Low central bank sales in the currency auction

February 16, 2016 18:59
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CBI sales, fell on Tuesday in the foreign currency auction, selling $ 101 million and is the lowest sales recorded by the bank in recent weeks.

A statement from the bank, "The size of the amount sold today reached 101 million, 450 thousand dollars at the exchange rate in 1182 dinars to the dollar, and with the participation of 28 banks and 21 financial company to convert."
The statement pointed out that "the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar."
The central bank sold $ 3.3 billion during the month of December.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year 2015 amounted to more than Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the next state revenues from oil for the year 2015 amounted to $ 38 billion, while the bank's sales of more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.