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Central opens this week to sell $ 224 million in auction
Baghdad - The World
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Sales of the Iraqi Central Bank Bmzadeh for buying and selling foreign currencies at the opening of its weekly, on Sunday, to a record $ 224 million versus $ 259 million recorded the previous session, the exchange rate based on 1166 dollars for every dollar.
The bulletin issued by the Central Bank and the world received a copy of which was that the total volume of demand for the dollar total of 224 million and 970 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar. "
The Central sales reached 259 million and 77 thousand dollars in the previous session.
This comes after a sharp decline of the dollar sales in the Central Bank on the fourth of April, after his decision to tighten the conditions of sale currency, reaching less than half the average normal to the need of the market daily, which ranges between 150 to 160 million dollars a day.
The sales meeting yesterday elevated significantly from the average sales routine over the past few years, after they have fallen significantly since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand in an unprecedented , because of the sanctions imposed on Iran, Syria, prices fell and the lira exchange Altoman half.
Which called for the central bank to tighten foreign currency sale to private banks are required to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, and ratified the instrument on the use of a single customer for the purposes of tariff.
To return the central and emphasizes procedures for the sale of money orders last week, and declares it responds to the orders, but the existence of accountable tax year, and official documents to prove that the money is going to trade already, bringing the dollar exchange rate locally abruptly up to 1270 dinars per dollar, after it was at 1240 dinars per dollar.
And distributed sales on the cash demand of $ 18 million and 300 thousand dollars, "while sales orders," the amount of 206.67 million dollars at the exchange rate was 1179 dinars per dollar, "inclusive" the amount of commission the Central Bank of 13 dinars per dollar. "
Bulletin indicated that "the 20 banks did not make the joint auction sale any offers for the dollar."
The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission on the sale and cash transfers of $ 13 dinars per dollar.
[You must be registered and logged in to see this link.]
Baghdad - The World
[You must be registered and logged in to see this image.]
Sales of the Iraqi Central Bank Bmzadeh for buying and selling foreign currencies at the opening of its weekly, on Sunday, to a record $ 224 million versus $ 259 million recorded the previous session, the exchange rate based on 1166 dollars for every dollar.
The bulletin issued by the Central Bank and the world received a copy of which was that the total volume of demand for the dollar total of 224 million and 970 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar. "
The Central sales reached 259 million and 77 thousand dollars in the previous session.
This comes after a sharp decline of the dollar sales in the Central Bank on the fourth of April, after his decision to tighten the conditions of sale currency, reaching less than half the average normal to the need of the market daily, which ranges between 150 to 160 million dollars a day.
The sales meeting yesterday elevated significantly from the average sales routine over the past few years, after they have fallen significantly since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand in an unprecedented , because of the sanctions imposed on Iran, Syria, prices fell and the lira exchange Altoman half.
Which called for the central bank to tighten foreign currency sale to private banks are required to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, and ratified the instrument on the use of a single customer for the purposes of tariff.
To return the central and emphasizes procedures for the sale of money orders last week, and declares it responds to the orders, but the existence of accountable tax year, and official documents to prove that the money is going to trade already, bringing the dollar exchange rate locally abruptly up to 1270 dinars per dollar, after it was at 1240 dinars per dollar.
And distributed sales on the cash demand of $ 18 million and 300 thousand dollars, "while sales orders," the amount of 206.67 million dollars at the exchange rate was 1179 dinars per dollar, "inclusive" the amount of commission the Central Bank of 13 dinars per dollar. "
Bulletin indicated that "the 20 banks did not make the joint auction sale any offers for the dollar."
The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission on the sale and cash transfers of $ 13 dinars per dollar.
[You must be registered and logged in to see this link.]
