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Iraqi Business Council: new mechanisms of the Central Bank will create a banking market in Iraq
Friday, 13 March 2015 17:02
Alsumaria News / Baghdad
Said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise.
The Business Council, in a statement received by Alsumaria News a copy of it, that "the mechanisms of the new Central Bank of Iraq, which was announced recently regarding the mechanism of calculating customs trusts established in the tariff and the amount currently Banking Law ratios, it is possible to create a banking market in Iraq."
The council said that "every Iraqi banks, especially private, seeking to support the banking sector, the private sector, in particular, is pushing to stabilize the market and exchange rate stability as one of the monetary policy of the Central Bank of Iraq tools," adding that "the central bank tries to make the banking sector's role in economic development. "
And between the Council that "new mechanisms will create a market between banks, whether government or private, and thus achieved a banking sector economic activity powered enjoys possible be provided by the central bank for private banks financial liquidity," pointing out that "the new mechanism will be the banks business tax pricing and levied according to Detailed tables provide customs and taxes for each substance subject to customs duty as well as guess commercial profit. "
The central bank held, on Thursday, meeting with specialists in the General Administration of Customs and the tax is calculated on the customs tariff trusts established in the law attributed to him, while the ratios were determined at the level of each article in order to avoid the integration of some high levels with the low.
He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh announced, in (December 23, 2014), that the taxes that will be imposed gradually, confirming that inflation in Iraq is universally accepted.
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Friday, 13 March 2015 17:02
Alsumaria News / Baghdad
Said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise.
The Business Council, in a statement received by Alsumaria News a copy of it, that "the mechanisms of the new Central Bank of Iraq, which was announced recently regarding the mechanism of calculating customs trusts established in the tariff and the amount currently Banking Law ratios, it is possible to create a banking market in Iraq."
The council said that "every Iraqi banks, especially private, seeking to support the banking sector, the private sector, in particular, is pushing to stabilize the market and exchange rate stability as one of the monetary policy of the Central Bank of Iraq tools," adding that "the central bank tries to make the banking sector's role in economic development. "
And between the Council that "new mechanisms will create a market between banks, whether government or private, and thus achieved a banking sector economic activity powered enjoys possible be provided by the central bank for private banks financial liquidity," pointing out that "the new mechanism will be the banks business tax pricing and levied according to Detailed tables provide customs and taxes for each substance subject to customs duty as well as guess commercial profit. "
The central bank held, on Thursday, meeting with specialists in the General Administration of Customs and the tax is calculated on the customs tariff trusts established in the law attributed to him, while the ratios were determined at the level of each article in order to avoid the integration of some high levels with the low.
He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh announced, in (December 23, 2014), that the taxes that will be imposed gradually, confirming that inflation in Iraq is universally accepted.
[You must be registered and logged in to see this link.]
