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Urgent: a significant decline of the dollar exchange rate .. The bank attributes the increase in central bank sales
6/19/2015
BAGHDAD / integrity - saw the dollar exchange rate against the dinar in local markets on Thursday, a significant decline, reaching about 1300 dinars to the dollar (130 000 dinars per hundred dollars). The bank attributed the decline to "the significant increase in the Central Bank of Iraq Bmzadeh sales to sell currencies with the possibility of increasing to cancel his holiday on Saturday."
And saw the local markets in the past few days the dollar exchange rates rise, reaching more than 1,400 dinars to the dollar, that is equal to the percent of $ 140 000 dinars.
The official exchange rate of the Central Bank of Iraq in 1166 dinars per dollar, meaning it is the official price rose about 234 dinars, an increase of 20%.
And sold the Central Bank of Iraq in the auction yesterday amount of dollar estimates three times higher than decided by the budget law for 2015 to $ 75 million a day where bank sales amounted to more than $ 257 million yesterday at a price stood at a price of 1166 dinars to the criticism, and remittances in 1187 dinars as a safety him to reduce the high dollar exchange rate and cover the needs of the local market of foreign currency.
He assured the Prime Minister Haider al-Abadi yesterday of "a lack of fear of exchange rate of the Iraqi dinar rate compared to the US dollar," vowing to "strike manipulators prices dollar with an iron fist," noting that "there is speculation and manipulation by corrupt and who want to influence the economic conditions and manipulation Bakot people Iraqi ".anthy 4
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6/19/2015
BAGHDAD / integrity - saw the dollar exchange rate against the dinar in local markets on Thursday, a significant decline, reaching about 1300 dinars to the dollar (130 000 dinars per hundred dollars). The bank attributed the decline to "the significant increase in the Central Bank of Iraq Bmzadeh sales to sell currencies with the possibility of increasing to cancel his holiday on Saturday."
And saw the local markets in the past few days the dollar exchange rates rise, reaching more than 1,400 dinars to the dollar, that is equal to the percent of $ 140 000 dinars.
The official exchange rate of the Central Bank of Iraq in 1166 dinars per dollar, meaning it is the official price rose about 234 dinars, an increase of 20%.
And sold the Central Bank of Iraq in the auction yesterday amount of dollar estimates three times higher than decided by the budget law for 2015 to $ 75 million a day where bank sales amounted to more than $ 257 million yesterday at a price stood at a price of 1166 dinars to the criticism, and remittances in 1187 dinars as a safety him to reduce the high dollar exchange rate and cover the needs of the local market of foreign currency.
He assured the Prime Minister Haider al-Abadi yesterday of "a lack of fear of exchange rate of the Iraqi dinar rate compared to the US dollar," vowing to "strike manipulators prices dollar with an iron fist," noting that "there is speculation and manipulation by corrupt and who want to influence the economic conditions and manipulation Bakot people Iraqi ".anthy 4
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