Central bank sells in the auction today $ 258 million in the scope of its efforts to improve the rate of the Iraqi dinar
Central bank sells in the auction today $ 258 million in the scope of its efforts to improve the rate of the Iraqi dinar
6/23/2015 4:47 p.m.
[Baghdad-where]
the Iraqi Central Bank sales reached in the auction for the sale of foreign currencies on Tuesday, $ 258 million as opposed to the law of the financial budget for 2015, which defined sales at the auction, including no more than $ 75 million.
The central bank is trying to cope with the surge in the dollar over the past days, reaching more than 1,400 dinars to the dollar while the official rate of 1166 dinars but the dollar exchange rate of about 3 days ago to 1230 dinars to the dollar. According to a statement of the bank, received by all of Iraq [where] a copy of “The size of the amount sold today by the bank at the auction of the dollar today reached 258 million and 621 thousand and $ 437 at a price of 1166 dinars exchange rate to the dollar, and with the participation of 19 banks and three companies for the fiscal conversion.” He pointed out that “the amount of remittances size and credits, 237 million and 746 thousand and $ 437 total, while the quantity sold in cash 20 million and 875 thousand dollars. ” The statement said that “the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars,” adding that “the sale of remittances price of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of $ 1190 dinars / dollar, including the commission of the Central Bank of $ 24 dinars per dollar. ” The Governor of the Central Bank and the Agency on the Keywords, suggested during hosted last Sunday in the parliamentary finance committee, cancel the auction the private bank to sell foreign currencies including the US dollar to save the exchange rate against the dinar, and prevent the increase of the dollar exchange rate, and the liberalization of price without any limitation and sell it to anyone who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is not Bank can do. ” revealed a source familiar for [where] on the transfer of officials in the bank [Middle East] and [North] to resume Rusafa court being involved manipulating the dollar’s exchange rate and bring bills incorrect Central Bank of Iraq. ” He added, “Also, Bank [United Investment also is under investigation, “likely to” impose fines against them for the existence of firm evidence against them. ” But these banks are still participate in the auction of central bank bought today more than 51 million Dolar.anthy
alliraqnews.com
