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Saturday, January 26, 2013

Parliament: linking CBI auction network with financial institutions will reduce corruption and supports national currency, 26 jan


Parliament: linking CBI auction network with financial institutions will reduce corruption and supports national currency

Date: 13/01/26 14: 27: 58 Saturday
Baghdad (newsletter) …Member of the Committee praised the economy and investment Deputy/Kurdish blocs Coalition Jassim Mohammed Hussein, a step the Central Bank to link your auction to sell hard currency electronically with the Bank institutions and the Ministry of finance and the General Administration of taxes will reduce corruption and will support the national currency in the country.

He said Hussein (News News Agency): the modern technology when applied correctly and in accordance with the modern global mechanisms would reduce red tape prevalent all boring State services and will support the national currency and the Central Bank’s work for it shortened time and complete transactions as quickly as possible.
He added: the development of banking and financial services with the latest technology to keep pace with developments in global banks and financial institutions to contribute to the support and development of the national economy.
The Central Bank announced, on the implementation of electronic connectivity steps to daily foreign currency auction information between the Bank and the Ministry of finance and the General Commission for taxes.
The Central Bank held five meetings weekly auction to buy and sell foreign exchange, earns a Commission on the sale of cash and money orders in the amount of $

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