High central bank sales in the auction today to more than $ 93 million

Central bank sales rose for a foreign currency in the auction, on Wednesday, to more than $ 93 million after being hit on Tuesday 73 million and US $ 887 000.

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 93 million and 35 000 dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 19 banks."

He pointed out that "the quantity sold in cash amounted to 10.035 million dollars, and the quantity sold Khawwalat amounted to $ 83 million."

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, which was ratified by the Presidency on Tuesday to put into effect after its publication in the official newspaper, days after the facts.

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 Atar.anthy



Wednesday, February 11, 2015 15:05

http://www.alliraqnews.com/2014-06-14-07-34-14/166635--93-.html