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The central bank raises its sales to 213 million dollars
Economical 2023/03/23
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Baghdad: morning
The Central Bank of Iraq’s sales of dollars increased in an auction yesterday, Wednesday, by 18.33%, to reach 213 million dollars, while the governor, Ali Al-Alaq, expected a decrease in the exchange rate of the parallel dollar.
And the Central Bank sold 213 million 257 thousand and 246 dollars, up by 18.33% compared to last Monday, when sales amounted to 180 million, 918 thousand and 851 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1310 dinars per dollar. Dollars for foreign transfers, at a price of 1310 dinars per dollar in cash.
Most of the dollar sales went to enhance balances abroad in the form of (remittances, credits) at 154 million 257 thousand and 246 dollars, while the rest of 58 million and 800 thousand dollars went in the form of cash sales.
The number of banks that bought cash dollars reached 12, while the number of banks that responded to requests for strengthening balances abroad reached 18, while the total number of exchange and mediation companies participating in the auction was 135 companies. For his part, the governor of the Central Bank, Ali Al-Alaq, explained that "the Central Bank launched several packages of measures, and that the packages that were launched are dealt with seriously to control the exchange rate of the parallel dollar."
Al-Alaq indicated that "the Central Bank's measures are continuing to control the exchange rate, and we expect a decline in the parallel exchange rate." The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers. Despite the procedures of the Central Bank and its approval of the exchange rate of 1132 dinars to one dollar, the exchange rates of the dollar still range between 1155 and 1158 dinars to the dollar in the markets.
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