The central bank auction continues to decline and is witnessing a rare event
The central bank auction continues to decline and is witnessing a rare event
12/24/2020 12:29:12
{Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continued to decline for the third consecutive day.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening balances abroad {transfers, credits} amounted to 76 million, 600 thousand and 801 dollars, which is the total sales, while the bank did not sell any dollar in cash.
Yesterday, foreign currency auction sales were $ 77 million.
The central bank sells dollars for the sums transferred to bank accounts abroad at a price of {1460} dinars per dollar, and cash sales at {1460} dinars per dollar, in implementation of its recent decision to raise the exchange rate.
The central bank’s sales on Thursday, Wednesday and Tuesday indicate that it contradicts the statements of the Central Bank’s governor, Mustafa Ghaleb, who said earlier that the bank “will double the sale of the dollar to exchange companies,” indicating that “the abundance of the dollar will make it stable in the market.”
The exchange rate of the dollar in Baghdad rose today to 1420 dinars.
alforatnews.com
