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In figures and graphs: The Central Bank “cuts” from its reserves and sends them to “enhance the external assets” for the account of other countries .. How much “drained” the stock?
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In figures and graphs: The Central Bank “cuts” from its reserves and sends them to “enhance the external assets” for the account of other countries .. How much “drained” the stock?
by claud39 Sat Dec 26, 2020 6:02 pm
[size=30]In figures and graphs: The Central Bank “cuts” from its reserves and sends them to “enhance the external assets” for the account of other countries .. How much “drained” the stock?[/size]
2020-12-26
Yes Iraq: Baghdad
The currency auction file continues to arouse suspicion and anger, because it caused the loss of billions of dollars of hard currency that goes abroad, under the pretext of "import", through the central bank selling dollars to traders and importers who take these dollars out of the country in exchange for bringing imported goods For the country.
By reviewing the data of the currency sale window, the dollars that the Central Bank sells daily, which exceeds one hundred million dollars, 80% of them go for the purpose of "strengthening the assets of the outside," which represents import allowances, compared to only 20% of these dollars go to the internal market for the purpose of filling the demand of citizens From hard currency and maintain the exchange rate.
And digital data revealed that the value of the central bank's reserve depletion to compensate for the foreign currency window sales during 2020 has reached more than 9 billion dollars, according to the data of the Central Bank of Iraq.
The Central Bank bought from the Ministry of Finance up to 26.6 billion dollars until October of 2020, and in return it sold more than 36 billion dollars through the currency sale window, which forced the central bank to compensate the difference from its reserves.
The months of August and September witnessed the highest depletion of the reserves, as the Central Bank did not purchase any amount from the Ministry of Finance, in return, it sold about $ 8 billion during the two months, which led to an increase in the volume of depletion.
The central bank usually buys dollars from the Ministry of Finance, provided that it resells it to the Iraqi market through the currency sale window to supply the local market from the demand for imported materials.
The total value purchased from the Ministry of Finance from 2003 to 2020 amounted to more than 625 billion dollars, while more than 583 billion dollars were sold during the same period, which strengthened the Central Bank's foreign currency reserves, but the state's revenues from foreign currency decreased and the demand for currency increased. In the local market, the Central Bank pushed an increase in the sale value more than the purchase value, which led to the depletion of part of its reserves during the past year.
https://yesiraq.com/%d8%a8%d8%a7%d9%84%d8%a3%d8%b1%d9%82%d8%a7%d9%85-%d9%88%d8%a7%d9%84%d8%b1%d8%b3%d9%85-%d8%a7%d9%84%d8%a8%d9%8a%d8%a7%d9%86%d9%8a-%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2/
2020-12-26
Yes Iraq: Baghdad
The currency auction file continues to arouse suspicion and anger, because it caused the loss of billions of dollars of hard currency that goes abroad, under the pretext of "import", through the central bank selling dollars to traders and importers who take these dollars out of the country in exchange for bringing imported goods For the country.
By reviewing the data of the currency sale window, the dollars that the Central Bank sells daily, which exceeds one hundred million dollars, 80% of them go for the purpose of "strengthening the assets of the outside," which represents import allowances, compared to only 20% of these dollars go to the internal market for the purpose of filling the demand of citizens From hard currency and maintain the exchange rate.
And digital data revealed that the value of the central bank's reserve depletion to compensate for the foreign currency window sales during 2020 has reached more than 9 billion dollars, according to the data of the Central Bank of Iraq.
The Central Bank bought from the Ministry of Finance up to 26.6 billion dollars until October of 2020, and in return it sold more than 36 billion dollars through the currency sale window, which forced the central bank to compensate the difference from its reserves.
The months of August and September witnessed the highest depletion of the reserves, as the Central Bank did not purchase any amount from the Ministry of Finance, in return, it sold about $ 8 billion during the two months, which led to an increase in the volume of depletion.
The central bank usually buys dollars from the Ministry of Finance, provided that it resells it to the Iraqi market through the currency sale window to supply the local market from the demand for imported materials.
The total value purchased from the Ministry of Finance from 2003 to 2020 amounted to more than 625 billion dollars, while more than 583 billion dollars were sold during the same period, which strengthened the Central Bank's foreign currency reserves, but the state's revenues from foreign currency decreased and the demand for currency increased. In the local market, the Central Bank pushed an increase in the sale value more than the purchase value, which led to the depletion of part of its reserves during the past year.
https://yesiraq.com/%d8%a8%d8%a7%d9%84%d8%a3%d8%b1%d9%82%d8%a7%d9%85-%d9%88%d8%a7%d9%84%d8%b1%d8%b3%d9%85-%d8%a7%d9%84%d8%a8%d9%8a%d8%a7%d9%86%d9%8a-%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2/
claud39- Elite Member
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Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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