Al-Sudani's office concerns with 14 decisions to counter the rise in the exchange rate

[yota691]

In The Presence Of Al-Sudani, The Leaders Of The Framework Will Hold A Meeting To Discuss The Rise In The Price Of The Dollar

01/22/2023

2369

The leaders of the coordination framework will hold a meeting shortly in the office of the leader of the Al-Fateh Alliance, Hadi Al-Amiri, in the presence of Prime Minister Muhammad Shia Al-Sudani, to discuss a number of political, as well as economic, files related to the rise in the exchange rate of the dollar.

[6ly410]

Source: A meeting of the leaders of the framework in the presence of Sudanese in the coming hours

Source: A meeting of the leaders of the framework in the presence of Sudanese in the coming hours » Baghdad Today News Agency

| Policy Today, 17:47 | 

    

 

Baghdad Today-Baghdad

An informed source revealed, on Sunday evening, an "important" meeting will be held between the leaders of the coordination framework at the house of the leader of the Fatah Alliance, Hadi Al-Amiri, in the presence of Prime Minister Mohammed Shia Al-Sudani.

The source told Baghdad Today that "in the next few hours, the leaders of the coordination framework will hold an important meeting at the house of the leader of the Fatah Alliance, Hadi al-Amiri, and Prime Minister Mohammed Shia al-Sudani will be present for the meeting."

The source, who asked not to be named, said that "the meeting will focus on the issue of the crisis of the rise in the exchange rate of the dollar in the local market, as well as the file of the US presence in Iraq, in addition to discussing the file of provincial council elections as well as early parliamentary elections."

 

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Al-Sudani takes decisions to "control" the exchange rate and directs to reconsider the work of the Tax Authority

IQ News

Al-Sudani takes decisions to "control" the exchange rate and directs to reconsider the work of the Tax Authority

•  48 seconds ago
•  

Baghdad - IQ

Prime Minister Mohammed Shia Al-Sudani meets with the Federation of Iraqi Chambers of Commerce to discuss treatments for the fluctuation of the exchange rate of the foreign
currency•••�





The meeting was attended by the Governor of the Central Bank of Iraq, and the directors general of border crossings, tax, customs, and trade fairs.


Based on the directives of the Prime Minister, and what was raised in the meeting, several decisions were taken in the path of stabilizing the exchange rate, preventing manipulation, and reducing damage to the wheel of the national economy, most notably:


1- Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).


2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.


3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).


4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.


5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.


6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.


7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.


During the meeting, the Prime Minister explained that the responsibility to confront fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to them, whether in the private or public sector.


As part of his directives to reduce the financial, administrative and routine burdens on citizens, Al-Sudani stressed the need to review the work of the General Tax Authority, and that its work should be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.


Al-Sudani expressed the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years.


•••••Prime
Minister's
Media Office 22-Jan-2023

[6ly410]

Al-Sudani chairs a meeting to address exchange rate fluctuations and directs 7 measures

 

| Policy Today, 19:21 | 

Sudanese chairs a meeting to address exchange rate fluctuations and directs 7 measures » Baghdad Today News Agency

    

 

 

Baghdad Today -

 

Prime Minister Mohammed Shia Al-Sudani meets with the Federation of Iraqi Chambers of Commerce to discuss treatments for the fluctuation of the exchange rate of the foreign currency

••••••••••

 

Prime Minister Mohammed Shia Al-Sudani chaired, on Sunday, a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of foreign currency exchange rate fluctuations in the Iraqi market and their impact on citizens, and developing decisive treatments in this regard.

 

The meeting was attended by the Governor of the Central Bank of Iraq, and the general directors of border crossings, tax, customs, and trade fairs.

 

Based on the directives of the Prime Minister, and what was presented at the meeting, several decisions were taken in line with the path of fixing the exchange rate, preventing manipulation, and limiting damage to the national economy, most notably:

 

1- Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).

 

2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.

 

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).

 

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.

 

5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.

 

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.

 

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.

 

During the meeting, the Prime Minister explained that the responsibility to confront fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to them, whether in the private or public sector.

 

Within the framework of his directives to reduce the financial, administrative and routine burdens on citizens, Mr. Al-Sudani stressed the need to review the work of the General Tax Authority, and that its work should be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.

 

Mr. Al-Sudani expressed the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years.

 

•••••

Prime Minister's Media Office

22-Jan-2023

[6ly410]

Government Takes 7 Decisive Decisions to Tackle Dollar Rate

•  Time : 2023/01/22 19:23:27
•  
•  Al-Sudani discusses treatments for foreign currency exchange rate volatility - Al-Furat News (alforatnews.iq)

  

 

Prime Minister Mr. Mohammed Shia
••••••

Prime Minister Mohammed Shia Al-Sudani chaired, on Sunday, a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of foreign currency exchange rate fluctuations in the Iraqi market and their impact on citizens, and developing decisive treatments in this regard.

The meeting was attended by the Governor of the Central Bank of Iraq, and the general directors of border crossings, tax, customs, and trade fairs.

Based on the directives of the Prime Minister, and what was presented at the meeting, several decisions were taken in line with the path of fixing the exchange rate, preventing manipulation, and limiting damage to the national economy, most notably:

1- Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).

2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.

5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.

During the meeting, the Prime Minister explained that the responsibility to confront fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to them, whether in the private or public sector.

Within the framework of his directives to reduce the financial, administrative and routine burdens on citizens, Mr. Al-Sudani stressed the need to review the work of the General Tax Authority, and that its work should be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.

Mr. Al-Sudani expressed the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years.

•••• Prime Minister's
Media
Office 22-Jan-2023

[6ly410]

The coordination framework will hold a meeting to discuss the rise in the dollar exchange rate in the presence of the Sudanese https://

[6ly410]

During his meeting with the Federation of Chambers of Commerce, the Sudanese stresses the reconsideration of the work of the General Authority for Taxes

Sunday 22 January 2023 19:30 | politicalNumber of readings: 22

During his meeting with the Federation of Chambers of Commerce .. Al-Sudani stresses the reconsideration of the work of the General Tax Authority (ninanews-com.translate.goog)

Baghdad /Nina/ Prime Minister Mohammed Shia al-Sudanese chaired, on Sunday, a meeting of the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and their impact on citizens, and the development of decisive treatments in this regard. The meeting was attended by the Governor of the Central Bank of Iraq, and the directors general of border crossings, tax, customs, and trade fairs.

Based on the directives of the Prime Minister, and what was raised in the meeting, several decisions were taken in the path of stabilizing the exchange rate, preventing manipulation, and reducing damage to the wheel of the national economy, most notably:
1- Opening a new window for selling foreign currency to small traders through the Iraqi Trade Bank (TBI).
2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies , duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).
4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.
5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.
7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.
The Prime Minister explained during the meeting that "the responsibility to face fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to it, whether in the private or public sector."

Al-Sudanese stressed the importance of reconsidering the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and law.
He stressed that "the government will not tolerate any harm that the citizen is a victim of."
Al-Sudani also stressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and decline caused by the wrong decisions in previous years."

[6ly410]

7 decisions to control the exchange rates of the dollar in Iraq

economy

Ultra Iraq

7 decisions to control the exchange rates of the dollar in Iraq (ultrasawt.com)

22-Jan-2023

 

 

Ultra Iraq - Editorial Team

Prime Minister Mohammed Shia al-Sudani chaired, on Sunday, a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and their impact on citizens, and the development of "decisive treatments" in this regard.

The meeting was attended by the governor of the Central Bank of Iraq and the directors general of border crossings, tax, customs, and trade fairs, according to a statement by the Sudanese office.

The meeting, based on Sudani's directives, resulted in several decisions aimed at "stabilizing the exchange rate, preventing manipulation, and limiting damage to the national economy", most notably:

1. Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).
2. The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of US$ 500 million for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.
3. Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds duly licensed by investment bodies, duly registered scientific offices and individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).
4. Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular imposing late fines on importers and other taxpayers of the General Tax Authority.
5. Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.
6. This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.
7. Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.

During the meeting, Al-Sudani explained that "the responsibility to face fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to it, whether in the private or public sector."

Al-Sudani stressed "reconsidering the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of."

Al-Sudani expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years."

 

Read also:

[6ly410]

Sudani takes new decisions to control the rise in the dollar exchange rate

Al-Eqtesadat News Agency - Al-Sudani takes new decisions to control the rise in the dollar exchange rate (economy-news.net)

   

 

---

Economy News / Baghdad

Prime Minister Mohamed Shia Al-Sudani issued a number of new decisions on Sunday in the framework of controlling the rise in the dollar exchange rate.

"Prime Minister Mohamed Shia al-Sudani held a meeting with the Federation of Iraqi Chambers of Commerce to discuss the causes of foreign currency exchange rate fluctuations in the Iraqi market and their impact on citizens, and to develop decisive treatments in this regard," Sudani's office said in a statement.

He added that "based on the directives of the Prime Minister, and what was raised in the meeting, several decisions were taken in the path of fixing the exchange rate, preventing manipulation, and limiting damage to the wheel of the national economy."

The decisions included "opening a new window for the sale of foreign currency to small traders through the Trade Bank of Iraq (TBI) and the Central Bank's financing of the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit."

The meeting decided to "launch the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not)."

The decisions included "facilitating import procedures, reducing the requirements for opening documentary credits, canceling the General Tax Authority's circular to impose delay fines on importers and other taxpayers of the General Tax Authority, and involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector."

The statement pointed out that "the meeting will be held weekly, and follow up on developments and the implementation of decisions and add the above-mentioned bodies to attend the meeting, and add the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority and Al-Rafidain and Al-Rasheed Banks."

The Prime Minister explained during the meeting that "the responsibility to face fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to it, whether in the private or public sector."

Within the framework of the directives to reduce the financial, administrative and routine burdens on citizens, Al-Sudani stressed "reconsidering the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and the law," stressing that "the government will not tolerate any harm that the citizen is a victim of."

Al-Sudani expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years."

---

4 views

Added 2023/01/22 - 7:36 PM

Update 2023/01/22 - 7:38 PM

---

 

[6ly410]

Serious measures'

Outcomes of the special meeting to confront the dollar crisis chaired by Sudanese

2023.01.22 - 19:34

 

  

Baghdad - Nas  

Prime Minister Mohammed Shia al-Sudani chaired, on Sunday, a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and their impact on citizens, and to develop decisive treatments in this regard.  

 

  

  

The meeting was attended by the Governor of the Central Bank of Iraq, and the general directors of border crossings, tax, customs, and trade fairs.  

  

Based on the directives of the Prime Minister, and what was presented at the meeting, several decisions were taken in line with the path of fixing the exchange rate, preventing manipulation, and limiting damage to the national economy, most notably:  

  

1- Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).  

  

2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.  

  

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).  

  

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.  

  

5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.  

  

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.  

  

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.  

  

During the meeting, the Prime Minister explained that the responsibility to confront fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to them, whether in the private or public sector.  

  

Within the framework of his directives to reduce the financial, administrative and routine burdens on citizens, Mr. Al-Sudani stressed the need to review the work of the General Tax Authority, and that its work should be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.  

  

Mr. Al-Sudani expressed the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years.  

  

[6ly410]

Iraq takes seven urgent decisions to "tackle" the dollar rate

2023-01-22 09:22

Iraq takes seven urgent decisions to "tackle" the dollar rate (shafaq.com)

 

Shafaq News / Prime Minister Mohammed Shia Al-Sudani announced on Sunday seven urgent decisions to "address" the exchange rate of the US dollar against the local currency, during his meeting with the Federation of Iraqi Chambers of Commerce to discuss treatments for the fluctuation of the exchange rate of foreign currency.

 

 

 

The media office of the Sudanese, in a statement received by the Shafaq News Agency, that the latter chaired, today, a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discuss the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and the development of decisive treatments in this regard.

The meeting was attended by the governor of the Central Bank of Iraq, and the general directors of border crossings, tax, customs, and trade fairs.

The statement pointed out that based on the directives of Al-Sudani, and what was raised in the meeting, several decisions were taken in the path of stabilizing the exchange rate, preventing manipulation, and reducing damage to the wheel of the national economy, most notably:

1- Opening a new window for the sale of foreign currency to small traders through the Iraqi Trade Bank (TBI).

2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds, duly licensed by investment bodies, duly registered scientific offices, individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not).

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.

5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.

Al-Bain quoted the Prime Minister during the meeting as saying that the responsibility to face fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to them, whether in the private or public sector.

Within the framework of his directives, to reduce the financial, administrative and routine burdens on citizens, according to the statement, Al-Sudani stressed the need to review the work of the General Tax Authority, and that its work should be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.

Al-Sudani also stressed the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and decline caused by the wrong decisions in previous years.

Since November 2022, the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual rise to reach its highest levels in recent days, as it exceeded the barrier of 165,000 dinars per 100 dollars.

On Saturday, a force from the economic security raided the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, looking for trading gangs by raising the price of the currency and monopoly.

[6ly410]

Prime Minister issues several decisions to stabilize the exchange rate and prevent manipulation

 Political 

•  Today, 19:20

 

Baghdad - Prime
Minister Mohammed Shia Al-Sudani issued on Sunday several decisions to stabilize the exchange rate and prevent manipulation.

The Media Office of the Prime Minister said in a statement received by the Iraqi News Agency (INA), that "Prime Minister Muhammad Shia al-Sudani, chaired a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and the development of decisive treatments in this regard," pointing out that "the meeting was attended by the Governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."
He added, "Based on the directives of the Prime Minister, and what was raised at the meeting, several decisions were taken in the path of stabilizing the exchange rate, preventing manipulation, and reducing damage to the wheel of the national economy, most notably:

1- Opening a new window for selling foreign currency to small traders through the Iraqi Trade Bank (TBI).

2- The Central Bank financed the Trade Bank of Iraq (TBI) with an additional amount of 500 million US dollars for the purpose of opening documentary credits for small traders, and sufficiency with the proforma invoice and the account number of the last beneficiary of the credit.

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Commerce in all types of companies and factories registered with the Directorate General of Industrial Development and Investment Projects of all kinds duly licensed by investment commissions, duly registered scientific offices and individuals and offices registered with the Iraqi Chambers of Commerce (covered by the import license condition or not included).

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the General Tax Authority's circular to impose late fines on importers and other taxpayers of the General Tax Authority.

5- Involving chambers of commerce and the Federation of Industries in the sessions of the Ministerial Council of Economy, representatives of the private sector.

6- This meeting is held weekly, following up on developments, implementing decisions and adding the above-mentioned parties to attend the meeting.

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and Al-Rafidain and Al-Rasheed Banks.

The Prime Minister explained during the meeting, according to the statement, that "the responsibility to face fluctuations in the local market is a joint responsibility, with a moral and national dimension, and it is imperative for everyone to respond to it, whether in the private or public sector."

Within the framework of Sudani's directives to reduce the financial, administrative and routine burdens on citizens, he stressed "reconsidering the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and the law," stressing that "the government will not tolerate any harm that the citizen is a victim of."
He expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years."

 

[6ly410]

Prime Minister #محمد_شياع_السوداني meets with the Iraqi #الغرف_التجارية Union to discuss treatments for the volatility of #سعر_الصرف of foreign currency

[6ly410]

Within the framework of His Excellency's directives to reduce the financial, administrative and routine burdens on citizens ... Prime Minister

@mohamedshia

Stresses the need to review the work of the General Tax Authority, and that its work is in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen is a victim of.

[6ly410]

Prime Minister

@mohamedshia

Confirms the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years.

[6ly410]

Sudan i will make some decisions to raise the value of dinar

13 minutes ago

 

IRAQ

Eve

Digital Event

 

To raise the value of the Iraqi dinar against the US dollar, the prime minister will make a number of decisions. One of them is opening the new door to selling dollars to small merchants, through the Iraqi Commercial Bank.

 

Today, Sunday, 22-1-2023, Muhammad Shia Sudani, the prime minister of Iraq, chaired a meeting with the Iraqi Chamber of Commerce, which is special. It was the reason for changing the price of foreign currency in Iraqi markets and the influence of citizens and setting a solution for this problem. The meeting was attended by the governor of the Central Bank of Iraq, the director-general of the border crossings, taxes, customs and trade exhibitions.

 

According to the prime minister's office, on the recommendations of the prime minister, some decisions were made at the meeting that "in the interest of stabilizing the price of currency exchange and not allowing them to play and set a limit on the harms of the national economy", the most important decisions were as follows:

 

- Opening a new way to sell foreign currency to small merchants, through the Iraqi Commercial Bank (TBI).

 

- The Central Bank of Iraq will provide more than 500 million US dollars to the Iraqi Commercial Bank (TBI) in order to rely on a register for small merchants, only through initial receipts and the opening of a number of accounts by those who benefit from this dependence.

 

- Starting the import ation of the company's companies by the company registration office of the federal ministry of commerce with all kinds of companies and registered businesses by the general manager of industrial development and production projects with all kinds of companies that have

permission - Facilitating the import procedures and decreasing the request for reliance on the register and discarding the generalization of the general committee of taxes special to the application of the purchase of delays on the importers and all those assigned by the general tax commission.

- The presence of chambers of commerce, the union of industries and private sector representatives in the meetings of the Economic Ministerial Council.

- This weekly meeting will be held. It will follow up on the progress and implementation of the decisions, with monitoring the presence of the above parties mentioned in the meetings.

- The land registration office, the company's record, the development of industry, the investment board, rafidain bank, and rashid bank will attend this meeting of the economic ministerial council.

Sudani explained at the meeting that "facing changes in the local market is an ethical and national responsibility. "They should come to everyone with their voices, whether it's in the private sector or the public sector."

Sudan also stressed that "reviewing the work of the general tax body, which should be in accordance with the standards of integrity and law", to minimise the financial, administrative and routine burdens on citizens.

"The government does not allow any harm to civilians," Sudan said, according to the statement.

[NEPatriotsFan1]

Digital event? Hmm 🤔 will be interesting to see how all this plays out 

[6ly410]

Prime Minister

@mohamedshia

He chairs a meeting with the Federation of Iraqi Chambers of Commerce, devoted to discussing the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and their impact on citizens, and developing decisive remedies in this regard.

[NMP2017]

Any particular reason the CBI doesn't allow every citizen to withdraw a limited amount of USD and not just those traveling?

 

I know I used to be able to get USD at any bank in Canada when I lived there and didn't need a reason...

[NEPatriotsFan1]

21 minutes ago, NMP2017 said:

Any particular reason the CBI doesn't allow every citizen to withdraw a limited amount of USD and not just those traveling?

 

I know I used to be able to get USD at any bank in Canada when I lived there and didn't need a reason...

My guess is Anti Money Laundering and the desire to curb USD being smuggled into Iran. 

[horsesoldier]

I love a great and well manufactured Iraqi crisis, don't you !

[screwball]

4 hours ago, NMP2017 said:

Any particular reason the CBI doesn't allow every citizen to withdraw a limited amount of USD and not just those traveling?

 

I know I used to be able to get USD at any bank in Canada when I lived there and didn't need a reason...

no need for USD in iraq now unless travelling.....cash USD only head over the border to iran...

[yota691]

'serious measures'

The outputs of the special meeting to confront the dollar crisis, headed by Al-Sudani

2023.01.22 - 19:34

 

Baghdad - Nas  

On Sunday, Prime Minister Muhammad Shia al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce, which was devoted to discussing the causes of foreign currency exchange rate fluctuations in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard.  

  

 

  

  

The meeting was attended, according to a statement by Al-Sudani's media office, of which "NAS" received a copy (January 22, 2023), "the governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."  

  

Based on Al-Sudani’s directives, and what was presented at the meeting, several decisions were taken to stabilize the exchange rate, prevent manipulation, and limit damage to the national economy, most notably:  

  

1- Opening a new window for selling foreign currency to small traders through the Trade Bank of Iraq (TBI).  

  

2- Financing the Central Bank of the Trade Bank of Iraq (TBI) with an additional amount of $500 million for the purpose of opening documentary credits for small merchants, and being satisfied with the initial invoice and the account number of the last beneficiary of the credit.  

  

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Trade of all types of companies and factories registered with the General Directorate of Industrial Development and investment projects of all kinds duly licensed by investment commissions, scientific offices duly registered, individuals and offices registered with the Iraqi Chambers of Commerce (included with the condition import license or not included).  

  

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the notification of the General Authority for Taxes to impose delay fines on importers and the rest of those charged with the General Authority for Taxes.  

  

5- Involving the Chambers of Commerce and the Federation of Industries in the sessions of the Ministerial Council for the Economy, representing the private sector.  

  

6- This meeting is held on a weekly basis, following up developments, implementation of decisions, and adding the aforementioned bodies to attend the meeting.  

  

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and the Rafidain and Rasheed Banks.  

  

During the meeting, the Prime Minister stated that "the responsibility for confronting fluctuations in the local market is a shared responsibility, with an ethical and national dimension, and everyone must respond to it, whether in the private or public sector."  

  

And within the framework of Al-Sudani's directives, "to reduce the financial, administrative and routine burdens on citizens, he stressed the need to reconsider the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen may be a victim of."  

  

Al-Sudani expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years."  

[yota691]

Referring the director of the Iraqi Trade Bank to retire and assigning his replacement

2023.01.23 - 09:11

 

  

Baghdad - Nas  

The Prime Minister, Muhammad Shia'a Al-Suadni, decided, on Monday, to refer the director of the Trade Bank of Iraq to retirement, while assigning Bilal Al-Hamdani to manage it in addition to his duties.  

  

  

  

The media office of the Prime Minister said, in a statement followed by "NAS" (January 23, 2023), that "Al-Sudani decided to refer the director of the Iraqi Trade Bank, Salem Jawad Al-Jalabi, to retirement."  

  

He added, "He assigned Bilal Al-Hamdani to manage the bank in addition to his duties."  

  

And the Prime Minister, Muhammad Shia al-Sudani, decided earlier today, Monday, to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, in what assigned Ali Mohsen Al-Alaq to run the central bank by proxy.    

  

A government source said, in a statement to the official agency, followed by "NAS", (January 23, 2023), that "Prime Minister Muhammad Shia' al-Sudani decided to relieve the governor of the Central Bank, Mustafa Ghaleb Makhaif, from his post, at his request."    

  

The source added, "The Prime Minister assigned Ali Mohsen Al-Alaq to run the Central Bank by proxy."    

  

Earlier, Prime Minister Muhammad Shia al-Sudani chaired a meeting with the Federation of Iraqi Chambers of Commerce, which was devoted to discussing the causes of exchange rate fluctuations of foreign currency in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard.  

  

The meeting was attended, according to a statement by Al-Sudani's media office, of which "NAS" received a copy (January 22, 2023), "the governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."    

  

Based on Al-Sudani’s directives, and what was presented at the meeting, several decisions were taken to stabilize the exchange rate, prevent manipulation, and limit damage to the national economy, most notably:    

  

1- Opening a new window for selling foreign currency to small traders through the Trade Bank of Iraq (TBI).    

  

2- Financing the Central Bank of the Trade Bank of Iraq (TBI) with an additional amount of $500 million for the purpose of opening documentary credits for small merchants, and being satisfied with the initial invoice and the account number of the last beneficiary of the credit.    

  

3- Launching the import of goods and merchandise for companies registered with the Companies Registration Department at the Federal Ministry of Trade of all types of companies and factories registered with the General Directorate of Industrial Development and investment projects of all kinds duly licensed by investment commissions, scientific offices duly registered, individuals and offices registered with the Iraqi Chambers of Commerce (included with the condition import license or not included).    

  

4- Facilitating import procedures, reducing the requirements for opening documentary credits, and canceling the notification of the General Authority for Taxes to impose delay fines on importers and the rest of those charged with the General Authority for Taxes.    

  

5- Involving the Chambers of Commerce and the Federation of Industries in the sessions of the Ministerial Council for the Economy, representing the private sector.    

  

6- This meeting is held on a weekly basis, following up developments, implementation of decisions, and adding the aforementioned bodies to attend the meeting.    

  

7- Adding the Real Estate Registration Department to this meeting, as well as the Registrar of Companies, Industrial Development, the Investment Authority, and the Rafidain and Rasheed Banks.    

  

During the meeting, the Prime Minister stated that "the responsibility for facing fluctuations in the local market is a shared responsibility, with an ethical and patriotic dimension, and everyone must respond to it, whether in the private or public sector."    

  

And within the framework of Al-Sudani's directives, "to reduce the financial, administrative and routine burdens on citizens, he stressed the need to reconsider the work of the General Tax Authority, and that its work be in accordance with the standards of integrity and the law, and stressed that the government will not tolerate any harm that the citizen may be a victim of."    

  

Al-Sudani expressed "the seriousness of government agencies in carrying out economic reforms and addressing the deterioration and regression caused by the wrong decisions in previous years."    

  

[yota691]

Al-Shammari: The government's decision towards the dollar is bold... and reveals a commitment to the new central bank governor

• Time: 01/23/2023 15:24:51
•  
• Read: 767 times

  

{Economic: Al Furat News} A member of the Political Bureau of the National Wisdom Movement, Fadi Al-Shammari, said that the Governor of the Central Bank of Iraq, the agency {Ali Al-Alaq} pledged to restore the exchange rate of the dollar against the Iraqi dinar "within a short period."

Al-Shammari said in a tweet on Twitter: "Bold decisions taken by the government to restore control and balance of the currency price after recent market speculation, including changing the management of the Central Bank and supporting providing merchants with the official price in various commercial sectors."

He added, "The new governor's pledge is to restore the exchange rate within a short period, and I estimate that it will only take weeks."

Today, the Prime Minister, Muhammad Shia'a al-Sudani, relieved the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, due to the continued rise in the dollar exchange rate and the bank's inability to curb it.

Al-Sudani assigned former bank governor Ali Mohsen Al-Alaq to manage the central bank by proxy.

The Prime Minister also referred the Director of the Trade Bank of Iraq to retirement and assigned Rabal al-Hamdani to manage the Trade Bank of Iraq in addition to his duties.