Al-Sudani Discusses With The Governor Of The Central Bank The Measures Taken To Stabilize The Currency Market

23/07/2023

1468

Earth News / Prime Minister Mohammed Shia Al-Sudani met today, Sunday, with the Governor of the Central Bank, Ali Mohsen Al-Alaq, in the presence of advisers and the Director General of Investment at the bank.

The Prime Minister’s Media Office said, in a statement received by Earth News, “During the meeting, they discussed the measures taken by the Central Bank with regard to the stability of the currency in the Iraqi market, and the most prominent plans prepared to reform, develop and empower the banking sector; to take its role in achieving sustainable development and facing challenges.”

Al-Sudani listened to “clarifications on the most important facilities provided by the Central Bank, which include allowing small traders and importing individuals to finance their imports without the need to establish a company, and that this is through government and private banks that have direct relations with correspondent banks.”

The Prime Minister directed the Central Bank “to make greater efforts to simplify procedures for citizens, as it was emphasized to implement the content of the Council of Ministers’ decision to pay the installments of investment projects by allowing citizens to pay in Iraqi dinars for the values of the housing units they previously bought in foreign currency.”

He also directed “the application of Article 48 of the Federal Budget Law, to unify and simplify tax procedures on the one hand and not to link them to external transfer on the other.”

The statement added, “The meeting also witnessed the confirmation of continuing the measures that will be taken by the Central Bank, in order to compensate citizens and companies who buy the dollar at the informal price, through the Central Bank deducting the financial difference from banks and exchange companies that sold the dollar more than its specified price in the bank, after the purchase from those companies has been proven.”

During the meeting, the Governor of the Central Bank revealed “the bank’s intention to resume the sale of cash dollars through licensed banks in Nineveh Governorate.”

السوداني يبحث مع محافظ البنك المركزي الإجراءات المتخذة لاستقرار سوق العملة