Iraqi News Highlights Thursday Evening 7-6-23
Tlm724 Administrator Bondlady’s Corner
An Economist Explains The Mechanisms Of Reducing The Gap Between The Official And Commercial Dollar Price
July 5 08:48 Information / Baghdad… The economist, Safwan Qusai, explained, on Wednesday, the mechanisms for reducing the gap between the official dollar exchange rate and the one sold in the parallel market, pointing out the possibility of taking many measures and decisions by the government to ensure control over the exchange rate.
Qusai told Al-Maalouma, “The banking companies have an appropriate commission for the purchase and resale process, and they are supposed to adhere to such a commission, as the process of having a financial policy complementary to the policy of the Central Bank in order to control the price of the dollar in the parallel market requires a set of steps.”.
He added, “The steps would control the border crossings to reduce the volume of imports without external remittances, and urge Iraqi banks to shift towards documentary credits in a flexible manner that allows merchants to deal with suppliers from the white list.”
Safwan pointed out that “there are long-term contracts with them to allow import operations at times commensurate with the volume of local consumption.”
And that “the government can take more measures and decisions, in order to put pressure on the dollar in the parallel market, not only through censorship, but also by supporting the Iraqi dinar.” ended 25 n
https://almaalomah.me/news/economy/خبير-اقتصادي-يوضح-آليات-تقليص-الفجوة-بين-سعر-الدولار-الرسمي
The Iraqi Central Bank Raises The Share Of Travelers And Banking Companies From The Dollar (two documents)
Economy dollar Central Bank of Iraq Exchange companies Travelers share
2023-07-06 08:51 Shafaq News/ The Central Bank of Iraq decided, on Thursday, to increase the monthly share of the dollar for citizens wishing to travel from the dollar, as well as the weekly share for exchange companies.
The bank instructed, in a document seen by Shafaq News Agency, addressed to licensed government and private banks, that the share of the citizen traveling through air and land ports be at three thousand dollars per month, starting from next Sunday.
The bank stipulated that the electronic platform for cash sales (FITR) be approved exclusively to record the data of daily cash sales for travelers.
The share of the citizen wishing to travel was 10 thousand dollars, and it was reduced to two thousand dollars, to be increased now by one thousand dollars.
In another document addressed to the “B” exchange companies, the bank said,
“It was decided to increase the ceiling of the weekly cash amount of dollars allocated to your companies to become $750,000 per week, as of next Sunday.”
And that the aim of this is “based on the objectives of this bank to achieve stability in the general level of prices and exchange rates and to meet the high demand for foreign currency in the local markets.”
The bank confirmed that the electronic platform for cash sale (FITR) will be used exclusively to record the data of daily cash sales received through the window.
It is likely that this new decision contributed to the decline in the price of the US dollar against the Iraqi dinar today on the Baghdad Stock Exchange, where it reached 14,722 dinars per 100 dollars, after it touched earlier 150 thousand dinars per 100 dollars.
https://shafaq.com/ar/اقتصـاد/المركزي-العراقي-يرفع-حصة-المسافرين-وشركات-الصيرفة-من-الدولار-وثيقتان
Guideline For Choosing A Total Quality Management System Consultant
July 06, 2023 Guideline for choosing a total quality management system consultant
:diamonds: First release 2023 https://cbi.iq/static/uploads/up/file-168863142074752.pdf
Guideline For Choosing A Total Quality Management System Consultant
July 06, 2023 This guide has been prepared, guided by IOS 10019:2005, to provide guidance on the process of selecting and evaluating the competency of a consultant to ensure maximum benefit from his services and create confidence in meeting the bank’s needs and expectations in achieving the quality management system, for more information..click here
https://cbi.iq/static/uploads/up/file-168863142074752.pdf
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