The central bank sold in the 12 months of dollars equivalent to one-third of Iraq’s budget
Statistics [where]: the central bank sold in the 12 months of dollars equivalent to one-third of Iraq’s budget
Wednesday, July 2, 2014 16:08
[Baghdad – where]
Dollar sales rose at an auction the central bank over the past month in June to four billion and 582 million and 231 000 compared to $ 4 billion, 34 million and 531 thousand dollars in the month of May.
According to statistics prepared by all of Iraq [where] that sales during the half year amounted to $ 23 billion, 897 million and 255 000 compared to $ 24 billion, 495 million and 658 000 dollars for the half-year head start in 2013 and thus the central bank has sold at auction during the entire year of the first in July 2013 to the end of June 2014 [48 billion and 392 million and 392 000 dollars] is equivalent to one-third of Iraq’s budget, but without an increase in the price of the Iraqi dinar against the dollar as it is still the price of the dollar in the markets in 1220 dinars, while the official price, which sold the Central Bank’s dollar was 1166 dinars.
The dollar sales during the current year as follows:
January sales of 3 billion and 423 million and 443 000 dollars
February sales of 3 billion and 141 million and 821 000 dollars
Sales March 4 billion and 607.335 million dollars
Nissan sales 4 billion, 77 million and 894 000 dollars
Sales May 4 billion, 34 million and 531 000 dollars
June sales of four billion and 582 million and 231 000 dollars
The auction sales in the second half of 2013 [24 billion and 495 million and U.S. $ 658 000] is as follows
July sales of 5 billion and 602 million and 924 000 dollars
August sales of four billion and 563 million and 751 000 dollars.
September sales of 5 billion and 275 million and 645 000 dollars
October sales of two billion and 191 million and 456 000 dollars
Sales November 3 billion and 803.691 million dollars
Sales December 3 billion and 58 million and 191 000 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 a profit 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 June 25 hearing.
And exceeded sales during the month of June of $ 300 million in a single day is Monday June 10 when the sale of 312 million and 635 000 dollars has been exceeded sales in 4 days, 200 million dollars, while recorded sales declined significantly to under 100 million dollars in just one day is June 29 to sell 69 million and 261 000 dollars.
On June 12 the central bank announced / Directorate General of the banking and credit control / launch of new instructions to banks and shops banking approved to participate in the daily auction for the sale and purchase of foreign currencies .
A statement by the bank, “The instruction included and should be accorded to banks authorized disclosure includes Amount and purpose of the transfer and to identify the beneficiaries of the conversion . ”
He added that “the bank called to report supports the safety of customer funds and the source of funds and lack of legitimacy and violated . ” ended