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Wednesday July 20, 2011
Lower sales of the Iraqi Central Bank by about three million dollars
Author: HM Editor: HAH | SZ Wednesday 20 تموز 2011 11:29 GMT
Central Bank of Iraq
Alsumaria News / Baghdad
Sales Central Bank of Iraq, on Wednesday, a drop of about $ 3 million, reaching more than $ 195 million, as he emphasized the central bank adviser to the adoption of transparency in its monetary policy. The session saw the CBI, today, a decline in sales totaled 195 1.573 million dollars have been covered by the bank, at an exchange rate basis was 1170 dinars to the dollar, compared to, the day Tuesday, reaching sales of the bank 198 000 139 thousand dollars. and the distribution of demand by six million and 470 thousand dollars in cash, while distributed more adult 189 000 103 thousand dollars in the form of remittances of Foreign Affairs has been covered by the Bank in full at the exchange rate was 1183 dinars per dollar, including transactions with the bank's 13 dinars to the dollar. The did not make any of the banks of the 22 participating in the auction the Iraqi Central Bank to any offers to sell the dollar. For his part, said Advisor to the Governor the Central Bank of the appearance of Mohammed in an interview for "Alsumaria News" that the Iraqi Central Bank adopted a full transparency in its monetary policy, including the establishment of auctions for the sale and purchase of foreign currency through the participation of a number of Iraqi banks. " Saleh pointed out that "Auction Central Bank was able to maintain the stability of the exchange rate of the Iraqi dinar, with effect from January of 2009 until the day is rising or falling, "asserting that" the auction led to absorb excess liquidity, which reflected positively on the stability of prices. " He Saleh said that "the Central Bank of Iraq is the only one in Iraq, who lives auctions daily for corporate finance and private sector businessmen and traders of foreign currency." and the foundations of the Iraqi Central Bank as a bank independent under the law of the Central Bank of Iraq issued on the sixth of March of 2004, an official for the maintenance of price stability, monetary policy, including exchange rate policies, and management of foreign reserves, and the issuance of currency management, as well as regulate the banking sector to promote the financial system is competitive and independent. The Central Bank of Iraq is being daily sessions for buying and selling foreign currencies with the exception of public holidays.
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