Central Bank lifted restrictions on auction to buy the U.S. dollar from treasury

Iraqi central bank raised restrictions it had imposed in 2011 on the auction to buy the US dollar from the treasury.

The sources said that “it shares to raise the exchange rate of the Iraqi dinar against the dollar, up to 1170 dinars to the dollar one, after a week ago was equal to 1220 dinars.”

The deputy governor of the Bank the appearance of Mohammed Saleh, said that “the central bank’s measures, and in particular the adoption of the commercial register of the buyer, was able to reduce demand and save about $ 100 million of the quota allocated to the market, amounting to $ 340 million.”

For its part, reported a member of the Finance Committee in the House of Representatives Majida al-Tamimi, “The decline in demand for the U.S. dollar was due to the monopoly of six banks to auction the Central Bank of Iraq.”

She added that ” most of the trade and transfers with those banks and real fake but not exceeding them 10%. “