Central Bank of Iraq open weekend its sale of $ 89 million in auction

Central Bank of Iraq open weekend its sale of $ 89 million in auction

Sales of the Iraqi Central Bank Bmzadeh for the sale and purchase of foreign currencies, on Wednesday, to record the amount of $ 89 million, compared to 154 million the previous session, the exchange rate based on 1166 Iraqi dinars for every dollar.
The bulletin issued by the Central Bank that the total volume of demand for the dollar stood at 89 million and 798 thousand dollars, covered by the central bank at an exchange rate basis was 1166 Iraqi dinars to the dollar. “The Central sales reached 154 million and 840 thousand dollars in the previous session. This comes after fall sharp dollar sales in the Central Bank on the fourth of April, after his decision to tighten the conditions of sale currency, reaching less than half the average normal to the need of the market daily, which ranges between 150 to 160 million dollars a day. The sales meeting yesterday, declining average sales routine over the past few years, after being dropped dramatically since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand than ever, because of the sanctions imposed on Iran and Syria and the decline in exchange rates Altoman and pound to half . which called for the central bank to tighten sale of foreign currency for the required private banks to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, relating to the use of the instrument certified to the customer one is for informational purposes. to return the central and emphasizes procedures for the sale of money orders this week the past, and declares it responds to the orders, but the existence of accountable tax year, and official documents to prove that the money is going to trade already, bringing the dollar exchange rate locally abruptly up to 1270 Iraqi dinars per dollar, after it was at 1240 Iraqi dinars per dollar. and distributed sales demand for cash of $ 2.8 million dollars, “with sales orders,” $ 86 million and 998 thousand dollars at the exchange rate was 1179 Iraqi dinars per dollar, “inclusive of” commission of the Central Bank amounting to 13 dinars per dollar. “the bulletin stated that” the banks of the 16 common auction did not make any offers to sell dollars. “The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers the amount of 13 Iraqi dinars per dollar.

Source: aladalanews