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2022-06-02 05:52
Central Bank sales exceed one billion dollars in a week..a financial expert explains
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2022-06-02 05:52
Shafaq News/ The Central Bank of Iraq's sales of hard currency to the dollar this week amounted to more than one billion dollars, while a financial expert attributed the rise in sales to the increase in food prices globally.
Shafak News Agency correspondent stated that the Central Bank sold during the current week for the five days in which the auction was opened, starting from Sunday to Thursday, one billion and 50 million and 736 thousand dollars, at a daily rate of 210 million and 147 thousand and 300 dollars, an increase of 23.76% over the week Past".
Our correspondent added that the highest dollar sales were on Monday, where sales amounted to 216 million and 196 thousand and 141 dollars, while the lowest sales were on Wednesday, when sales amounted to 203 million and 900 thousand dollars.
He pointed out that 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.
The financial expert, Hilal Al-Tahan, said in an interview with Shafaq News Agency; "The increase in central bank sales, especially with regard to foreign remittances, is due to the rise in food prices globally, especially the basic ones, which have more than doubled."
He added, "Traders started raising requests to purchase dollars through remittances to cover their imports with larger amounts than the previous amounts for importing these materials."
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Shafak News Agency correspondent stated that the Central Bank sold during the current week for the five days in which the auction was opened, starting from Sunday to Thursday, one billion and 50 million and 736 thousand dollars, at a daily rate of 210 million and 147 thousand and 300 dollars, an increase of 23.76% over the week Past".
Our correspondent added that the highest dollar sales were on Monday, where sales amounted to 216 million and 196 thousand and 141 dollars, while the lowest sales were on Wednesday, when sales amounted to 203 million and 900 thousand dollars.
He pointed out that 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.
The financial expert, Hilal Al-Tahan, said in an interview with Shafaq News Agency; "The increase in central bank sales, especially with regard to foreign remittances, is due to the rise in food prices globally, especially the basic ones, which have more than doubled."
He added, "Traders started raising requests to purchase dollars through remittances to cover their imports with larger amounts than the previous amounts for importing these materials."
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