Concludes with a weekend its central bank sold $ 276 million in auction

Concludes with a weekend its central bank sold $ 276 million in auction

19/07/2012 14:31

Erbil, July 19 (Rn) – concluded the Iraqi Central Bank sales of the dollar in the auction for the sale and purchase of foreign currency, on Thursday, to sell $ 276 million, at an exchange rate based on 1166 dollars for every dollar. The bulletin issued by the Bank and reviewed agency Kurdistan News (Rn ) should “the total volume of demand for the dollar stood at 276 million and 633 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar.” and the imposition of bank procedures more stringent in the auction to sell the dollar after he said that the currency you go to the neighboring countries, especially Syria Iran and imposed upon economic sanctions. According to the bulletin, “the sales were distributed on-demand cash amount of eight million and 325 thousand dollars, while sales transfers $ 268 million and 308 thousand dollars at the exchange rate was 1179 dinars per dollar, including the commission of the Central Bank amounting to 13 dinars per dollar, While not banks offer the 30 common auction eBay offers sale of dollars. ” The market is in weeks fluctuation in the exchange rate of the dinar against the U.S. dollar, which cited experts to restrictions imposed by the Bank on the sales of hard currency. The main tasks of the central bank in maintaining price stability and implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector. Open: Joseph Karwan

Source: aknews