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Opening weekend its central bank sold $ 116 million in auction
Baghdad / justice - 07/05/2012 - 1:54
Sales of the Iraqi Central Bank Bmzadeh for buying and selling foreign currencies at the opening of its weekly, on Sunday, to record the amount of $ 116 million, compared with 166 million the previous meeting, at an exchange rate based on 1166 dollars for every dollar.
The bulletin issued by the Central Bank that the total volume of demand for the dollar stood at 116 million and 105 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar. "The central bank sales recorded the amount of 166 million and 528 thousand dollars in the previous session.
This comes after a sharp decline of the dollar sales in the Central Bank on the fourth of April, after his decision to tighten the conditions of sale currency, reaching less than half the average normal to the need of the market daily, which ranges between 150 to 160 million dollars a day.
The sales meeting yesterday, higher than the average sales normal over the past few years, after the fallen significantly since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand than ever, because of the sanctions imposed on Iran and Syria and the decline in exchange rates Altoman and pound to a half. which called for the central bank to tighten sale of foreign currency for the required private banks to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, relating to the use of the instrument certified to the customer one is for informational purposes.
To return the central and emphasizes procedures for the sale of money orders last week, and declares it responds to the orders, but the existence of accountable tax year, and official documents to prove that the money is going to trade already, bringing the dollar exchange rate locally abruptly up to 1270 dinars per dollar, after it was at 1240 dinars per dollar. and distributed sales on the cash demand of $ 13 million and 460 thousand dollars, "while sales orders," the amount of 102 million and 645 thousand dollars at the exchange rate was 1179 dinars per dollar, "inclusive of" commission of the Central Bank amounting to 13 dinars per dollar. "Newsletter showed that "the banks of the 14 common auction did not make any offers sale of dollars."
The central bank held the Iraqi auction of five meetings weekly from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission on the sale cash, money orders of $ 13 dinars per dollar.
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Baghdad / justice - 07/05/2012 - 1:54
Sales of the Iraqi Central Bank Bmzadeh for buying and selling foreign currencies at the opening of its weekly, on Sunday, to record the amount of $ 116 million, compared with 166 million the previous meeting, at an exchange rate based on 1166 dollars for every dollar.
The bulletin issued by the Central Bank that the total volume of demand for the dollar stood at 116 million and 105 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars to the dollar. "The central bank sales recorded the amount of 166 million and 528 thousand dollars in the previous session.
This comes after a sharp decline of the dollar sales in the Central Bank on the fourth of April, after his decision to tighten the conditions of sale currency, reaching less than half the average normal to the need of the market daily, which ranges between 150 to 160 million dollars a day.
The sales meeting yesterday, higher than the average sales normal over the past few years, after the fallen significantly since early February current, compared with the end of 2011 and the month of January last, and which averaged about 200 million of the session, after the increase in demand than ever, because of the sanctions imposed on Iran and Syria and the decline in exchange rates Altoman and pound to a half. which called for the central bank to tighten sale of foreign currency for the required private banks to disclose the clients of the applicants purchase, according to the instructions adopted at the first of February 2012, relating to the use of the instrument certified to the customer one is for informational purposes.
To return the central and emphasizes procedures for the sale of money orders last week, and declares it responds to the orders, but the existence of accountable tax year, and official documents to prove that the money is going to trade already, bringing the dollar exchange rate locally abruptly up to 1270 dinars per dollar, after it was at 1240 dinars per dollar. and distributed sales on the cash demand of $ 13 million and 460 thousand dollars, "while sales orders," the amount of 102 million and 645 thousand dollars at the exchange rate was 1179 dinars per dollar, "inclusive of" commission of the Central Bank amounting to 13 dinars per dollar. "Newsletter showed that "the banks of the 14 common auction did not make any offers sale of dollars."
The central bank held the Iraqi auction of five meetings weekly from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission on the sale cash, money orders of $ 13 dinars per dollar.
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