Thursday, June 28, 2012

Member of Finance Committee: the continuing need to combat the smuggling of currency

 Thursday, 28.06.2012

Baghdad (news) .. According to a member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, the importance of the enactment of the Anti-Money Laundering Iraq to save the local currency of the degradation, indicating that the phenomena of money laundering and the smuggling of foreign currency are still ongoing in the country must eliminate them.
Mutlaq said (of the Agency news): The law of the Iraqi anti-money laundering is one of the important laws that keep the local currency of the degradation, indicating has its first reading in the House of Representatives and the second reading and will be voted on in future sessions.

He added that the money laundering and currency smuggling is still ongoing in the country for the lack of real control of the banking offices, drafts and hold in different ways by both internal and external points of its goal to destabilize the Iraqi economy and the deterioration of the local currency.

He explained: that the phenomenon of smuggling foreign currency are found in all the countries of the world, but rates varied, but in Iraq began to spread and take a number of ways either by discharge of the goods by the traders, or through the offices of money orders, calling for the need to put an end to these illegal operations, which are exploited by some countries neighbors who suffer from an international economic blockade to save its economy at the expense of the Iraqi economy. / Finished / 8. for. m /
 

Economic Parliamentary system can not work without modifying tariff

 Thursday, 06/28/2012

Baghdad (news) .. The head of the Economic Commission for MP / the Iraqi List / Ahmad al-Alwani, that the law on customs tariffs need to be modified, and can not work it only after making some amendments to it.
He said al-Alwani (for the Agency news) on Thursday: The tariff law should be modified and maturation to take into account the economic situation in the country and can not work it without amendment, indicating the following: that the Commission will amend the law to put the new charges in line with the economic situation in Iraq.

He added that the Iraqi market has a lot of traders who are storing items large and sold at high price at a time when people need it the pretext to postpone the law, indicating the following: that the tariff issue is vital and important can not be imposed by the Iraqi state without collection and without loan fees on goods entering Ghali Iraq.

He denied Alwani: worry about the rumors that the Iraqi citizens to increase prices of goods while the postponement of tariff law and the validity of these rumors, but the law needs to be modified and will not be any increase in prices. / End / 21. A. P /

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