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Central sales decline by about $ 12 million

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ssam

ssam
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CO-ADMINISTRATOR

04/12/2011 New Morning Baghdad



. Sales from Central Bank of Iraq in the opening sessions Bank for the current week declined by about $ 12 million to over $ 151 million, compared to last Thursday, which recorded a nearly $ 163 million.
The session saw a decline in sales on the bank of up to 151 million and 650 thousand dollars had been covered by the bank at an exchange rate basis was 1170 dinars to the dollar, compared to day, last Thursday, where sales amounted to 163 000 705 thousand dollars.
. And the distribution of demand by eight million and 550 thousand dollars in cash, while distributed the rest of $ 143 million and 100 thousand dollars in the form of remittances external covered by the bank in full, the exchange rate was 1183 dinars per dollar, including transactions with the bank amounting to 13 dinars per dollar, while not advancing the participating banks in the auction of $ 23 banks in any offers to sell the dollar.
. And the foundations of the Iraqi Central Bank as an independent institution under the law issued on the sixth of March of 2004, as an independent body is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the system competitive financial and independent.
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staylee


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Why????

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