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Neno's Place Established in 2006 as a Community of Reality


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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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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    1.6 billion dinars for Monday only.. Bank profits from cash sales to the Central Bank and the price

    Rocky
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    1.6 billion dinars for Monday only.. Bank profits from cash sales to the Central Bank and the price Empty 1.6 billion dinars for Monday only.. Bank profits from cash sales to the Central Bank and the price

    Post by Rocky Mon Dec 05, 2022 9:00 am


    [size=30]1.6 billion dinars for Monday only.. Bank profits from cash sales to the Central Bank and the price difference with the market

    2022-12-05
    [/size]
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    Yes Iraq: Baghdad

    The Central Bank of Iraq's sales of US dollars rose, to more than $140 million in an auction today, Monday, with the participation of 36 banks, more than $42 million of which went as cash sales.
    And the Central Bank sold today, during its auction for the sale and purchase of US dollars, 140 million and 70 thousand and 601 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.
    Most of the sales went to enhance balances abroad in the form of transfers and credits, amounting to 97,320,601 dollars, while the rest went in the form of cash sales, which amounted to 42,750 dollars.
    And 20 banks met requests to consolidate balances abroad, and 16 banks met cash requests, in addition to 137 mediation companies.
    The price of the dollar in the local markets reached 1497.5 dinars per dollar, at a time when banks bought the dollar from the Central Bank at its official price of 1460 dinars per dollar.
    Accordingly, the price difference amounts to 37.5 dinars per dollar, and by purchasing 42 million and 750 thousand dollars as cash sales to enhance market demand, this means that the banks’ profits from the currency difference between the official price and the market price amounted to 1.6 billion dinars.
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