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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The collapse of the central bank's cash sales by 95%... does it indicate a problem or a natural decl

    Rocky
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    cash - The collapse of the central bank's cash sales by 95%... does it indicate a problem or a natural decl Empty The collapse of the central bank's cash sales by 95%... does it indicate a problem or a natural decl

    Post by Rocky Sun 06 Mar 2022, 8:33 am


    [size=30]The collapse of the central bank's cash sales by 95%... does it indicate a problem or a natural decline?

    2022-03-06
    [/size]
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    Yes Iraq: Baghdad

    In an incomprehensible decline, the Central Bank’s “cash sales” of the dollar declined by 95%, in an indication of the lack of demand for the dollar in the local markets, while the sales of foreign remittances of the dollar related to the import of goods to Iraq stabilized.
    The tables of hard currency sales from the Central Bank on Sunday showed that 113 million and 670 thousand and 566 dollars were sold, and while foreign remittances sales amounted to 112 million and 710 thousand and 566 dollars, cash sales to banks and mediation companies amounted to only 960 thousand dollars, at a time when these sales amount to Usually 17 million a day on average.
    This huge decrease is related to the decrease in the number of banks that participated in the auction of selling currency for cash sales. While the number of participating banks usually reaches 10-15 banks per day, only two banks participated in the auction on Sunday, which indicates a decline in demand, or other indicators that may relate to “narrowing.” “On banks that do not apply the standards and conditions.
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    However, these questions can be denied by looking at the sales of tomorrow, Monday, which the Central Bank has already announced today. Tomorrow’s sales, whose orders were counted today, amounted to 109 million, which is also a decrease in total sales, but the decline came this time with sales of foreign remittances related to With imports, it amounted to a little more than 93 million dollars.
    On the other hand, cash sales returned to rise from less than one million dollars on Sunday, to about 17 million dollars on Monday, with the participation of 10 banks, up from two banks only today, Sunday.
    The return of the rise in the number of banks participating in the currency sale auction for cash requests, and the rise of cash requests to about 17 million dollars, explains that the decline today, Sunday, is a natural decline, possibly related to a drop in demand for the dollar, or “beliefs” that were common during the past days that Sunday will be an official holiday.
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