Central announce the sale of $ 110 million per day during 2015 and confirms the decline for 2014

Author: ASJ, HA, HH
Editor: HA, HH

04.08.2015 10:04

Long-Presse / Baghdad
The Central Bank of Iraq, on Tuesday, the daily sales of the dollar rate during the current year 2015, amounted to $ 110 million a day, while pointing out that this is less about last year's average of 22%, he confirmed that the foreign currency cover more than "time and a half" to the size of the Iraqi currency in circulation.

The central bank said in a statement received (range Press) copy of it, "the daily sales of dollar sales for the year 2015 rate, stood at $ 110 million," noting that "this percentage to 22% less than last year."

The central bank stressed that "the strength and flexibility of its reserves of foreign currency and coverage for more than and a half times the size of the Iraqi currency in circulation which impact on the stability of the dinar exchange rate," denying "all press releases and information that indicated otherwise."

The central bank promised to "address some of the permit and analysis without reference to the detriment of accurate data bank and the Iraqi economy both domestically and internationally and information."

The Iraqi Central Bank has decided, in (June 20, 2015), to stop the deduction of tax and customs secretariats on the amounts due to the dollar remittances, while pointing to direct this decision since the 18th of June current.

He attributed the Governor of the Central Bank on the Keywords, in (June 20, 2015), the high dollar exchange rate to the large volume of imports and the migration of capital, and noted that this phenomenon worthy of study to gain access to economic, political and legal reform process, and in the detection of the launch of building an economic model in the project Iraq, stressed that the country needs an integrated economic model is able to select the tracks and objectives.

And it decided the Iraqi Central Bank on Tuesday (June 16, 2015), considered Saturday formally durable, to meet the need of banks currency, noting that reduced the duration of the special deposit amounts from ten to five days.

And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.