Central Bank decides to deprive the 14 banks from entering the window to sale and purchase of foreign currency

[yota691]

Central Bank decides to deprive the 14 banks from entering the window to sale and purchase of foreign currency

 

Monday, June 8, 2015 14:25

 

 

 

 

Alsumaria News / Baghdad 
decided the Central Bank of Iraq, Monday, depriving the 14 banks from entering the window of sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged. The bank said in a statement received by Alsumaria News, a copy of which he "decided to deprive the 14 banks access to window sale and purchase of foreign currency and stop the strengthening of their assets abroad, "attributing the reason for this is" not they pay all amounts discharged deductions for tax and customs secretariats and transferred to the General Authority for taxes and General Administration of Customs. "

 

The bank "and added banks which included deprivation is the Iraqi investment, the country's Muslim, by Lebanese French, Byblos , international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, France Bank, Union of Iraq, the Iraqi trade, Sumer Commercial, Huda. " The bank pointed out that "deprivation will continue until the payment of the amounts discharged and provide us with what supports it." and founded the Iraqi Central Bank independent bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including the exchange rate policies being sessions daily for buying and selling currencies. It is noted that although private banks spread in Iraq , which amounted to more than 30 banks, but the banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure institutions -governmental organizations to deal with them because of foot-dragging some private banks in their work.

[yota691]

14 deprive the banks from entering the window to sale and purchase of foreign currency

By Mohammed Emad three thirty-four a.m. 06.08.2015 | Views: 1

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Brother - Baghdad

Iraqi Central Bank decided, Monday, depriving the 14 banks from entering the window to sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.

The bank said in a statement received for News Agency (et) a copy of it was "decided to deprive the 14 banks from entering the window of sale and purchase of foreign currency and stop the strengthening of their assets abroad," attributing the reason for this is "not they pay all amounts discharged for deductions of tax and customs trusts and converted to the General Authority for taxes and the General Authority of Customs ".

The bank "and added banks which included deprivation is the Iraqi investment, the country's Muslim, by Lebanese French, Byblos, international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, France Bank, Union of Iraq, the Iraqi trade, Sumer Commercial, Huda."

He pointed out that the bank "will continue until the deprivation repay amounts discharged and provide us with what supports it."

And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.

It is noted that although private banks spread in Iraq, which amounted to more than 30 banks, but the banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure of government institutions to deal with it because of foot-dragging some private banks in their work.

[new york kevin]

Hmmmm

[yota691]

The central bank denied 14 banks from entering the sale and purchase of foreign currency window

Monday 08-06-2015 | 6:10:02

 

 

 

 

 

Iraqi dinar - XYZ

Twilight News Central Bank of Iraq / on Monday decided to deprive the 14 banks from entering the window to sale and purchase of foreign currency to non-payment of taxes due on them.

The bank said in a statement seen by Twilight News that he "decided to deprive the 14 banks from entering the window to sale and purchase of foreign currency and stop the strengthening of their assets abroad."

The bank attributed the reason for the decision to "failure to pay all amounts discharged deductions for tax and customs secretariats and transferred to the General Authority for taxes and General Administration of Customs."

The bank "explained the banks, which included deprivation is the Iraqi investment, the country's Muslim, by Lebanese French, Byblos, international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, France Bank, Union of Iraq, the Iraqi trade, Sumer Commercial, Huda."

He noted that "deprivation will continue until the payment of the amounts discharged and provide us with what supports it."

[SnowGlobe7]

ok i am confused? a little help?

[sandfly]

THANKS

[Laid Back]

The 14 banks are doing something wrong.

CBI is watching .!

[Officiallytook]

Pay taxes or don't get paid...same as in the good old USA...this is good...get your acts in line for economic reforms...sanctions to be lifted...no more kiddy games...play big pay big

[Markinsa]

ok i am confused? a little help?

 

The CBI's not getting their cut (taxes / fees / dues), so they're revoking their licenses. 

.

[SnowGlobe7]

great like the iraqi people have any reason to trust these banks....

[chinadawg]

YHIS COULD BE A GOOD THING, IF THE PEOPLE SEE THAT THE CBI  IS HOLDING BANKS ACCOUNTABLE FOR THERE ACTIONS OF WRONG DOINGS.

[yota691]

The central bank's decision and the serious impact of the non-payment of tax in developed countries 

39 Show    June 9, 2015 13:22

Tariq Harb

Iraqi Central Bank's decision on 08.06.2015 14 to deny access to bank window sale and purchase of foreign currency showed us the following facts:

1. This decision falls within the central bank the authority established in the Central Bank Law No. 56 of 2004 and the Banking Law No. 94 of 2004 because the central bank's task of formulating monetary policy in Iraq and the implementation, including foreign exchange policy in accordance with the provisions of Article IV of the Bank Act, as well as in accordance with the provisions of Article 56 of the banks that authorized the Central Bank Law taking any action or the imposition of any administrative penalty against any bank in violation of the bank to the provisions of this law or when submitting incomplete transactions and does not meet the bank's obligations incurred by him to pay the amount due the General Authority for taxes and the General Authority for Customs gives the bank use his authority.

2. The action taken by the central bank against the banks mentioned regard to deny access to the special window to sell foreign currency other words, the bank denied these banks to participate in the auction sale of foreign currency by the Bank shall conduct, thus depriving the banks of unrealized and clear and easy profit is to buy foreign currency Bank of sale and banking this process easy and guaranteed profit measures do not include any risk, similar to other banking transactions such as loans or the issuance of letters of guarantee, which is subject to the probability of default, which ranks the damage to the bank.

3. It seems that many of these banks ignored the claims of the central bank for the payment of the General Authority for taxes and the General Authority for Customs, prompting the central bank to take this action.

4. that the move is bound to be influential in the financial and legal location of these banks in the Iraqi and international market where entail some kind of imbalance of the center's credit and financial for these banks to the customers and to increase the site other banks who take the sale and purchase of foreign currency inevitably did not name contained in this list especially since this list impact not financial Kalshaiah or transferred by the media because it is proven by decision of the official body representing the highest point of monetary and fiscal in Iraq also must note what settled by custom in the developed countries of the non-payment of the tax constitutes an act exceeds the commission of some crimes.

[jobug38]

Getting rid of corruption. In the banking system! I like! Good job yota!

[yota691]

Depriving a number of banks from entering for the sale and purchase of foreign currency from the central bank

Under section: economic Dated: June 9, 2015

 Baghdad / Iraq News Network central bank decided today, depriving the number of banks from entering the window to sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged. The bank said in a statement that he «has decided to deprive the 14 banks from entering the window of sale and purchase of foreign currency and stop the strengthening of their assets abroad», attributing the reason for it to «that they do not pay all the amounts discharged for deductions of tax and customs secretariats and transferred to the General Administration of Taxation and the General Administration of Customs» . The bank said that «the banks, which are included deprivation Iraqi investment, Islamic country, by Lebanese French, Byblos, international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, France, the Iraqi trade, Sumer Commercial, Huda». He pointed out that the Bank «deprivation will continue until the payment of the amounts discharged and provide us with what is supported by».

[yota691]

Legal expert: to deprive the central bank to banks from the auction for the sale of part of his powers Currency

History of edits:: 09/06/2015 1:00 p.m. • 29 visits readable

[baghdad-where] 
counting the decision of the Central Bank of Iraq, a legal expert in depriving banks of the auction for the sale of the currency as "a part of his powers."

The central bank, yesterday decided to deprive the 14 banks from entering the window of sale and purchase of foreign currency, until the payment of amounts due Bzmtha. 
, said Tariq Harb said in a statement received by the agency all of Iraq [where], that "the Iraqi Central Bank's decision yesterday to deny 14 banks from entering window sale and purchase of foreign currency showed us several facts including that this decision falls within the central bank the authority established in the law No. 56 of 2004 and the Banking Law No. 94 of 2004 ". 
He said "the central bank's mission is to formulate monetary policy in Iraq and implementation, including policy foreign exchange in accordance with the provisions of Article IV of the Bank Act, as well as in accordance with the provisions of Article 56 of the banks, which authorized the Central Bank Law taking any action or the imposition of any administrative penalty against any bank in violation of the bank to the provisions of this law or when submitting incomplete transactions and the failure of the bank resulting from the commitments it pay the amount due the General Authority for taxes and the General Authority for Customs gives the bank the use of his authority. " 
He pointed a war that "the action taken by the central bank against the banks mentioned regard to deny access to the window for the sale of foreign currency that is to say the bank denied these banks to participate in the auction sale of foreign currency The Bank shall conduct, thus depriving the banks of unrealized and clear and easy profit is to buy foreign currency from the bank and sold and this banking guaranteed profit and easy measures and does not include any risk, similar to banking transactions and other events such as loans or the issuance of letters of guarantee, which is subject to the probability of default, which ranks the damage to the bank. " 
"It seems that these banks ignored numerous claims from the central bank for the payment of the General Authority for taxes and the General Authority for Customs, prompting the central bank to take this action." 
He noted legal expert that "this measure is bound to be influential in the financial and legal location of these banks in Iraqi and international market where entail some kind of imbalance of the center's credit and financial for these banks to the customers and to increase the site other banks who take the sale and purchase of foreign currency inevitably did not name contained in this list, especially since this list impact not financial Kalshaiah or transferred by the media because it is proven a decision of the official body representing the highest point of monetary and fiscal in Iraq also must note what settled by custom in the developed countries of the non-payment of the tax constitutes an act than to commit some of the crimes. " 
He said the war was "and when you check the list issued by the Central Bank of secure and recognized Bean Many of the some of the banks that deal with hundreds of millions of dollars through the window for foreign currency is not the only shops ".bhsp he said. The central bank has attributed yesterday his decision to "the failure of these banks pay all amounts due Bzmtha all deductions and tax secretariats and customs and turn them into General Authority for taxes and the General Authority for Customs. " He added the bank, according to a statement that "banks, which included deprivation is the Iraqi investment, the country's Muslim, by Lebanese French, Byblos, international development, the Arabian Gulf, the Middle East, Beirut and the Arab Countries, Ceyhan, France Bank, Union Iraq, the Iraqi trade, Sumer Commercial, Huda, "adding that" deprivation will continue until the payment of the amounts discharged and provide us with what is supported by the ".anthy

Read more: http://dinarvets.com/forums/index.php?/topic/203929-legal-expert-to-deprive-the-central-bank-to-banks-from-the-auction-for-the-sale-of-part-of-his-powers-currency/#ixzz3cZKPjUv2

[yota691]

Central Bank: the fluctuation of the dinar is familiar and banking companies not liable to pay tax

Tuesday 09-06-2015 | 3:26:51

 

 

 

 

 

 

 

 

Iraqi dinar - for h / p p

Twilight News CBI / said on Tuesday that the volatility in the Iraqi dinar exchange rate against the dollar is not uncommon, among some banking and financial transfers to companies shall not be required to pay eight percent in taxes and customs imposed on the ratio of the merchants.

He said the bank's board member Majid picture of Twilight News, "The volatility is currently in a normal market and due to the addition of 8% and the proportion of customs taxes collected by banks from the merchants," adding that "there is speculation by the owners of banking companies."

He added that the picture "owners of banking and financial companies has no right to transfer them to add 8%, but traders, but they add Aaltzmon and paid to the government."

Iraqi Central Bank decided on Monday to deprive 14 banks from entering the window to sale and purchase of foreign currency to non-payment of taxes due on them.

The bank attributed the reason for the decision to "failure to pay all amounts discharged deductions for tax and customs secretariats and transferred to the General Authority for taxes and General Administration of Customs."

[Wiljor]

Banks take a cut on every transaction made, millions or billions will be lost to these banks. Comply or be denied profit, This is a good thing.

Morning Yota and DV

[Officiallytook]

Bump keep this at the top...thanks yota

[unirod]

I say B/S!!! The CBI owes private banks like Warka $$$$ and lots of promises that they have not came through on. They are as corrupt as the alleged offenders!!! IMO !!!

[Z-Zapper]

I say B/S!!! The CBI owes private banks like Warka $$$$ and lots of promises that they have not came through on. They are as corrupt as the alleged offenders!!! IMO !!!

Agreed. Aren't all financial institutions??? Take our Federal Reserve for example. A couple years ago I watched a congressional investigation where a congressman was asking the 2nd in command of the FED where $1 Trillion (yes, TRILLION) went. It simply disappeared. No paper trail. No records of any kind. That was OUR money and the Fed rep just skirted the issue entirely and the Congress people in attendance were not pleased, to say the least. You know what came of that? That's right. Nada. Zip. Zilch. Look it up for yourself. There are several sites where you can watch this for yourself, including youtube.com.

Do these large financial entities care about us, meaning the hard working, not Uber rich, human populace? Yeah, right. Sure they do. Only in so much as without all of us they wouldn't have any monetary input. If they could continue making money and controlling everything without us they wouldn't care if every single person on the planet died a horrible, agonizing death as long as it isn't them. This might seem like a fatalistic view, but it isn't since it's based on common sense observation. I'm sure I'm not the only one here who's noticed this or feels this way.

That being said, since we can't do anything about it personally, we continue to hope that their (financial overlords) plans will benefit us to increase the comfort of our lives. I'm there with all of you! Go CBI!

[yota691]

10/06/2015 (00:01 pm)   -   the number of readings: 213   -  number (3382)

 

 

Is the central bank for 14 Auction currency: not paid what Bzmtha tax and customs

BAGHDAD / Mohammad Sabah 
 

Rise in the US dollar exchange rate in the domestic market in the past few days, the prices came to coincide with the new procedures implemented by the Presidency of the Council of Representatives through the formation of an investigative committee to look for the fate of the $ 200 billion smuggled out of the country during the past ten years.

I promised the Parliamentary Integrity Committee what he had done the central bank to deny 14 banks from entering into an auction currency as a procedure properly, pointing to the existence owed ​​debt to these banks is estimated at 50 million dollars. 
The central bank, he said earlier that the dollar exchange rate will remain high if you do not conform to all government parties with the bank on violators accountable, as pointed out attempt Bank re-market to normal.
I got (range) on the prompt book from the central bank to several local banks, preventing them from participating in the auction currency, as well as to stop the strengthening of their assets abroad through it .Central and attributed the move to the failure of these banks to pay all amounts arising from his trust for tax deductions secretariats and customs and transferred to the account of the General Authority for taxes and the General Authority for Customs. He says Haider al-Mutlaq, a member of the Finance Committee, said that "the parliamentary financial identified through the budget of the Central Bank Sales Act at 75 million dollars a day." 
The general budget law for the year 2015 committed the Central Bank of Iraq, in paragraph 50, determining the daily auction sales of currency at 75 million dollars daily. 
demanding the central bank instructions to participate in the auction banks currency to exercise justice in sales and demand co-auction the bank to provide input goods documents and statements of tax settling accounts and input Alkmarki within 30 days from the date of purchase of the amount. 
and includes the central instructions applying the penalties provided for in the Bank Act or regulations issued with him, and the use of other banking instruments to maintain the strength of the dinar against the dollar, against violators. 
revealed that MP Haider al-Mutlaq, "the central bank sales are currently up to 100 million dollars a day, which is a violation of the Law of the federal budget for 2015". And explain Mutlaq reasons for the high dollar prices compared Dinars to "the existence of manipulators and speculators in the domestic market are standing behind the rise in the dollar over the past two days," noting that "the dimensions of 14 banks waged from auction sales currency for not abiding by the Central Bank." 
As seen MP for the coalition of state law "The central bank action will not affect the high price of the dollar in the domestic market", he stressed that "the presence of manipulators who exploit the conditions and raise the dollar exchange rate." 
revealed a member of the Parliamentary Finance Committee on "the formation of an investigative committee, headed by first deputy chairman of the House of Representatives, and the membership of the Finance Committees and the economy and integrity, to investigate the operations of money laundering is believed to have caused the smuggling of $ 200 billion over the past decade. " 
For his part, says Talal Zobaie, Chairman of the Parliamentary Integrity Committee, said that "the central bank obliged all private banks to pay the new taxes, a correct measures will provide money, considering the general budget." , adding that "the Integrity Committee monitors all acts of the Central Bank." 
The central bank announced in March, for the adoption of a new mechanism for the payment of taxes and control of "money laundering" through prepayment of taxes and customs for goods entering Iraq, expected to lead the move to double State revenues. Supports MP from the Union of Forces what he had done the central bank to deny 14 regional banks from entering into an auction currency, stressing "the need for transparency in private banks dealings with the central bank." 
explains Zobaie "These private banks disposed of them owed ​​taxes for more than three years up to nearly $ 50 million. " 
The attention of the Chairman of the Integrity Commission to "the existence of a lobby within the private banks will limit the dollar without his presentation to all citizens, which led to exchange rate appreciation during the past few days," calling to "address this imbalance as soon as possible because he an economic threat to the country. "