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[size=36]A significant decline in the Central Bank's sales of hard currency .. And the reason?[/size]
Economie| 11:56 - 10/17/2021
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Baghdad - Mawazine News
The Central Bank of Iraq's dollar sales decreased significantly, today, Sunday, to record $52 million, with the entry into force of the bank's new instructions regarding hard currency sales.
Today, the Central Bank's auction for buying and selling foreign currencies witnessed a decrease in its sales by 74.76% to reach 52 million, and 70,000 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 51 million dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of one million and 70 thousand dollars went in cash.
Moreover, 8 banks responded to requests to enhance balances abroad, and two banks to meet cash requests, in addition to 11 mediation companies.
It is noteworthy that the Central Bank issued on September 26, new instructions for the sale and purchase of foreign currency for authorized banks and mediation companies, which will be applied starting today, Sunday, corresponding to the 17th of October, indicating that the goal behind this is to maintain the stability of currency exchange rates and adhere to the requirements of Anti-Money Laundering and Terrorist Financing Act. Ended 29/A 4
The Central Bank of Iraq's dollar sales decreased significantly, today, Sunday, to record $52 million, with the entry into force of the bank's new instructions regarding hard currency sales.
Today, the Central Bank's auction for buying and selling foreign currencies witnessed a decrease in its sales by 74.76% to reach 52 million, and 70,000 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 51 million dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of one million and 70 thousand dollars went in cash.
Moreover, 8 banks responded to requests to enhance balances abroad, and two banks to meet cash requests, in addition to 11 mediation companies.
It is noteworthy that the Central Bank issued on September 26, new instructions for the sale and purchase of foreign currency for authorized banks and mediation companies, which will be applied starting today, Sunday, corresponding to the 17th of October, indicating that the goal behind this is to maintain the stability of currency exchange rates and adhere to the requirements of Anti-Money Laundering and Terrorist Financing Act. Ended 29/A 4
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