The National Business Council said Friday that the new mechanisms adopted by the Central Bank to calculate the ratios prescribed in customs law Secretaries tariff customs, could "contribute to creating a bank market in Iraq", while the new mechanism which will be banks of pricing and tax levied according to the detailed tables provide customs and taxes on each subject for drawing alkmarki.
The Business Council said in a statement received (range press), a copy of it, "the CBI new mechanisms and the recently announced and safe deposit ratios calculated mechanism in the law of customs tariffs and customs reporting for banks could create a banking market in Iraq."
The Council noted that "all the private Iraq banks seek to support the private sector and the banking sector in particular, to the stability of the market and the stability of the exchange rates as a tool of monetary policy of the Central Bank of Iraq, which is trying to make the banking sector's role in economic development."
The Council said that "under the new mechanisms, we believe that such mechanisms would create market between banks, whether Government or private banking sector will thus enjoy economic activity powered by financial liquidity that enabled the Bank to private banks".
The Council noted that "the new mechanism which will be banks of pricing and tax levied according to the detailed tables provide customs and taxes on each subject for drawing alkmarki as well as guess commercial."
It was the Central Bank, held a meeting on Thursday (12 March 2015), with specialists in the General llkmark as well as the Commission for clarification on the mechanism for calculating the ratios prescribed in customs law Secretaries tariff customs, said the agreement "to determine the proportions of each article especially to commodities.
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