CBI to impose new restrictions to reduce the leakage of currency outside

[Tripphood]

CBI to impose new restrictions to reduce the leakage of currency outside

by THE CURRENCY NEWSHOUND - Just Hopin June 12, 2012

On: Tuesday 06/12/2012 14:14

Baghdad (news) .. The adviser North Bank for Finance and Investment wholesome Elias Abou, the central bank issued new instructions for the banks limit the smuggling of currency out of Iraq.

said Abbou (of the Agency news) said on Tuesday: The Central Bank issued new instructions for the banks include restricting transfer hard currency out of Iraq and the imposition of import license, excluding, transfers are made for the purpose of treatment where the right of the citizen to convert (10) thousand dollars to the price announced by the central bank to submit a medical report and procedures for travel for treatment.

added Abbou: to import goods under import license which is evidence of the arrival of the goods and to identify on Mnashiha, reducing the leakage of currency outside of Iraq. He Abbou to: that these measures will reduce by a few of the leakage rates due to the presence of banking offices and the offices of currency conversion which buys citizen of what he wants of foreign exchange and turn them out.

http://bit.ly/LyH3Ng

[zigmeister]

huh. I thought CBI said the smuggling of currency really was not a problem. Apparently it is.

[easyrider]

could this be a sign that they are getting ready to change something? hmmmm

Edited June 13, 2012 by easyrider

[countryroads]

I think that the GOI just rearranging deck chairs on the Titanic.

[Tripphood]

Yeah, Buddy!