Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Deputy attributed the deterioration of investment rates to corruption and currency smuggling


yota691
 Share

Recommended Posts

 
Thursday 17 January
 
 
Search Bigger
 
 

Alsumaria News / Baghdad, a source in the parliamentary Finance Committee, on Thursday, the Commission 'sintention to open an auction sale currency file, while noting that it would take several measures to reduce the sale of hard currency. 

The source said in an interview with Alsumaria News, "The Finance Committee will work in the next few days to open the file auction currency to legalize the waste in the sale of hard currency, which is conducted at the Central Bank," noting that "it is unfair that the bank sold more than 300 million Dollars per day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "

 

 


The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets," noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. " 

The Central Bank is holding daily sessions for the sale and purchase of foreign currencies, except for official holidays which the bank stops these auctions.

  • Like 1
  • Thanks 4
  • Upvote 8
Link to comment
Share on other sites

5308.jpg?width=750&&height=375&watermark=2

 
2019/01/17 14:04
  • Number of readings 1
  • Section: Iraq
  •  

Parliamentary Finance intends to reduce the sale of hard currency and open the auction file

 

 

Baghdad / obelisk: tobacco

 

 
Link to comment
Share on other sites

 

 

image.php?token=2d3f29764f0886e05bd3ae1f60e40235&size=

Parliament is considering reducing the amount of the dollar auction in the Central Bank of Iraq
 

Number of readings: 2509 17-01-2019 01:39

17-01-2019 01:39 PM

Parliamentary sources revealed on Thursday, the intention of the House of Representatives to open the file auction sale of hard work supervised by the Central Bank of Iraq, the existence of cases of waste in large hard currency in this file.

The sources said  to (Tigris)  , that 'the Finance Committee seeks to legalize the waste in the sale of hard currency through the introduction of the Central Bank for more than 300 million dollars a day for sale without that reflected on the services and imports of customs and taxes, which caused great damage to the Iraqi economy and its inputs from During which are compensated the budgets of the state ', 

Noting that 'the Finance Committee is considering the option of reducing the amount of daily deliberation from $ 300 million to $ 100 million and to impose strict control on auction participants to prevent the great waste of hard work'. 

  • Thanks 5
  • Upvote 6
Link to comment
Share on other sites

Good Morning nanna and all of DV! ❤️

 

 

117152.jpg?width=750&&height=375

 
2019/01/17 14:04
  • Number of readings 15
  • Section: Iraq
  •  

Parliamentary Finance intends to reduce the sale of hard currency and open the auction file

A source in the Finance Committee of the parliamentary, Thursday, January 17, 2019, expressed the Commission's intention to open the file auction sale of currency, while noting that it will take several measures to reduce the sale of hard currency.

The source said in an interview received for the "obelisk" that "the Finance Committee will work in the next few days to open the file auction currency in order to codify the waste in the sale of hard currency, which is taking place in the Central Bank," noting that "it is unfair that the bank sell more than 300 million dollars a day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "

The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets," noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. "

It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.

Follow the obelisk

 

 
Link to comment
Share on other sites

So, it's taken them THIS LONG to realize the currency auctions are causing damage to the economy and the money is vaporizing, instead of buying services, products, infrastructure like it was intended ??  Guessed they've skimmed all the USD they could. Now it's time for a change. Yet they haven't prosecuted previous leadership for all their graft. Fools.

                    ;)

  • Upvote 8
Link to comment
Share on other sites

1 hour ago, 10 YEARS LATER said:

Anyone have the current Iraqi definitions for “ Intends “ & “ Urgent “ ??

in a while. Also, after a while . After a period of time, usually a moderately short time. For example, Go ahead, I'll be along in a while , or After a while we turned off the television and went for a walk . 

  • Thanks 1
  • Haha 2
Link to comment
Share on other sites

When the government tries to control or decrease the amount of money sold in the auction, the market rate will go out of the 2% compliance on the spread.   The only way to decrease the amounts at the auction and stay in compliance would be to move from IMF Article XIV into VIII and make the Dinar internationally traded.  That gives way for less need for a hard currency.  

 

  • Like 2
  • Thanks 3
  • Upvote 8
Link to comment
Share on other sites

30 minutes ago, mr.unlikely said:

10 it reads as soon and in the coming days, which means I don’t know, maybe never.

 

Okay .... I like it ! Now that we have that locked in.... “ Suddenly, in the coming days the intentions will soon be recognized as to become urgently required that in the near future we will be notified as such that it may be announced ( Camel Balls ), that whatever it was we are talking about the arrival would be henceforth just around the corner. “

 

Sorry, translates it dodgy. However, Ivthink its time we hold our breath - NOT. 

  • Haha 5
Link to comment
Share on other sites

4 hours ago, 10 YEARS LATER said:

Anyone have the current Iraqi definitions for “ Intends “ & “ Urgent “ ??

I look at “Intends” and. “Urgent” and the first thing that comes to mind as a definition is “Same **** different day”.

But being refined in speech  I may think it but never voice it.. 😊

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

5 hours ago, 10 YEARS LATER said:

Anyone have the current Iraqi definitions for “ Intends “ & “ Urgent “ ??

Intends - something that we thought about doing but we will get to it soon 

Urgent - while you think it might be like the urgency when doing the pee pee dance, it really means that it has crossed our minds we will get to it sooner than intends but later than sometime.

 

In all cases, they intend to do something soon with an urgency of doing it soon.

Edited by Theseus
  • Haha 3
Link to comment
Share on other sites

Brill

19 minutes ago, Theseus said:

Intends - something that we thought about doing but we will get to it soon 

Urgent - while you think it might be like the urgency when doing the pee pee dance, it really means that it has crossed our minds we will get to it sooner than intends but later than sometime.

 

In all cases, they intend to do something soon with an urgency of doing it soon.

 

 

Great stuff right there .... thank you Theseus, you wrapped that up with ribbon & a bow. :salute:

Link to comment
Share on other sites

  • yota691 changed the title to Deputy attributed the deterioration of investment rates to corruption and currency smuggling

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.