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Central bank sales decline of the dollar by 22% during 2015
Tuesday 04-08-2015
Shafaq News / The Central Bank of Iraq, on Tuesday, lower sales rate of foreign currency (dollar) by 22 percent during the first half of 2015 being, compared with the same period last year.
The bank said in a statement seen by Twilight News, said that "the average daily dollar sales for the year, reached $ 110 million," adding that "this rate is lower by 22% from last year."
The statement added that "the Bank foreign currency reserves of its power and flexibility, which covers more than one and a half times, the size of the Iraqi currency in circulation, which had a significant impact on the stability of the exchange rate of the local currency dinar."
The central bank has revealed last June, rising reserves of the money supply of the dollar to $ 68 billion, compared to the end of last year by the record $ 66 billion.
The Federal Court decided in Iraq last month refused to Article 50 of the federal budget, which identified the Iraqi Central Bank sales of foreign currency ceiling by $ 75 million a day.
Determine the cause and bank sales by low roof and wide to the Iraqi dinar exchange rate against the dollar, while the prices of imported goods have seen a rise in their prices compared with the prices that prevailed before.
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Tuesday 04-08-2015
Shafaq News / The Central Bank of Iraq, on Tuesday, lower sales rate of foreign currency (dollar) by 22 percent during the first half of 2015 being, compared with the same period last year.
The bank said in a statement seen by Twilight News, said that "the average daily dollar sales for the year, reached $ 110 million," adding that "this rate is lower by 22% from last year."
The statement added that "the Bank foreign currency reserves of its power and flexibility, which covers more than one and a half times, the size of the Iraqi currency in circulation, which had a significant impact on the stability of the exchange rate of the local currency dinar."
The central bank has revealed last June, rising reserves of the money supply of the dollar to $ 68 billion, compared to the end of last year by the record $ 66 billion.
The Federal Court decided in Iraq last month refused to Article 50 of the federal budget, which identified the Iraqi Central Bank sales of foreign currency ceiling by $ 75 million a day.
Determine the cause and bank sales by low roof and wide to the Iraqi dinar exchange rate against the dollar, while the prices of imported goods have seen a rise in their prices compared with the prices that prevailed before.
[You must be registered and logged in to see this link.]
