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Thread: Changes Is COMING!!! 10-25-2017

  1. #181
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    Iraqi News Agency .. Teaching from the accounting department proposes to postpone the draft delete zeros[/size]


    Date10/18/2018




    [...]
    Assistant Professor Dr. Safwan Qusay Abdul Halim, said that the current economic situation does not allow the implementation of the project to delete zeros from the currency, attributed to the unstable conditions in the Middle East and the possibility of the existence of illegal local currencies looking for a way to enter the domestic banking system.
    Abdul-Halim said in a statement to the Iraqi National News Agency "Nina" The Iraqi Central Bank is trying to restore confidence in the Iraqi currency and enter into the international currency market and facilitate the task of calculations by deleting zeros, and pointed out that the project can cause confusion in monetary policy and the value of the Iraqi dinar.
    Therefore, the procedure to delete zeros is a correct measure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degree of control was the governor of the Central Bank Ali Alaq announced earlier in a press statement that currencies of small categories may prompt citizens to bid farewell to banks for difficulty to store As the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros.

  2. #182
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    Customs announces the date on which imported goods are subject to taxation







    03:45 - 21/12/2018

    [...]
    [...][...]


    BAGHDAD -
    The General Administration of Customs announced on Friday that all imported goods will be subject to customs duties and taxes from the first day of next year 2019[/color].
    The Authority said in a statement received by Mawazine News that "due to the end of the fiscal year 2018, the Authority announces the beginning of subjecting all imported goods by the government departments and the public sector and mixed or on its behalf to customs duties and taxes and as of 1/1/2019.
    It added that "the subjection of goods to taxes comes in accordance with the provisions of Article 80 / I / of the Customs Law No. 23 of 1984, which amended the goods imported by the government departments and the public sector, mixed and grassroots organizations or on their behalf for fees and taxes.
    The Commission explained that "excluding the goods received by the ministries and departments set out in the Council of Ministers Decision No. 23 of 2018 based on the investment contracts included in the investment budget in the draft federal budget law of the Republic of Iraq for the year 2018 after supporting this by an official letter issued by the Ministry of Planning. Ending 29

  3. #183
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    Deputy: the budget of 2019 explosive and similar to its counterpart for the year 2010
    [...]

    The deputy of the coalition of construction, Abdel Aoun Allawi, on Tuesday, the budget of 2019 with a similar blow to its counterpart for 2010, indicating that the budget includes the payment of 30 trillion debt of the [url=https://www.thebaghdadpost.com/ar/Story/t/940/%D8%A7%D9%84%D8%AmWorld Bank[/url] and the IMF and Germany and Britain.
    Allawi said that "the budget of 2019 burst after reaching 132 trillion dinars and close to the budget of 2010, but disappointing to have a large deficit."
    "The budget contains the repayment of the debts of the World Bank , the International Monetary Fund, Germany, Britain and some other countries," adding that "Iraq pays from the budget of 2019 debt about 30 trillion dinars."
    He explained that "the Council is working on the transfer between the sections of the budget and reduce the rates of exchange and maximize imports to reduce the proportion of the deficit budget of 2019."

  4. #184
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    When Will the Iraqi Dinar Be Revalued?[/size]


    [...]






    The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019. The plan is to eliminate zeros from the value of the Iraqi currency, allowing the dinar to gain value on the global market.

    With the anticipation of the Iraqi dinar revaluation, millions of dinars have been bought all over the world by investors. Those investors hope that the revaluation of the dinar will increase the value of the currency, which would make all of their dinars worth significantly more than when they bought them. However, the revaluation continues to get postponed and is set for 2019 as the country faces more pressing political issues.

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