Foreign currency exchange drops, Iraq’ central bank says
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Foreign currency exchange drops, Iraq’ central bank says

2021-07-15 05:14
Shafaq News / the Central Bank of Iraq announced on Thursday a decrease in the foreign currency exchange.
Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 6.25% decrease to 210,113,114 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.
He added that the sales operations were in the form of wire transfer and credits (179,773,114 dollars) and Cash (30,340,000 dollars).
Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.
The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.
https://shafaq.com/en/Economy/Foreign-currency-exchange-drops-Iraq-central-bank-says-5
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» Foreign currency exchange drops, Iraq’ central bank says
» Central Bank of Iraq sales of foreign currency drops 23 million USD
» Central Bank of Iraq sales of foreign currency drops $ 2 million
» Central Bank of Iraq sales of foreign currency drops 21 million USD
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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