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More than three-quarters. "Big" decline in central bank sales

rocky
rocky
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 More than three-quarters. "Big" decline in central bank sales Empty More than three-quarters. "Big" decline in central bank sales

Post by rocky on Wed 13 Jan 2021, 8:20 am

More than three-quarters. "Big" decline in central bank sales

 2021-01-13 03:07
  
Shafq News / The Central Bank of Iraq's foreign exchange sales fell sharply on Wednesday, registering a "significant" decline of 76.09 percent.

During its auction for the sale and purchase of foreign currencies, the Central Bank of Iraq witnessed a 76.09 percent drop in sales to 3 million and 250,000 dollars, which was covered by the bank at a base exchange rate of 1,460 dinars per dollar, compared to Tuesday's sales of 13 million and 596,000 dollars, according to a reporter of The Twilight News Agency.

He added that all sales went to boost balances abroad in the form of remittances and credits, while no cash purchases were made.

Our correspondent noted that only two banks have met requests to strengthen assets abroad.
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