The Central Bank sold $ 114 million at auction today.

2016/09/25 14:25

{Baghdad: Euphrates news} sold Central Bank, Sunday, 114 million dollars, on Monday to sell foreign currency.

The Bank said in a statement, the Agency received a copy of {Euphrates news}, that "the amount sold today reached 114 million, and 221 000, $ 577, 1182 dinars exchange rate of the dollar, with the participation of 27 banks and 15 financial transfer company."

"The sale transfers to bank accounts abroad be priced at $ 1190 each DT either cash sale price is priced at $ 1182 dinars."

"The size of remittance payments and credits totaled 77 million, 960, 000, and 577 dollars, while quantity sold 18 million in cash, $ 60, 000.

He was General Manager of the Bank's credit and banking control Ihsan HostMonster yasiri, said on the 4th of September, in a press statement that "the Iraqi Central Bank reserves of foreign currency amounting up to 50 billion dollars and is very natural with a country three years ago to a large fiscal deficit in the country", noting that "the foreign reserves are according to the International Monetary Fund on the security side."

He said that "more than 90% of Central Bank sales during the documentary used internationally and dependent either direct sales through the window of the sale of foreign currency to sustain the economy and pump the dollar for trade".