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Central Bank to take new measures to halt the decline of the dinar
Thu, April 9 / April 2015 13:34
Twilight News CBI / announced on Thursday to take new action to stop the continuous decline of the dinar against the dollar since late last year.
everythingThe bank said in a statement reported for "Twilight News" that he decided to double the share of banking companies of the dollar in foreign exchange selling auctions.
He added that he also decided to allow banks Rafidain and Rasheed and the Iraqi Trade (all government) to open windows to sell the dollar companies and small importers.
The bank said that the aim of the new measures to reduce the price of the dollar against the local currency.
The dollar price in domestic markets to the dinar gradually to reach 1229 dinars to the dollar compared to the B1225 dinars to the dollar over the past month and 1,200 dinars to the dollar late last year in 2014.
The decline came after the bank lowered its sales from the dollar to $ 75 million a day in the current year, from $ 250 million a day in the past.
And forced the bank to reduce the daily sales of foreign exchange as a result of falling oil prices to around $ 50 per barrel since the summer of last year.
Iraq relies on the sale of oil revenues to fund 95 percent of the expenses.
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Thu, April 9 / April 2015 13:34
Twilight News CBI / announced on Thursday to take new action to stop the continuous decline of the dinar against the dollar since late last year.
everythingThe bank said in a statement reported for "Twilight News" that he decided to double the share of banking companies of the dollar in foreign exchange selling auctions.
He added that he also decided to allow banks Rafidain and Rasheed and the Iraqi Trade (all government) to open windows to sell the dollar companies and small importers.
The bank said that the aim of the new measures to reduce the price of the dollar against the local currency.
The dollar price in domestic markets to the dinar gradually to reach 1229 dinars to the dollar compared to the B1225 dinars to the dollar over the past month and 1,200 dinars to the dollar late last year in 2014.
The decline came after the bank lowered its sales from the dollar to $ 75 million a day in the current year, from $ 250 million a day in the past.
And forced the bank to reduce the daily sales of foreign exchange as a result of falling oil prices to around $ 50 per barrel since the summer of last year.
Iraq relies on the sale of oil revenues to fund 95 percent of the expenses.
[You must be registered and logged in to see this link.]
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