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A significant increase in foreign remittances from the dollar in the bank auction.. and an expert: it increased after the opening of imports
2022-04-24 05:54
Shafaq News/ Foreign remittances of the dollar in central bank sales rose
significantly at the expense of cash sales in today's auction, while a financial expert attributed this to the opening of imports.
Shafak News Agency correspondent stated, "The Central Bank sold today, during its auction to buy and sell US dollars, 209 million and 502 thousand and 224 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that more than 89% of these sales went to enhance balances abroad in the form of remittances and credits, amounting to 188 million and 903 thousand and 224 dollars, while the rest went in the form of cash sales, which amounted to 20 million and 600 thousand dollars.
till then; Financial expert Hilal Al-Tahan said in an interview with Shafak News Agency; "The increase in the bank's sales from foreign remittances is due to the opening of imports of some food and agricultural materials, which the government has set for a period of three months."
Miller added; That "the decision to open imports comes after the rise in food prices and to confront the food crisis that included all countries of the world," noting that "the bank's sales of foreign remittances will remain high until the end of the period specified by the government to import foodstuffs."
Al-Tahhan expected that "the monetary demand for the dollar will also rise before Eid al-Fitr, as a result of the high demand for it internally by citizens as a result of the demand for travel during this period."
[You must be registered and logged in to see this link.]
Shafaq News/ Foreign remittances of the dollar in central bank sales rose
significantly at the expense of cash sales in today's auction, while a financial expert attributed this to the opening of imports.
Shafak News Agency correspondent stated, "The Central Bank sold today, during its auction to buy and sell US dollars, 209 million and 502 thousand and 224 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that more than 89% of these sales went to enhance balances abroad in the form of remittances and credits, amounting to 188 million and 903 thousand and 224 dollars, while the rest went in the form of cash sales, which amounted to 20 million and 600 thousand dollars.
till then; Financial expert Hilal Al-Tahan said in an interview with Shafak News Agency; "The increase in the bank's sales from foreign remittances is due to the opening of imports of some food and agricultural materials, which the government has set for a period of three months."
Miller added; That "the decision to open imports comes after the rise in food prices and to confront the food crisis that included all countries of the world," noting that "the bank's sales of foreign remittances will remain high until the end of the period specified by the government to import foodstuffs."
Al-Tahhan expected that "the monetary demand for the dollar will also rise before Eid al-Fitr, as a result of the high demand for it internally by citizens as a result of the demand for travel during this period."
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