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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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    Currency sale auction.. the central bank sold 67% of the dollars that Iraq obtained from selling oil

    Rocky
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    Currency sale auction.. the central bank sold 67% of the dollars that Iraq obtained from selling oil Empty Currency sale auction.. the central bank sold 67% of the dollars that Iraq obtained from selling oil

    Post by Rocky Mon 04 Oct 2021, 7:41 am


    [size=30]Currency sale auction.. the central bank sold 67% of the dollars that Iraq obtained from selling oil in September


    2021-10-04
    [/size]
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    Yes Iraq: Baghdad

    The Central Bank of Iraq's sales of hard currency during the month of September amounted to nearly 4.5 billion dollars, while Iraq's revenues from selling oil during the same month amounted to 6.7 billion dollars.
    And the Central Bank sold during the month of September, in its auction to buy and sell US dollars, 4 billion and 448 million and 900 thousand dollars, at a rate of 211 million and 852 thousand and 394 dollars per day, down from last August, in which the sales rate amounted to 224 million and 438 thousand and 290 dollars.
    Most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar.
    These sales of hard currency came in September, at a time when Iraq's hard currency revenues by selling oil during the same month amounted to 6.7 billion dollars.
    Where the Ministry of Oil indicated that “the revenues of last September amounted to (6) billion and (711) million and (7) thousand dollars.”
    The statement added, "The quantity of crude oil exports amounted to (92) million (422) thousand and (485) barrels," noting that "the average price per barrel amounted to (72,612) dollars."
    He continued, "The daily average of total oil exports amounted to (3) million and (81) thousand barrels per day," noting that "the announcement of the figures came to inform the people of the export operations and the revenue generated."
    On this basis, the percentage of hard currency sold by the Central Bank is equivalent to 67% of what it received in hard currency as a result of selling oil in September.
    The central bank sells hard currency to boost the demands of citizens at home as well as traders and importers.
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