Saleh: the new mechanism for the central fill proportion of the state’s needs
05
Mar
3/5/2015 0:00
BAGHDAD – Alaa al-Tai
Economic Adviser to the Prime Minister, Dr. describe the appearance of Mohammed Saleh, the special new mechanism to sales of the Central Bank of the dollar, as “correct and transparent and will help to move the cash flows, including blocking the part of the State’s need, at this juncture,” adding that the central bank will continue trading with civil and governmental joint bank auction currency to discuss and release steps this regulatory mechanism, as he emphasized that there out of respect for the ability of the southern ports on the export of oil to coincide with improved selling prices
V.uad adviser Saleh in an interview for the “morning” the current central bank measures to be true, pointing to Article 50, which passed in the budget and restricted sales of currency 75 million dollars per day adopted a system does not include all import documents, but the tax settling accounts and Alkmarki within a period of 30 days from the date of the purchase amount, which initiated the beneficiary after the transfer of funds during the period above the completion of tax settling accounts and deposit procedures in the bank, according to the mechanism currently being cured.
He stressed that the central bank began to hold technical meetings with banks to facilitate the implementation of the mechanisms and dynamics of work and the new system, which will enter into force during the month, indicating that the instructions issued by the CBI in collaboration with all the banks, government and private that participate in an auction to buy and sell the currency to the effect that the tax collection and Alkmarki in advance, which will result in monetary mass and liquidity rather than delay the collection of taxes and customs that had been in place previously. Added Dr. Saleh, said the violations of customs and tax will narrow view of the transparency of this new mechanism, noting that the outcome of those proceedings are subject to sales of the Central Bank which helps to move the cash flows that can clog the part of the State’s need, noting that the technical meetings convened by the Central Bank began with Associations and government banks to develop a coordinating mechanism and to discuss how to open accounts, appreciation and achievement and what steps to provide banks the tax burden and Alkmarki and amounts and put them in certain accounts in accordance with the regulatory mechanism.
To the detection of Economic Adviser to the Prime Minister that there is the ability to maximize oil exports, notably through the results of the investments in the southern ports, Besides the work of political parties to sustain agreements with the Kurdistan region to ensure its implementation and the achievement of its exports 550 000 barrels Yumia.ofatt adviser Saleh said the improvement in crude and selling high Brent prices, which reached $ 63 or slightly lower rates, is an important issue to reduce the difference between the actual sale price and what has been approved in the budget.
“The government is working on activating the diversification of financial resources that have been approved in the budget article 23 under the imposition of sales tax on Kartat Shipping mobile phone networks and the Internet increased by 20 percent and the inclusion of cars and tickets and the imposition of tax by a large margin on cigarettes and alcoholic beverages title actions, explaining that the legal activate customs tariff and consumer product related to the prevention of some of the goods in terms of quality and damage is important for the success of the industrial sector and activate the protection.
