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Expert (time): Central sales rise of the dollar contributes to the stability of the exchange rate
– July 11, 2015
BAGHDAD
Economist stressed that central bank sales rise to $ 20 billion since the beginning of this year, will contribute to the stability of the exchange rates of the dollar in the domestic market during the next few days, stressing the need to liberate Bank of Article 50 of the Constitution, which shall be subject to the sale of $ 75 million a day restrictions. The economist said Majid picture of (time) yesterday that the (importance of bank sales for banks to twenty billion dollars exceeded lies in two ways, first that this matter will help maintain the dollar exchange rate in the coming days, the second side is to cancel restrictions Article 50 of the Constitution that limit the independence of the Bank and the freedom to control the financial dealings), explaining that the (Article 50 central bank sales determines at 75 million dollars a day and this is incompatible with the monetary policy of the Bank and then should be freed Bank of restrictions this article to be able to determine the daily sales on according to the monetary policies that It deems appropriate). He added that the (Bank now able to meet the needs of all banks and we will notice a big stable for the price of the dollar), pointing out that the (bank sales during this period is much less than the sales in 2013 and 2014, which amounted to $ 53 billion). The central bank has announced sales of the dollar banks exceeded $ 20 billion since the beginning of this year until the atheist th of July present upon reaching 20 billion and 346 million and 376 thousand and 607 Dolarat.oodhav bank (this amount is lower than it was in the same date of last year 2014 which amounted to 26 billion and 573 million and 494 thousand dollars) and continued that (sale amounts transferred to the accounts of banks abroad the price is 1187 dinars per dollar, including the commission of the Central Bank of $ 21 dinars per dollar, while cash sales price of 1190 dinars per dollar, including the commission of the Central Bank of 24 dinars per dollar). The total amount that the bank sold yesterday at a price of auction of dollar 209 000 752 thousand and $ 493 size, priced at 1166 dinars exchange rate to the dollar, and with the participation of 20 banks and two financial convertible and the quantity sold all remittances without a cash sale, according to the latest statement of the bank said that it will continue to sell and buy dollars at 1166 dinars.
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– July 11, 2015
BAGHDAD
Economist stressed that central bank sales rise to $ 20 billion since the beginning of this year, will contribute to the stability of the exchange rates of the dollar in the domestic market during the next few days, stressing the need to liberate Bank of Article 50 of the Constitution, which shall be subject to the sale of $ 75 million a day restrictions. The economist said Majid picture of (time) yesterday that the (importance of bank sales for banks to twenty billion dollars exceeded lies in two ways, first that this matter will help maintain the dollar exchange rate in the coming days, the second side is to cancel restrictions Article 50 of the Constitution that limit the independence of the Bank and the freedom to control the financial dealings), explaining that the (Article 50 central bank sales determines at 75 million dollars a day and this is incompatible with the monetary policy of the Bank and then should be freed Bank of restrictions this article to be able to determine the daily sales on according to the monetary policies that It deems appropriate). He added that the (Bank now able to meet the needs of all banks and we will notice a big stable for the price of the dollar), pointing out that the (bank sales during this period is much less than the sales in 2013 and 2014, which amounted to $ 53 billion). The central bank has announced sales of the dollar banks exceeded $ 20 billion since the beginning of this year until the atheist th of July present upon reaching 20 billion and 346 million and 376 thousand and 607 Dolarat.oodhav bank (this amount is lower than it was in the same date of last year 2014 which amounted to 26 billion and 573 million and 494 thousand dollars) and continued that (sale amounts transferred to the accounts of banks abroad the price is 1187 dinars per dollar, including the commission of the Central Bank of $ 21 dinars per dollar, while cash sales price of 1190 dinars per dollar, including the commission of the Central Bank of 24 dinars per dollar). The total amount that the bank sold yesterday at a price of auction of dollar 209 000 752 thousand and $ 493 size, priced at 1166 dinars exchange rate to the dollar, and with the participation of 20 banks and two financial convertible and the quantity sold all remittances without a cash sale, according to the latest statement of the bank said that it will continue to sell and buy dollars at 1166 dinars.
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