The central bank publishes currency auction sales for the dollar at the new rate
The central bank publishes currency auction sales for the dollar at the new rate
12/20/2020 15:16:47
(Baghdad: Al Furat News) The Central Bank of Iraq sold more than 207 million dollars in its window to sell foreign currency, today, Sunday.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening funds abroad (transfers, credits) amounted to 198 million and 768 thousand and 67 dollars, and the cash sale amounted to 8 million and 600 thousand dollars.
As for the total sales, it was 207 million and 368 thousand and 67 dollars.
The sale price of the sums transferred to bank accounts abroad was (1460) dinars per dollar, and the cash sale price was (1460) dinars per dollar, in implementation of his decision yesterday to raise the exchange rate.
The Central Bank of Iraq had raised the exchange rate of the dollar against the Iraqi dinar to 1470 dinars for the public and 1460 dinars for the banks participating in the currency auction.
The decision caused concern and fear among Iraqis, especially employees, of high prices, and had already negatively affected the movement of commercial centers and important markets such as Shorja and Jameela Alwa in Baghdad.
Central Bank Governor Mustafa Ghaleb said that the bank “will double the sale of dollars to exchange companies,” indicating that “the abundance of dollars will make it stable in the market.”
He pointed out that “the Ministry of Finance formally requested an increase in the exchange rate of 1450 dinars to one dollar, and we asked for his presence to explain the reasons for raising the value of the dollar,” stressing that “the Iraqi reserve is still in good standing.”
alforatnews.com
