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The Central Bank of Iraq's cash sales of dollars rise three times as remittances
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2022-12-28 03:59
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Shafaq News/ The Central Bank's dollar cash sales increased in an auction today, Wednesday, three times as much as transfers, with the participation of 27 banks.
Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 86,210,219 dollars, which the bank covered at a basic exchange rate of 1,460 dinars per dollar.
He added that cash sales increased three times as much as foreign remittances, amounting to 66,350,000 dollars, while the remaining 19,860,219 dollars went to strengthening balances abroad in the form of (transfers, credits).
Our correspondent indicated that the number of banks that bought the cash dollar amounted to 18, while the number of banks that met requests for strengthening balances abroad reached 9, while the total number of exchange and mediation companies participating in the auction was 268 companies.
Yesterday, Tuesday, Prime Minister Muhammad Shia al-Sudani directed the Central Bank of Iraq to activate steps to sell foreign currency at official rates to the population, with the aim of curbing the rise in the exchange rate of the dollar against the local currency in the markets.
And the exchange rate of the dollar continues to rise since days against the Iraqi dinar in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, and this rose yesterday, Tuesday, to approach the barrier of 160,000 dinars for the category of 100 dollars.
The rise of the dollar in the Iraqi local markets led to an increase in the prices of foodstuffs in the wholesale markets, which are considered the main artery of the citizen's life.
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[You must be registered and logged in to see this image.]
2022-12-28 03:59
Share
Font
Shafaq News/ The Central Bank's dollar cash sales increased in an auction today, Wednesday, three times as much as transfers, with the participation of 27 banks.
Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 86,210,219 dollars, which the bank covered at a basic exchange rate of 1,460 dinars per dollar.
He added that cash sales increased three times as much as foreign remittances, amounting to 66,350,000 dollars, while the remaining 19,860,219 dollars went to strengthening balances abroad in the form of (transfers, credits).
Our correspondent indicated that the number of banks that bought the cash dollar amounted to 18, while the number of banks that met requests for strengthening balances abroad reached 9, while the total number of exchange and mediation companies participating in the auction was 268 companies.
Yesterday, Tuesday, Prime Minister Muhammad Shia al-Sudani directed the Central Bank of Iraq to activate steps to sell foreign currency at official rates to the population, with the aim of curbing the rise in the exchange rate of the dollar against the local currency in the markets.
And the exchange rate of the dollar continues to rise since days against the Iraqi dinar in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, and this rose yesterday, Tuesday, to approach the barrier of 160,000 dinars for the category of 100 dollars.
The rise of the dollar in the Iraqi local markets led to an increase in the prices of foodstuffs in the wholesale markets, which are considered the main artery of the citizen's life.
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