Central continued increase in sales of the dollar to curb its rise

1401 2016
Record the central bank auction on Thursday, the second day increase in foreign currency sales rate, sold more than $ 201 million after yesterday sold $ 213 million higher than the previous days that were Without these sales.

An attempt by the Bank to adjust the exchange rates of the dollar against the Iraqi dinar This increase comes after a relative rise witnessed in the past few days.

According to a statement of the bank, the agency received all of Iraq [where] a copy of "The size of the amount sold today reached 201 million, Wu thousand dollars, at a price of 1182 dinars exchange rate to the dollar, and with the participation of 25 banks and 21 companies for the fiscal conversion."

He pointed out that "the amount of remittances and credits amounted to 171 million and 149 thousand and $ 926, while the quantity sold was 30 million in cash, and 70 thousand dollars."

The statement said 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 1190 dinars per dollar."

The local markets have seen yesterday and today marked increase in the dollar exchange rate of the dinar against the dollar Wednesday as the one reached in 1228 dinars [128 000 dinars for one hundred dollars.

He attributed the currency traders and economists this rise to a lack of supply of the dollar at the central bank's daily auction during the past few days, including the disproportionate to the market need of foreign currency continues to rise, expecting the dollar to 1,500 dinars [150 000 dinars for one hundred dollars.

For his part, the bank denied the rumors that there is a lack of liquidity or operations stopped selling the dollar, "accusing some speculators and other abusive conduct during the past few days, the exploitation of the statements of some officials and politicians, as reflected in the exchange rates of manipulating the local market."

He stressed that he "continues to work window sell the currency and meet the market needs of the dollar in light of the strength of its reserves of foreign currency."

agency all of Iraq News 2016