CBI Cancelled its 8% Tax and Customs on Buying U.S Dollars: Central Bank of Iraq

On Saturday, the Iraqi Central Bank has announced that the monetary policy of the CBI would not be able to maintain and stabilize the exchange rate of the U.S dollar against the Iraqi dinar. At the other hand, government of Iraq stressed to control the border and manage the track of money that moves out from the country and to manage the combine moves against financial and economic crimes. The Board member of Iraqi Central Bank, Majid further said in his press statement that our monetary is trying to manage the exchange rate of the U.S dollar against the Iraqi dinar, but it will not be more affective as we are hoping. He also pointed out that there are many other factors that are reflecting impact on the currency exchange rate such as internal security situation, political instability and control on the border crossing from the land, air and sea.

He further said that the Iraqi government should collaborate with all other concerning parties in order to eliminate corruption issue and to track money that moves out from the country and combine fight against financial and economic crimes. The Iraqi government should play its positive role in order to stabilize and maintain the U.S dollar exchange rate against the Iraqi dinar currency. It is also important that the Governor of the Iraqi Central Bank has announced that the CBI has cancelled its 8% of tax and customs which imposed on the buying of the U.S dollar exchange rate and it will participate to decrease regular consumer goods prices.

Share This Post

Related Articles

· Designed by RF