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Central bank: Cancel fees reduce the dollar exchange DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central bank: Cancel fees reduce the dollar exchange

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Central bank: Cancel fees reduce the dollar exchange Empty Central bank: Cancel fees reduce the dollar exchange

Post by Ponee Fri Jun 19, 2015 12:23 pm

Governor of the Central Bank take on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly .





Central bank: Cancel fees reduce the dollar exchange 42590

 Governor of the Central Bank on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, confirming the approval of the crisis cell on the Bank's proposal to delete the custom duty and tax on the purchase of the dollar .


Keywords and said in a press statement seen by "obelisk", that "the economic crisis cell headed by Prime Minister Haider al-Abadi agreed to the proposal of the Central Bank of Iraq delete custom duty and tax imposed on the purchase of the dollar, amounting to 8% . "


Keywords and added that "the decision to cancel the fees, taxes and other measures will reduce the dollar exchange rate significantly . "


The prime minister Haider al-Abadi stressed, on Thursday, the need to maintain the dinar exchange rate against the dollar in the domestic market and the prosecution of any disorder not accompanied by objective circumstances, as agreed crisis cell under his chairmanship on the proposal of the Central Bank delete 8%, which represents income tax and customs added cash remittances factors .


It is confirmed that al-Abadi, last Wednesday (June 17, 2015), that the Iraqi currency backed strongly there is no fear on the dinar exchange rate against the dollar, as he pointed to the existence of "manipulation" and "conspiracy" to influence the current situation.


http://www.almesalah.com/index.php?page=article&id=55063

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Central bank: Cancel fees reduce the dollar exchange Empty Re: Central bank: Cancel fees reduce the dollar exchange

Post by Kevind53 Fri Jun 19, 2015 6:19 pm

I'm not an economist, and maybe wrong, but it seems to me that this will provide temporary relief at best, as it does not address the underlying issues.

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