank imposes the electronic platform on all banks and exchange companies (document) Feb 19, 2023 Today, Sunday, the Central Bank imposed the electronic platform on all banks and exchange companies, starting tomorrow. The bank said, according to a document addressed to all licensed banks, all exchange companies, and all licensed foreign currency mediation companies, which Alsumaria News reviewed, that "it was necessary to adopt the electronic platform for the cash sale of foreign currency, as of Monday, corresponding to 2/20/2023." He added, "The bank or company that does not use the aforementioned platform will be denied access to its weekly share of cash (dollars)."
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electronic platform July 21, 2022 The Central Bank will adopt a specialized electronic platform for the purposes of exchanging documents and data with all banks .. To view, click here
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Cancellation of letters of guarantee on the electronic platform September 08, 2021 It was noticed recently that some banks have requested the Central Bank of Iraq to cancel the confirmation of returning letters of guarantee via the electronic platform, which had previously been approved to be uploaded via the electronic platform, due to the presence of some errors received from the information entry staff in the bank despite the presence of powers in the name of the letters manager and authorized the supervisory department Inside the platform to check the information entered by the entry staff before submitting it to the platform, and because this situation may lead to many problems, including that the electronic document has been delivered to the beneficiary and at the same time this bank is asked to return the letter, i.e. cancel its installation in addition to the lapse of time Approximately one year after the launch of the electronic platform project for the actual work environment, and therefore, there is sufficient knowledge and knowledge for bank employees who are authorized to access and deal with the platform. The Central Bank requests to direct those concerned with the subject of the platform in your banks to be accurate in fixing the information because the letters of guarantees constitute a legal obligation on the bank, and any letter of guarantees that was previously approved to be downloaded will not be returned without the approval of the beneficiary, even if the beneficiary has not received the document of the letter, the matter Which, if the errors persist, will lead to a delay in the return process and consequently the issuance of the letter due to the inaccuracy in installing the information within the platform.
