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An economist wonders: Where does a billion dollars go in a weekly currency auction?

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An economist wonders: Where does a billion dollars go in a weekly currency auction?

Wednesday 17, May 2023 16:51 | Economical     Number of readings: 673

Baghdad / NINA / -
The economist, Salam Sumaisem, expressed her question about the fate of the Iraqi Central Bank's auction sales of hard currency.

Sumaisem said in a tweet via Twitter:

"Where do these millions go in light of a small economy like the economy of Iraq??,

at a rate of 200 million dollars per day x 5 days = 1000 million, or one billion dollars,

is this billion per week really for the supply of goods and services in Iraq??”
/ End 8

https://ninanews.net/Website/News/Details?key=1053992


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