In numbers … Profits of the banks controlling the currency auction within just 7 days
In numbers … Profits of the banks controlling the currency auction within just 7 days
2020-12-15
The latest statistics obtained revealed that the amount of sums obtained by the owner of the three banks (Middle East, Al-Qabid, and Al-Ansari) controlling the currency auction for the period from 11/22 to 11/30/2020 is 385 million dollars and 672 thousand dollars.
The total amounts granted in transfers and appropriations to the Middle East Bank amounted to 280 million dollars and 672 thousand dollars, while the total amounts granted to the clutch bank amounted to 52 million and 500 thousand dollars, while the total amounts granted to Al-Ansari Bank exceeded 52 million and 495 thousand dollars.
Thus, the total sum of what the merchant obtained for only 7 working days is $ 385 million and $ 672,000.
This was previously mentioned, and that the total sums obtained by the merchant for days 7/10 until 11/19 are one billion and 586 million and 613 thousand dollars, and accordingly, the total sum of what this merchant obtained during 37 working days is one billion and 972 million and 285 thousand dollars, i.e. About two billion dollars, which represents between 40-50 percent of the value of the amounts sold by auction through the Central Bank of Iraq during the same period.
All these statistics reveal the reasons for the secret of the rise in the dollar and the secret of the profits obtained as a result of this difference between the 119 bank rate for the bank and the 125 selling price for the rest of the merchants, and these statistics also reveal that monopolizing the dollar and controlling it by a certain group leads to imposing control and control of the Iraqi market.
burathanews.com
