A significant reduction of the central bank auction today is the first weeks ago to sell $ 156 million

by **Ponee** Thu Aug 27, 2015 12:29 pm

Recorded central bank sales, on Thursday, in the auction for the sale of foreign currency is the first significant decline since the week to sell $ 156 million after selling $ 218 million yesterday.

According to a statement of the bank, the agency received all of Iraq [where] a copy of "The size of the amount sold today by the bank at the auction of the dollar stood at 156 million and 610 000 and $ 848, priced at 1166 dinars exchange rate to the dollar, and with the participation of 27 banks and four companies of the financial convert" .

He pointed out that "the amount of remittances and credits amounted to 139 million and 645 thousand, and $ 848, while the quantity sold in cash 16 million and 965 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 of 1187 dinars / dollar, including the commission of the Central Bank of $ 21 dinars per dollar, with total cash sales price of the dollar in 1190 dinar / dollar, including the commission of the Central Bank of $ 24 dinars per dollar.

"and raised suspicions of corruption and operations of laundering money through the central bank auction where announced , specialized issues of integrity and economic crime and money laundering a misdemeanor court, on August 20 this issuance provisions of imprisonment and a fine against officials in the Rafidain and North after being convicted on charges of corruption and money laundering, a banner earlier in the presence of 20 defendants in this some issues largely Chairman .

"The Supreme Federal Court, announced on the sixth of July, several articles unconstitutional in budget 2015 law, including Article 50, the judge to" compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollar a day.

"with the exception of Governor of the Central Bank and the Agency on the Keywords, the court's decision as" came in accordance with the Constitution and the Law on the Central Bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions "

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