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Parliamentary attributes the rise in the dollar to add 8% in taxes and Customs on purchase orders
6/15/15
Alsumaria News / Baghdad
Izzat member of the parliamentary Committee of Economy MP Najiba Najib, Monday, rising dollar against the Iraqi dinar to the imposition of the Central Bank of 8% in taxes and Customs requests on the dollar, in addition to the lack of oil revenues, while the expected continued rise under these procedures.
She said Najib in an interview with Alsumaria News , "The dollar rally during the current period, which amounted to more than 1136 dinars to the dollar back as a result of the bank to add 8% to requests from traders and companies to buy dollars," indicating that "the dollar selling directly to traders and companies will be met them 5% tax and 3% Customs ".
> Private banks: the central bank to determine the price lower than the market to convert the dollar caused great overwhelm
> The central bank decides to support banks by five trillion dinars and finance the budget six trillion dinars
Najib added that "the Bank has to take the bodies of taxes and customs duties which are able to do so, led to the rise in this way."
Najib said that "other reasons that led to the rise is the lack of oil revenues," pointing out that "the drop in oil prices from US $ 111 per barrel to less than $ 60 have reduced Iraq's revenues of hard currency."
Najib pointed out that "the security situation is stable also increased the demand for the dollar and therefore, there is an increase in demand over supply."
Najib stressed that "the budget law for the current year 2015 included a restriction or condition within one of its articles, which should not exceed the sale of the bank conducted by more than 75 million dollars a day auction," indicating that "the new measures taken by the budget and the central bank would that continued high dollar ".
The dollar price in the domestic market in front of the Iraqi dinar gradually up to 1336 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
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6/15/15
Alsumaria News / Baghdad
Izzat member of the parliamentary Committee of Economy MP Najiba Najib, Monday, rising dollar against the Iraqi dinar to the imposition of the Central Bank of 8% in taxes and Customs requests on the dollar, in addition to the lack of oil revenues, while the expected continued rise under these procedures.
She said Najib in an interview with Alsumaria News , "The dollar rally during the current period, which amounted to more than 1136 dinars to the dollar back as a result of the bank to add 8% to requests from traders and companies to buy dollars," indicating that "the dollar selling directly to traders and companies will be met them 5% tax and 3% Customs ".
> Private banks: the central bank to determine the price lower than the market to convert the dollar caused great overwhelm
> The central bank decides to support banks by five trillion dinars and finance the budget six trillion dinars
Najib added that "the Bank has to take the bodies of taxes and customs duties which are able to do so, led to the rise in this way."
Najib said that "other reasons that led to the rise is the lack of oil revenues," pointing out that "the drop in oil prices from US $ 111 per barrel to less than $ 60 have reduced Iraq's revenues of hard currency."
Najib pointed out that "the security situation is stable also increased the demand for the dollar and therefore, there is an increase in demand over supply."
Najib stressed that "the budget law for the current year 2015 included a restriction or condition within one of its articles, which should not exceed the sale of the bank conducted by more than 75 million dollars a day auction," indicating that "the new measures taken by the budget and the central bank would that continued high dollar ".
The dollar price in the domestic market in front of the Iraqi dinar gradually up to 1336 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
[You must be registered and logged in to see this link.]
