Central bank sales in the auction the dollar continue to rise to more than 4 billion a month
Statistics [where]: central bank sales in the auction the dollar continue to rise to more than 4 billion a month
Saturday, June 1, 2014 08:00
[Baghdad – where]
Continued dollar sales at the central bank auction to rise to more than 4 billion in the last month in May as they were in April and March, while sales were in each of the months of February and January is less than 4 billion.
According to statistics prepared by all of Iraq [where] the dollar sales at the central bank auction for the month of May amounted to 4 billion, 34 million and 531 thousand dollars for a total auction sales since the beginning of the year until the end of the month of May 19 billion, 315 million and 24 000 dollars.
The Nissan sales 4 billion, 77 million and 894 000 dollars in the March 4 billion and 607.335 million dollars [the highest sales figure in the auction since last September 2013 while sales were last February 3 billion and 141 million and 821 000 dollars and sales January 3 billion and 423 million and 443 000 dollars.
According to central bank data daily, these huge sums sold a stable exchange rate is 1166 dinars per dollar, while sold the dollar in the market at about 1220 dinars to the dollar, which means that buyers if they have sold the currency purchased from the central bank, they get the benefit of 54 dinars per dollar.
The Iraqi central bank held an auction of six sessions per week for the sale and purchase of foreign currencies, starting from Saturday to Thursday and held over the past month May 24 hearing.
The sales exceeded $ 300 million in the two days of the month of May are Monday and Tuesday 12 and May 13 when the sale of 307.949 million and $ 303 million and 574 000 dollars respectively have exceeded sales in the 9-day 200 million dollars, while recorded sales declined significantly to under 100 million dollars in 5 days was the lowest 49 million and U.S. $ 637 000 on May 4.
In an attempt to Astgar the dollar and raise the apical Iraqi dinar board decided the Iraqi Central Bank on Saturday, allowing the money transfer companies buy dollars to cover the direct transfers and cash, in accordance with the mechanics of which were announced without the need to center banks.
According to a statement of the Central Bank of Iraq that “the Board of Directors of the Iraqi Central Bank held a meeting, headed by the governor and the agency Abdel Basset Turki decided at the meeting to allow the money transfer companies buy dollars directly from the auction sale held by the bank dollar a day.”
The statement added that “the goal of allowing companies to buy the dollar directly is to cover transfers and cash in accordance with the mechanisms announced by the central bank without the need for mediation of banks that participate in the auction sale of the currency.” Ended