Central presents new monetary categories

[yota691]

GMT 21:38 2016 Thursday, March 10 : Last Updated

The government is taking steps to avoid a severe financial crisis  Iraq imposes duties on imported cars and poses securities Mohamed Ghozzi

 

 

Iraq is a new modern market and used vehicles

 

Iraq is seeking to avoid a severe financial crisis may complicate the economic problems, have resorted to offering a national bonds in five categories will be traded on the market in mid-March (March), $ 1.5 trillion Iraqi dinars, while the imposition of taxes and duties on imported cars of all kinds up to six millions of dinars.

Baghdad: Iraqi Central Bank announced its intention to launch a national bonds in five categories in the middle of this month, pointing out that the annual its interest rate of 6%, between that can be used as collateral for loans and financial facilities, in a further step to judge the Iraqi government 's decision to impose Import duties on cars of all kinds, looking for sources of financing the budget deficit in the country and to secure other sources enables the Iraqi government to confront the financial crisis.

The central bank said in a communication I came across "Elaf" a copy of which he "will launch a national bonds (nominal) on behalf of the Ministry of Finance in nominal terms in 15 months in March 2016, and ends on 15 April in 2016 Basaddarah with five categories (100 thousand dinars, 250 thousand dinars, 500 thousand dinars, and a million dinars, and five million dinars) of $ 1.5 trillion Iraqi dinars. "

CBI pointed out that "those bonds will be sold at a discount interest rate of 6% per annum, and is payable by the Ministry of Finance on 14 March 2018".

And it stipulated that "the banks, as well as provide all citizens purchase orders directly to the Central Bank with a colorful bring a copy of the identity of the Civil Status." He pointed out that the authors "can use these bonds as collateral for loans or facilities, or any transactions require collateral." He also pointed out that it "can be traded on the Iraq Stock Exchange, buying and selling, and are deductible to the public and private banks."

Iraq is seeking to issue an internal national bonds to finance the deficit in the general budget of the country as a result of falling oil prices to below $ 30 per barrel. Founded CBI independent bank under the law issued on the sixth of March / March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies, being daily for the sale and purchase of foreign currencies sessions except holidays official in which the Bank stop these auctions.

The Iraqi government relies on oil revenues by more than 90% to meet the chapters of the budget and cover the other part of the collection of certain taxes and border crossings. The governor of the Iraqi Central Bank, on the Keywords, announced plans to start selling bonds worth 7 trillion Iraqi dinars (about US $ 6 billion), the citizens, during the current year, in a move to reduce the fiscal deficit in the country's budget, due to low oil prices in global markets .

He said that the bank "authorized private banks to use 50% of their funds in has, for the purchase of money orders treasury by four trillion dinars (about US $ 3.6 billion), and will issue remittances treasury worth five trillion dinars (about 4.2 billion dollars) and put it to the public."

The Finance Minister Hoshyar Zebari warned the next prospect inability to pay wages of employees in the month of April in the case of the continuing decline in oil prices, while the comments had Iraqi fears that their country on the verge of bankruptcy actually, especially in light of the war on the organization Daash . 
He pointed out that "there are seven million people earning salaries of Iraq 's total population of 36 million , " noting that " the total amount to be distributed from the monthly salaries of four billion dollars."

Fees on car registration 
and in the second step in search of additional resources for the Iraqi government decided to impose duties and taxes on the import of cars of all types, according to their specifications. The Iraqi government said in a draft decision on the regulation of registration of imported vehicles process for the first time and re - recorded it decided to impose a flat fee restricts the public treasury's account.

According to a draft resolution obtained "Elaf", a copy of the "duties set depending on the vehicle type (car) where imposed on all cars manufactured types by the General Company for the auto industry $ 500 thousand dinars, and the armored car imports, which are defined in the draft decision to (armored), amounting to six million dinars. "

According to the Council of Ministers resolution imposed duties on imported saloon (4 cylinders) the amount of two million dinars, and the saloon (6 cylinder) the amount of three million dinars, and the SUV (6-cylinder) four million dinars, and the SUV (8 cylinders ) the amount of five million dinars, and the SUV (4 cylinders) the amount of three million dinars.

As for the cars pregnancy general, automotive and passenger transport was the decision referred to the imposition of duties on cars download (1-16 tons) in the amount of two million dinars, and the car (Salon Taxi) the amount of two million dinars, and the buses transport passengers (12 passengers or less) the amount of two million five hundred thousand dinars, and on buses transport passengers (12 passengers and above) the amount of five hundred thousand dinars. With fees imposed on trucks and heavy equipment, and construction and agricultural vehicles in the amount of five hundred thousand dinars.

And imposed on the registration of all types of cars manufactured by the General Company for the automotive industry in Iraq in the amount of five hundred thousand dinars fees. He stressed the Iraqi Council of Ministers in the new decision to cancel all the decisions that are contrary to the provisions of this resolution with the exception of imported vehicles for people with special needs, and vehicles imported for the use of police and military operations.

And it gave the three-month deadline for re-registration of vehicles in the traffic circles of the owners and holders who live in provinces that are not organized in a region, and otherwise the reservation is on the vehicle and detained.

Talk about open Trebil crossing 
Iraq is the new modern market and used vehicles and imported head of the Gulf Arab markets, the UAE, Kuwait and private, in addition to Jordan. It had decreased the size of the export of cars from the Jordanian Free Zone, to the Iraqi markets during the first two months of this year by 67%, compared to five years earlier, as seen in 2011 base year.

The number of cars exported from the free zone, to overseas markets during the months of January (January) and February of this year, 5856 vehicles, compared with 17,842 cars were exported in 2011.

And the varying number of exporting cars from the Jordanian Free Zone, during the past five years, reaching in 2012 about 25,625 vehicles, while decreased in 2013 to 17,367 cars, and then also fell to 16,744 vehicles in 2014, while also dropped in 2015 to 10,980 vehicles.

The renewed talk about the importance of open Trebil border crossing between Iraq and Jordan, and was the focus of a meeting Iraq's ambassador in Jordan, Safiya al-Suhail with the Minister of Industry, Trade and Supply Jordanian engineer Maha Ali, where he confirmed Suhail during the meeting that the Iraqi government attaches great importance to re-open the Trebil border crossing, given the strategic importance Iraqi and Jordanian sides. She said that "the closure of the crossing came for security reasons, and that our government is considering to find alternative ways within the territory of Iraq to ensure the flow of traffic.
"

[yota691]

Central Bank raises treasury bonds worth $ 1.2 billion

History of edits:: 03/10/2016 21:26 • 133 visits readable

[Oan- Baghdad] the 
Iraqi Central Bank announced that it intends to sell $ 1.5 trillion dinars [$ 1.27 billion of government bonds for two years as part of efforts to bridge the budget deficit resulting from the erosion of oil prices and the costs of the war against al Daash.

A media relations official at the central bank captivating Jabbar The version will be the first launch of its kind to go public since 2003, the first tranche of a plan to sell worth five trillion dinars bonds announced in January. 
Iraq has already issued treasury bills to local banks and has a Eurobond List . the 
bank said in an emailed statement that the new version an interest rate of six percent will be sold to the public and local banks in the period from March 15 to April 15 April.

[Officiallytook]

Boom...

[Calijim1]

Hey here's a crazy idea. Why don't you build a car factory in Iraq?

[BJinMontreal]

Now imagine it being said by Sheldon

from TBBT...

How about Amy instead ... to Raj.

 

Raj: I don't have (Valentine's) plans, which is why I booked time on the big telescope that night.

Amy: An evening looking at the stars, that's still kinda romantic.

Raj: Except I'd be alone.

Amy: I'm trying to put lipstick on a pig here. Work with me.

[yota691]

Hey here's a crazy idea. Why don't you build a car factory in Iraq?

They do along with a Truck factory....and GM  DV

Industry opens assemble Volvo trucks in Babylon factory 3000 truck card annually

Read more: http://dinarvets.com/forums/index.php?/topic/215194-industry-opens-assemble-volvo-trucks-in-babylon-factory-3000-truck-card-annually/#ixzz42b3P5RAY

[Synopsis]

Good Morning, Yota, Thank You for the Great Articles!

[SgtFuryUSCZ]

***///

 

Volvo Trucks...?   But will the evil da'esh love them as much as Toyotas & Nissans... 

[yota691]

and Ford with a link and Kia..

.Company (Ford) announces the opening of a branch in Baghdad and double its sales in the Iraqi market

 

Read more: http://dinarvets.com/forums/index.php?/topic/176025-company-ford-announces-the-opening-of-a-branch-in-baghdad-and-double-its-sales-in-the-iraqi-market/#ixzz42b4gJTU2

GM ladies...

Baghdad put the first bond placement since the overthrow of Saddam Hussein

 

Date of publication: 11/03/2016 | 12:12 are GMT 

 

Rudaw

Central Bank of Iraq branch of Basra

 

CBI plans to sell bonds worth 1.5 trillion Iraqi dinars ($ 1.27 billion) for two years and then fill gaps left by tumbling oil prices and the costs of the war against al "Daash" terrorist.

He said Acer's mighty relations official media of the Central Bank said that the release will be the first launch of its kind to go public since 2003, when the ousted regime of Saddam Hussein, a first tranche of a plan to sell bonds worth 5 trillion dinars announced in the month of January last.

CBI said in a statement e-mailed The new version interest rate of 6% will be sold to the public and local banks in the period of March 15 / April 15 to March / April.

(Dollar = 1178 Iraqi dinars)

Source: "Reuters"   

[SgtFuryUSCZ]

***///

 

Thanks, YerYOTAness...

now the evil da'esh won't have to use old trucks traded-in by plumbers in Texas.

[yota691]

Parliamentary Finance: bond sale will provide revenue of $ 1.5 trillion dinars state

03/13/2016

 
 
BAGHDAD / JD / .. the parliamentary finance committee confirmed that the sale of securities by the central bank will provide revenue for the state worth a trillion and a half trillion of the state, with citizens invited to buy those bonds because the interest is estimated at 6% per annum ratio.
A member of the committee MP Masood Haider told / KD /: The draft budget for 2016 included the paragraphs of the law obliging the government and the central bank sells domestic and foreign bonds in order to provide revenue for the state to meet the real deficit.
He added that the central bank stood ready to sell bonds worth a trillion and a half trillion dinars interest rate is 6% per annum, and the highest support will be a million and a half million dinars, adding that there are checks and instructions and assurances concerning the bond sale process, calling on all citizens to various segments to buy these bonds. / End / 8 /