High Central bank sales of the dollar to $91 million Aktrmen

by **Ponee** Mon Feb 02, 2015 8:20 am

According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 91 million and 724 thousand dollars at 1166 dinars to the dollar exchange rate and the participation of 16 banks."

He pointed out that "the quantity sold in cash amounted to seven million and 650 thousand dollars, and the quantity sold Khawwalat amounted to 84 million and 74 thousand dollars."

The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "

The central bank has sold in the past month, more than $ 2.8 billion.

It is expected that the dollar sales decline in the auction for this year, according to the law of the state budget, which began in Parliament on 29 January last is expected to be published in the coming days after the presidency authentication to put into practice.

The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.

It was not known if the price of the Iraqi dinar will be affected by the application of this Article Observers fear that the lack of supply of the dollar in the markets will lead to a high price in dinars and is well known that the official price of the dollar is 1166 dinars while sold in the market at a price ranging at a rate of 1220 Danara.anthy

2015-02-02

http://www.alliraqnews.com/2014-06-14-07-34-14/165590--91-.html