Announcement No. (2876)
The latest daily currency auction was held in the Central Bank of Iraq on the 29-1-2015 results were as follows:
Market Rate 1227
DETAILS NOTES Number of banks 20 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 98,234,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 98,234,000 Total offers for selling (US$) -----
COMMENT : WE HAVE ALL BEEN WONDERING WHAT THE DECLINE IN VOLUME AT THE CBI CURRENCY AUCTION MEANS, IF ANYTHING :
Parliamentary Finance determines the central bank sales of the roof of the dollar at auction
By Adminsa 01/29/2015 11:42
Brother - Baghdad
Revealed the Parliamentary Finance Committee member Magda Tamimi lower central bank reserves of 77 billion to $ 67 billion because of the "smuggling", while suggesting to put a ceiling on bank sales of $ 75 million a day.
Tamimi said in a statement seen by the Agency for News Agency (et) "The banking business in Iraq is in great danger as its capital is much larger than deposits, in addition to not exploit his money well."
She added, "There is a big sales day in the currency auction up to 200 to 250 million dollars," pointing out that "the Finance Committee has taken other measures to lower sales to $ 75 million a day."
Tamimi They pointed out that "the central bank reserves were $ 77 billion in January 2014, but now has dropped to $ 67 billion due to smuggling."
SCZIN11- One has to wonder if there is a CAP of $75 million, how did the sales reach $98 MILLION today?