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The largest in the history of Iraq.. Huge numbers of central bank sales of the dollar for the past month
1,681 Economie 09/03/2022 13:05
Today
, Saturday, the economist, Nabil Jaafar Al-Marsoumi, revealed frightening figures for the central bank’s dollar sales for the month of August, while the bank sold five billion five hundred and thirty million dollars, which is the largest in the history of Iraq. Al-Marsoumi told (Baghdad Today) that
"four billion six hundred and ninety-six million dollars were documentary credits for the purchase of goods, while the cash sales were eight hundred and thirty-four million dollars," explaining that
"the oil revenues for the month of August were nine billion seven hundred and eighty-four million dollars."
The bank drained 65% of the oil revenues, and this number is huge. He added that
"when the amounts of opening documents for imports amount to four billion six hundred and ninety-six million dollars, imports of goods and services must be offset by the same amounts,
but what is happening is different, and
the evidence is that last year the private sector recorded import of goods and others with an amount that reached 11 billion dollars,
while it was The bank's document sales amounted to $33 billion," he added, adding:
"This means that an amount of up to 20 billion was bought with goods and entered through illegal outlets or from the Kurdistan region."
The largest in the history of Iraq.. Huge numbers of central bank sales of the dollar for the past month
1,681 Economie 09/03/2022 13:05
Today
, Saturday, the economist, Nabil Jaafar Al-Marsoumi, revealed frightening figures for the central bank’s dollar sales for the month of August, while the bank sold five billion five hundred and thirty million dollars, which is the largest in the history of Iraq. Al-Marsoumi told (Baghdad Today) that
"four billion six hundred and ninety-six million dollars were documentary credits for the purchase of goods, while the cash sales were eight hundred and thirty-four million dollars," explaining that
"the oil revenues for the month of August were nine billion seven hundred and eighty-four million dollars."
The bank drained 65% of the oil revenues, and this number is huge. He added that
"when the amounts of opening documents for imports amount to four billion six hundred and ninety-six million dollars, imports of goods and services must be offset by the same amounts,
but what is happening is different, and
the evidence is that last year the private sector recorded import of goods and others with an amount that reached 11 billion dollars,
while it was The bank's document sales amounted to $33 billion," he added, adding:
"This means that an amount of up to 20 billion was bought with goods and entered through illegal outlets or from the Kurdistan region."
