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CBI sold +1.3$ billion in forex last week

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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS

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CBI sold +1.3$ billion in forex last week Empty CBI sold +1.3$ billion in forex last week

Post by RamblerNash Tue Jul 12, 2022 3:02 am

CBI sold +1.3$ billion in forex last week 1657361023525
2022-07-09 03:03

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than 1.3 billion dollars in foreign currency (forex) last week.

Shafaq News Agency correspondent said that the CBI foreign currency sales last week amounted to $1,329,780,698 at an average of $265,956,139 daily, up by 5.58% from the week before.

"Thursday registered the lowest sales with $260,594,022 while Wednesday was the highest in sales with $274,161,227," our correspondent said.

The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that most of those sales went to boost assets abroad in the form of credit and non-cash transactions.

https://shafaq.com/en/Economy/CBI-sold-1-3-billion-in-forex-last-week
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CBI sold +1.3$ billion in forex last week Empty Re: CBI sold +1.3$ billion in forex last week

Post by YernMar Sat Aug 06, 2022 11:37 pm

This is a bold decision by the bank. Cryptocurrencies are one of the most unpredictable activities, and you never know how quickly and dramatically their value will change. I started researching this field almost two years ago with doughroller.net, and I don't think I have enough knowledge or courage to make this decision. I wonder what would happen if forex dropped instantly and their value was only 3k. Or worse, only three hundred and they lose everything they had.

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