Urgent central bank selling of the dollar amount in the auction today three times as decided by the budget
Urgent central bank selling of the dollar amount in the auction today three times as decided by the budget
6/17/2015 14:02
[Baghdad-where]
sold the Central Bank of Iraq in the auction for the sale of foreign currencies on the dollar amount of three times higher than decided by the budget law for 2015 to $ 75 million a day.
Central bank sales reached in the auction on Wednesday, more than $ 257 million. According to a statement of the bank received by the agency all of Iraq [where] a copy of “The amount sold size by the bank today at the price of the auction of the dollar stood at 257 million and 651 thousand and $ 600 at a price of 1166 dinars Exchange to the dollar and with the participation of 22 banks. ” He pointed out that “the quantity sold in cash amounted to 42 million and 375 thousand dollars, and the quantity sold Khawwalat amounted to 215 million and 276 thousand and $ 600.” The statement said that “the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars,” noting that “the sale price of remittances in 1187 dinar / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar.” He pointed out that “the number of banking companies and financial conversion which entered the auction in cash sales were 315 company. ” This increase comes in the sales of Bank of dollars to curb the appreciation of its exchange rate against the Iraqi dinar in local markets and cover the need of foreign currency. Under the financial budget for 2015 Act passed by Parliament on 29 January the past: that the central bank is committed to identifying sales of hard currency [the dollar] in the daily auction ceiling does not exceed 75 million dollars a day with exercise justice in the sales process, and calls for participating in the auction the bank to provide the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the central bank law or instructions issued from it, and use other banking tools to maintain the strength of the dinar against the dollar. ” experiencing domestic markets rising US dollar exchange rates against the Iraqi dinar to 1,400 dinars to the dollar, which means that the percent dollars equal to 140 000 dinars. The official rate of the Central Bank of Iraq the price of 1166 dinars per dollar, meaning it has risen from the official price 234 dinars, an increase of 20%. He assured the Prime Minister Haider al-Abadi before heading to Iran today of “the existence of fear of exchange rate of the Iraqi dinar price comparison in US dollars, and we will strike manipulators prices dollar with an iron fist, “noting that” there is speculation and manipulation by corrupt and who want to influence the economic conditions and manipulation Bakot Iraqi people. ” It is due to the parliamentary finance committee held next Sunday held an emergency meeting to discuss the rise of the dollar. attribute specialists and economists this increase to the dollar in the domestic market, to a lack of supply of the dollar at an auction sale daily currency Central Bank of Iraq, which identified the quantification of the law of the general budget for 2015 by $ 75 million just after it was open, so called for the increased demand for foreign currency to fulfill banks and business obligations and the market need for liquidity Almalah.anthy
alliraqnews.com
