Parliamentary Finance: The currency window of the Central Bank of Iraq is of a strange type in the world

by **claud39** Thu Nov 26, 2020 2:04 pm

11/26/2020 1:37:39 AM

Baghdad / Obelisk: The Financial Committee Reporter Ahmed Al-Saffar said, Thursday, November 26, 2020, that the government objected to reducing the value of the loan and added a clause obligating the implementation of all articles of the law, while he indicated that the issue of currency window at the Central Bank of Iraq is of a strange and unique type in the world.

Al-Saffar said in a press interview followed by the obelisk, that there is more than one paragraph and point that was included in the financial finance law by the House of Representatives that the Ministry of Finance objected and reserved.

He added that at the forefront of the objections is the reduction of the loan amount to 12 trillion dinars, as well as the addition of a clause that obliges the government to implement all articles of the law, and to hold it legally responsible in the event that it breaches any of its clauses.

Al-Saffar pointed out that the issue of the currency window at the Central Bank of Iraq is of a strange and unique kind in the world.

He added: We need to find immediate solutions, either by canceling the window and transferring it to the Ministry of Finance, according to Al-Aidiyah, or for this window to be done transparently in terms of issuing a daily bulletin detailing the amount of the sold dollar, which should not exceed the volume of daily oil revenues, so that the reserves are not depleted. Foreign exchange.

Al-Saffar called for the customs tax to be imposed on these imports and collection directly by a tax office located in the central bank when selling the dollar, in addition to the banks participating in the auction being classified and applying conditions to be issued by the Central Bank.

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