The CBI sold dollar amount greater than State revenues from foreign currency
Documents. The Central Bank sold the dollar amount greater than State revenues from foreign currency January 23, 2016
Official document revealed to the parliamentary Finance Committee that the Central Bank sold a quantity of us dollar in the past year 2015 over Iraq's imports of foreign currency earned from the sale of crude oil in the same year.
The Commission compared in document obtained by each agency in Iraq between Iraq's oil imports by dollar value and Central Bank sales in the daily auction each month in 2015.
State revenue was oil for 2015 by the document amounted to 38 billion dollars, while sales of the Bank in the same year more than 44 billion dollars, far exceeding five billion dollars, that is what Iraq currency sellers more than imports.
The table below illustrates the difference between State revenues today yaat Central Bank dollar sales