Crossroads: Banking remittances allegedly looted dollar letters of credit or import?
Muwaffaq Mahmoud Hassan *: Crossroads: Banking remittances allegedly looted dollar letters of credit or import?
- PUBLISHED IN 03/03/2016
For years before the day I called more than once in unsuitable to the need to abandon the currency remittances from the window style with the Central Bank to finance imports and return to the documentary credits a diaper on balance [...]
For years before the day I called more than once in unsuitable to the need to abandon the remittance of currency window style with the Central Bank to finance imports and return to the documentary credits a diaper on the nation 's balance of foreign from loss currencies, and do not need to be reminded that based credits Yeh method adopted on a larger scale in international trade and organized customs and practices Uniform customs & practices international issued by the international Chamber of Commerce based in Paris , and perhaps it is important to say that what was usages and practices has become today 's rules rules obliged to invoke God , the protagonists in the courts that will regulate trade relations between importers and Almsidirn and preserve the rights of the parties to the contract.
We have noticed our call for a return to a much documentary support credits and Iodide of banks and respective personnel , but that support did not find him resonate with the central bank , which continued to sell the dollar through the window, but support culminate in a few days ago under the guidance of the Prime Minister to the central bank 's need to reduce the phenomenon of evasion currencies Alajunbh was economic adviser , Dr. appearance of Mohammed Saleh was preceded by the support and upheld the call to return to the letters of credit. in
order to achieve the goal that meant the Prime Minister has to be a few measures taken by the competent organs include it in below: -
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