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 Economic Affairs Committee: Strict measures to maintain the dollar exchange rate

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PostSubject: Economic Affairs Committee: Strict measures to maintain the dollar exchange rate   Thu Sep 06, 2018 2:35 pm

Economic Affairs Committee: Strict measures to maintain the dollar exchange rate

5th September, 2018

Called the Ministerial Committee on Economic Affairs, on Wednesday, to take the necessary measures to maintain the dollar exchange rate measures, while confirming the need for banks that violate labor accounting controls. 

"The ministerial economic affairs committee headed by Minister of Planning Salman Jumaili held its 21st session in the presence of its members, the ministers of industry, minerals and agriculture, the governor of the Central Bank of Iraq, the head of the National Investment Commission and the undersecretaries of the ministries of oil, Noting that "the Committee has hosted a number of directors-general in the ministries of planning, trade and industry."

The statement added that "the Committee valued the role of the Central Bank of Iraq in maintaining the stability of the exchange rate and strengthen the Iraqi dinar and support the government to get out of the economic crisis, as well as the removal of Iraq from the gray area and follow-up within the classification of the International Labor Organization on combating money laundering and terrorism financing, The actions taken by the Central Bank in this regard." 

The statement said that "the Committee called for taking the necessary measures to maintain the stability of the exchange rate and reduce the differences in price and accounting of banks that violate the controls of work followed by the Central Bank of Iraq."

The statement pointed out that "the Committee agreed to start the implementation of the national project for the production of flour zero and import quota by documentary credit and that the sectoral bodies in the ministries of trade and health control and follow-up," adding that "the General Company for grain trade in the Ministry of Commerce is concerned with the application specifications and examination of imported wheat Or locally produced flour production in zero. " 

"The committee was granted the right to import wheat to non-owners of the mills, and did not require that the mill be owned by the importer, and stressed that the owners of mills to build silos to store grain."

"The committee has taken a number of other decisions and recommendations on the issues on the agenda, identifying locally manufactured products and preventing the importation of such products, and other measures on tariff and other customs," the statement said. 

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