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- Shocking decline in the central bank's dollar sales today
- Time: 12/22/2020 15:03:20
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{Baghdad: Al Furat News} The Central Bank of Iraq’s sales of dollars on Tuesday fell shockingly, falling to 43%.
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 113 million 294 thousand and 784 dollars, and the cash sale amounted to only 200 thousand dollars.
As for the total sales, it was 113 million 494 thousand and 784 dollars.
The total sales of the currency auction yesterday were 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.
And the Central Bank of Iraq raised the exchange rate of the dollar against the 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, from the rise in prices, and had already negatively affected the movement of commercial centers and important markets such as Shorja and Jamila Alwa in Baghdad that seemed almost empty.
Central Bank Governor Mustafa Ghaleb said that the bank "will double the sale of the dollar 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."
Ammar Al-Masoudi
As for the total sales, it was 113 million 494 thousand and 784 dollars.
The total sales of the currency auction yesterday were 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.
And the Central Bank of Iraq raised the exchange rate of the dollar against the 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, from the rise in prices, and had already negatively affected the movement of commercial centers and important markets such as Shorja and Jamila Alwa in Baghdad that seemed almost empty.
Central Bank Governor Mustafa Ghaleb said that the bank "will double the sale of the dollar 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."
Ammar Al-Masoudi
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