The currency auction stops for a week as a result of banks ’fear of changing the dollar’s price
The currency auction stops for a week as a result of banks ’fear of changing the dollar’s price
Monday, April 5, 2021 | 01:36 PM
On Monday, a government source revealed that the currency auction was suspended for a week due to banks ’fear of changing the dollar’s price .
The source said that “banks stopped participating in the currency auction conducted by the Central Bank daily during the past week due to their fear of changing the exchange rate of the dollar in the budget that was approved last week .”
He added, “It is expected that banks will participate in the auction and submit their requests to the bank to buy the dollar, starting from the current week,” noting that “these requests will be implemented during the end of the week or the beginning of next week .”
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