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The results of the foreign currency sale window for Thursday 2/18/2021, and executed today

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tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR
February 18, 2021
The results of the foreign currency sale window for Thursday 2/18/2021, and executed today

Advertisement No. (4361)
Sale date - Thursday 2/18/2021 and executed today

the details
Amount
Total sale for the purposes of enhancing funds abroad (transfers, credits)
40,475,000
Total cash sale
200,000
Total sales
40,675,000

Note that:

The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
The cash sale price is ( 1460 ) dinars per dollar.
ยป The Central Bank of Iraq’s foreign currency sales schedule, Thursday 2/18/2021, and executed today

https://cbi.iq/currency_auction


_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

Reflection


MEMBER
MEMBER
I’m wondering why the cash sales lately are either zero or an even 200K. Seems fishy to me. Can you explain?

tlm724

tlm724
ADMINISTRATOR
ADMINISTRATOR
Reflection wrote:I’m wondering why the cash sales lately are either zero or an even 200K. Seems fishy to me. Can you explain?

There are several things going on. Iraq is now paying Iran in dinars for imports. More importantly Iraq's Supreme Judicial Council is investigating the CBI and 13 private banks over alleged involvement in money laundering and terrorist financing operations and exploiting the foreign exchange auction. While this investigation is ongoing these banks have been restricted thereby reducing the amount of dollars going out. Here is an article from Jan. 7th that may help :

{Al Furat News} reveals the results of the judicial investigation into the currency auction

https://www.bondladyscorner.com/t211113-al-furat-news-reveals-the-results-of-the-judicial-investigation-into-the-currency-auction?highlight=Rusafa+Investigation+Court


_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

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