The rate of raising the Central Bank’s sales.. numbers equal to the rate of decline, and it aims to resell $230 million daily
The rate of raising the Central Bank’s sales.. numbers equal to the rate of decline, and it aims to resell $230 million daily
2022-12-05
Yes Iraq: Baghdad
With the decline in sales of the Central Bank of Iraq since the beginning of last November, dollar prices in the market began a wave of instability until it rose to more than 150 thousand dinars per 100 dollars, in a record rise for the first time in two years.
This prompted Prime Minister Muhammad Shia al-Sudani to meet with the governor of the Central Bank, Ghaleb Makhaif, and directives to take measures to provide dollars in the market for citizens.
Central Bank sales have decreased since the beginning of last November, from an average of $230 million per day to an average of $140 million per day, which is a decrease of about 40%.
Following Al-Sudani’s meeting and his directives to the Central Bank, the Central Bank decided to raise its dollar sales to exchange companies at various levels, as well as to raise the level of dollar sales to travelers.
central bank
Dollar sales to travelers increased from 3 thousand dollars to 5 thousand dollars, with an increase rate of 60%, while dollar sales to exchange companies A were raised from one million and 500 thousand dollars, to one million and 800 thousand dollars, with an increase rate of 20%, while dollar sales were increased. To exchange companies from 500 thousand dollars to 750 thousand dollars, with an increase rate of 50%, while dollar sales to exchange companies C were raised from 50 to 80 thousand dollars, with an increase rate of 60%.
Accordingly, the average increase in sales will reach more than 40%, a number equal to the decline in sales that began in November.
This means that the percentages by which the central bank raised its sales aim exactly to raise sales back to their previous levels of more than $230 million per day.
yesiraq.com
