A significant decline in sales of central bank auction today

by **Ponee** Tue Jul 12, 2016 9:29 pm

{Baghdad: Euphrates News} CBI sold on Tuesday, $ 95 million in the auction for the sale of foreign currency, as yesterday sold 24 million, thus registering a significant decline in sales compared Bimbiath before Eid al-Fitr holiday as it was 138 million.

According to a statement of the Central Bank received by the agency {Euphrates News} a copy of it today that " the size of the amount sold today reached 95 million, 137 thousand, and $ 300, priced at 1182 dinars exchange rate against the dollar, and with the participation of 29 banks and 17 financial transfer company."
And that "sale amounts transferred to the accounts of banks abroad will be priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar."

He added that " the amount of remittances and credits amounted to 56 million, and 327 thousand, and $ 300, while the quantity sold in cash five million, and 10,000 dinars. "

a source at the Central Bank has revealed the 19 of last may, for {Euphrates News}, depriving a number of financial companies to participate in the bank 's auction for the sale of foreign currency; and to dealing with Daash gangs, and funding.

He explained that " the bank 's actions in the recent period with banks, companies and banking, financial and conversion become severe in terms of sanctions, which include the denial of entry of an auction of foreign currency sale for a month with the approval of the governor, which affects the sales of the bank, as there have become scarce , failure to enter the companies to the auction leads to a lack of width dollar. "
the source added , " have been deprived of many companies to participate in the auction, based on the penalties to be applied from the central bank; for violating the directive, as there are companies dealing with Daash according to what came to us from the information, and the denial of the auction until further notice, pending verification of not dealing with Daash in funding be returned to the auction ,

http://alforatnews.com/modules/news/article.php?storyid=121970

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