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In the first auction of the dollar after the central determining Mbaath..alpennek sells less than $ 75 million
Sunday, February 1, 2015
[Baghdad-where]
CBI recorded sales of the dollar today, more than 74 million in its first auction in the month of February and after the enactment of the financial budget for the current 2015 obliging the bank not to sell more than $ 75 million in the auction.
According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 74 million and 993 000 dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 20 banks."
He pointed out that "the quantity sold in cash amounted to seven million and 545 thousand dollars, and the quantity sold Khawwalat amounted to 67 million and 448 thousand dollars."
The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "
The central bank has sold in the past month, more than $ 2.8 billion.
It is expected that the dollar decline in auction sales this year, according to the law of the state budget, which began last Thursday,
The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
It was not known if the price of the Iraqi dinar will be affected by the application of this Article Observers fear that the lack of supply of the dollar in the markets will lead to a high price in dinars and is well known that the official price of the dollar is 1166 dinars while sold in the market at a price of 1220 dinars
For his part, member of the Finance Committee Jabbar al-Abadi's [where] that "the budget is the law of one fiscal year and thus central bank is obliged not to sell more than $ 75 million in its daily auction during this year."
He pointed out that "the central bank was selling to domestic banks amounts up to $ 300 million, the Finance Committee noted that this sale, reduce the hard currency in the bank and the country, and therefore requires, put restrictions on these sales, private, and these sales taint laundering operations funds so we put these restrictions designed to preserve the hard currency within the central bank ".anthy
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Sunday, February 1, 2015
[Baghdad-where]
CBI recorded sales of the dollar today, more than 74 million in its first auction in the month of February and after the enactment of the financial budget for the current 2015 obliging the bank not to sell more than $ 75 million in the auction.
According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 74 million and 993 000 dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 20 banks."
He pointed out that "the quantity sold in cash amounted to seven million and 545 thousand dollars, and the quantity sold Khawwalat amounted to 67 million and 448 thousand dollars."
The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "
The central bank has sold in the past month, more than $ 2.8 billion.
It is expected that the dollar decline in auction sales this year, according to the law of the state budget, which began last Thursday,
The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
It was not known if the price of the Iraqi dinar will be affected by the application of this Article Observers fear that the lack of supply of the dollar in the markets will lead to a high price in dinars and is well known that the official price of the dollar is 1166 dinars while sold in the market at a price of 1220 dinars
For his part, member of the Finance Committee Jabbar al-Abadi's [where] that "the budget is the law of one fiscal year and thus central bank is obliged not to sell more than $ 75 million in its daily auction during this year."
He pointed out that "the central bank was selling to domestic banks amounts up to $ 300 million, the Finance Committee noted that this sale, reduce the hard currency in the bank and the country, and therefore requires, put restrictions on these sales, private, and these sales taint laundering operations funds so we put these restrictions designed to preserve the hard currency within the central bank ".anthy
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