Urgent An unprecedented drop in central bank auction sales
Urgent An unprecedented drop in central bank auction sales
12/23/2020 13:21:46
{Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales fell today, Wednesday, in an unprecedented way.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening the funds abroad {transfers, credits} amounted to 77 million 450 thousand and 994 dollars, and the cash sale amounted to only 200 thousand dollars.
As for the total sales, it was 77 million 650 thousand and 994 dollars.
The central bank’s sales in the currency auction yesterday were $ 113 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 Wednesday and yesterday reflect the statements of the Central Bank’s governor, Mustafa Ghalib, 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.”
alforatnews.com
