The central bank will open its auction to sell $ 85 million

27.03.2016 15:07

{Baghdad} Euphrates News Central Bank opened on Sunday, the auction for the sale of foreign currency to sell $ 85 million.

According to a statement of the bank received by the agency {Euphrates News} a copy of it, " The size of the amount sold today reached 85 million, 174 thousand, and $ 641, priced at 1182 dinars exchange rate against the dollar, and with the participation of 25 banks and 20 companies for the fiscal transfer."

And that "sale amounts transferred to the accounts of banks abroad will be priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar."

The Governor of the Central Bank and the agency on the Keywords, announced last Wednesday, the bank 's intention to reduce sales of the dollar by 50% for the year 2016 ongoing, stressing the need to take into account supply and demand.

Keywords and said in a televised interview, said that "rationing exists with the bank to sell the dollar during the auction conducted by, where we started to cut these sales in 2015, which amounted to 25% compared to the previous year . " , pointing out that "the year 2016 perhaps we will reach this sales decrease by 40 to 50% from the previous year." Ended h