The central bank window regains 70% of its buyers before the application of the electronic platform
The central bank window regains 70% of its buyers before the application of the electronic platform
2023-02-25
Yes Iraq: Baghdad
The Central Bank’s sales during the past week exceeded more than 710 million dollars, in a continuous context for more than two weeks, recording the highest sales since the application of the electronic platform in November.
Sales on Sunday amounted to more than 148.4 million dollars, Monday 122.6 million dollars, and Tuesday more than 129 million dollars, while Wednesday sales were the highest with more than 203.9 million dollars, while Wednesday amounted to 106.8 million dollars, so that the total sales during the past week were more than 710 million dollars.
As for the previous week, the total sales amounted to more than 724 million dollars. On Sunday, 305.4 million dollars were sold, 115.4 million dollars on Monday, 94.9 million dollars on Tuesday, and 208.7 on Wednesday. As for Thursday, it was a holiday and the auction did not open.
As for the preceding week, which can be considered the first week of February, sales amounted to $421 million, distributed between $82.1 million on Sunday, $98.9 million on Monday, $81.7 million on Tuesday, $82.9 million on Wednesday, and $76.2 on Thursday. Million dollars.
In general, it is clear that weekly dollar sales increased by 40% during the past two weeks compared to sales in the last weeks of January and the first week of February, so that daily sales exceeded the $100 million barrier after they fell from November to less than this level at a time when they were exceeding Before the application of the electronic platform, the barrier reached $220 million per day, i.e. weekly sales exceeded one billion dollars.
And while weekly sales have returned to the $700 million range, this indicates the return of merchants to finance their goods through the Central Bank, and the return of about 70% of sales, while 30% of sales are still far from the Central Bank of Iraq.
yesiraq.com
