yota691 Posted February 10, 2019 Report Share Posted February 10, 2019 Reduction of letter of guarantee, supervision fees, follow-up and final audit fees February 10, 2019 To the companies that mediate the sale and purchase of all foreign currencies ( amam ) ... To view click here 2 Quote Link to comment Share on other sites More sharing options...
tennesseem Posted February 10, 2019 Report Share Posted February 10, 2019 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 10, 2019 Author Report Share Posted February 10, 2019 The central bank reduces the letter of guarantee and wages of supervision and follow-up Central Bank of Iraq Banks Economy News Baghdad The Central Bank of Iraq announced on Sunday the reduction of the letter of guarantee and wages of supervision and follow-up of companies to mediate the sale and purchase of foreign currencies. "Based on the decision of the bank's board of directors, it was decided to reduce the guarantee letter provided by the brokerage companies to buy and sell foreign currencies to become 10% of the company's capital instead of 50% and the amount of the guarantee 50 million dinars," the bank said in a statement. Instead of 100 million dinars. " The bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars." Views 65 Date Added 02/10/2019 6 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 10, 2019 Author Report Share Posted February 10, 2019 The Central Bank reduces the letter of guarantee and supervision fees and follow-up Written by: saadin:February 10, 2019 Nour News / Baghdad The Central Bank of Iraq decided to reduce the proportion of the letter of guarantee and wages of supervision and follow-up of companies to mediate the sale and purchase of foreign currencies. The bank said in a statement received by Al-Nour News, that "based on the decision of the Board of Directors of the Central Bank, it was decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars. " He pointed out "the reduction of fees of supervision and follow-up to 500 thousand dinars instead of one million dinars, and reduce the fees audit final accounts to 250 thousand dinars instead of 500 thousand dinars." 1 6 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 10, 2019 Author Report Share Posted February 10, 2019 The Central Bank of Iraq reduces the proportion of the letter of guarantee for companies to mediate the sale and purchase of foreign currencies Sunday, 1440/6/5 H corresponding to 2019/02/10 SPA Baghdad, 05 Jumada II 1440 H corresponding to 10 February 2019 SPA The Central Bank of Iraq reduced the letter of guarantee for companies to mediate the sale and purchase of foreign currency to become 10% of its capital, instead of 50%. In a decision issued by its board of directors, it also reduced the amount of insurance to 50 million Iraqi dinars, instead of 100 million dinars, and reduce supervision fees and follow up to 500 thousand dinars, instead of one million dinars, as well as reduce the wages of the final audit to 250 thousand dinars instead of 500 thousand Dinar. // // ended 13:50 ITM 0078 www.spa.gov.sa/1883871 3 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 10, 2019 Author Report Share Posted February 10, 2019 The Central Bank announces the reduction of the letter of guarantee and fees of supervision and follow-up Sunday, February 10 Baghdad - The Central Bank of Iraq (CBE) on Sunday announced a reduction in the ratio of letters of guarantee and supervision fees to companies that mediate the sale and purchase of foreign currencies. The bank said in a statement received by Alsumaria News that "based on the decision of the Board of Directors of the bank, it was decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars. " The bank added that "the fees of supervision and follow-up has also been reduced to 500 thousand dinars instead of one million dinars, and the final audit fees have been reduced to 250 thousand dinars instead of 500 thousand dinars." The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies. 2 7 Quote Link to comment Share on other sites More sharing options...
YukonJohn Posted February 10, 2019 Report Share Posted February 10, 2019 Morning Yota, this sounds really good! Thanks for all the Articles this morning. You are much appreciated. YJ 2 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 10, 2019 Author Report Share Posted February 10, 2019 1 minute ago, YukonJohn said: Morning Good Morning to you YukonJohn and all of DV...Have a Bless Day everyone 3 1 6 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted February 10, 2019 Report Share Posted February 10, 2019 2 hours ago, yota691 said: Reduction of letter of guarantee, supervision fees, follow-up and final audit fees final audit sounds good! 3 1 4 Quote Link to comment Share on other sites More sharing options...
navira Posted February 10, 2019 Report Share Posted February 10, 2019 From a 1mill dinars fee to a final fee of 250,000 dinars. Good news 6 Quote Link to comment Share on other sites More sharing options...
Popular Post navira Posted February 10, 2019 Popular Post Report Share Posted February 10, 2019 Notice how this reduction of fees come out before the tax deadline(feb17). Something is up. By the way, I thought I saw a news that some ports, if not all ports, are gearing up before the tariffs deadline on Feb 17. The flood gates are open guys. Let's go rv. Cheers all. 3 19 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted February 10, 2019 Popular Post Report Share Posted February 10, 2019 Ask yourself this question; Why the CBI decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars? Why the CBI is making it easier for them to participate in the sale and purchase of foreign currencies? I believe if because the dinar will become international trade currency and it will be an excessive amount of currency exchange. Also the new agreement between iraq and Iran to use the dinar to conduct business will increase the demand for dinars and drive the value up. Its coming. Go CBI Go international Go $1:1 Go 2019 3 7 19 Quote Link to comment Share on other sites More sharing options...
wealthhound Posted February 10, 2019 Report Share Posted February 10, 2019 Always enjoy your posts LB! Thank you! WH. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 11, 2019 Report Share Posted February 11, 2019 20 hours ago, wealthhound said: Always enjoy your posts LB! Thank you! WH. You’re welcome my friend 👍🏽😊 1 1 Quote Link to comment Share on other sites More sharing options...
olivesman Posted February 11, 2019 Report Share Posted February 11, 2019 20 hours ago, wealthhound said: Always enjoy your posts LB! Thank you! WH. DITTO! 2 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 11, 2019 Report Share Posted February 11, 2019 14 minutes ago, olivesman said: DITTO! Thank you my friend 🙏🏼😊 1 2 Quote Link to comment Share on other sites More sharing options...
olivesman Posted February 11, 2019 Report Share Posted February 11, 2019 6 hours ago, Laid Back said: Thank you my friend 🙏🏼😊 Most welcome. 1 1 Quote Link to comment Share on other sites More sharing options...
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