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Showing results for tags 'buying and selling foreign currency'.
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Instructions for buying and selling foreign currency for the year 2021 September 22, 2021 » To view the instructions .. Click here
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Governor of the Iraqi Central Bank: We will double the sale of the dollar to exchange companies Mustafa Ghaleb Makhif, Governor of the Central Bank of Iraq December 19, 2020 10:46 PM Mubasher: Mustafa Ghaleb Makhaif, governor of the Central Bank of Iraq, confirmed that the bank will double the sale of dollars to exchange companies. Mukhaif said in a statement to the ten program, which will be shown tomorrow, Sunday, to Al-Iraqiya News. conscious". The governor of the Central Bank of Iraq added, "The abundance of the dollar will make it stable in the market." The Central Bank of Iraq had set, earlier today, Saturday, the new price for buying and selling foreign currency. Where he decided to amend the exchange rate to be 1450 dinars per dollar as a purchase price from the Ministry of Finance, 1460 dinars per dollar as a selling price to banks, and 1470 dinars per dollar as a selling price to the public. And the exchange rate of the dollar against the Iraqi dinar was recorded, this morning, Saturday, in the dealings of exchange companies and in the local currency exchange, from 1191 to 1320 dinars per dollar on the Al-Kifah Stock Exchange (the local stock exchange in Iraq). The Iraqi Central Bank stated - in a statement today, that during the last months of this year, intensive deliberations took place with the Prime Minister, the Minister of Finance and the Legislative Authority, regarding the economic situation in general and the financial crisis that the public finances are going through due to low oil prices and production, and economic and health challenges. The central added that the structural distortions in the Iraqi economy are the ones that impoverished the public finances and restricted the ability of reform sought by the government and the Ministry of Finance, pointing out that the dependence of the economic and financial policy on the aspirations and concerns of politicians, resulted in the last accepted models of financial management in Iraq, and the role of that administration was limited to the distribution of oil resources. Life-sustaining requirements such as salaries and operational requirements He continued, "The central bank had no choice but to intervene on more than one occasion to support public finances and save critical public spending requirements, but that does not mean that these interventions remain open without restrictions or endings." The Central Bank of Iraq expressed its understanding of the difficulties facing the reform intentions that the government is heading to undertake, but this does not prevent any steps that the monetary authority can take with effective steps to implement reforms that inevitably affect the institutions of the financial authority. The Iraqi Central Bank indicated that the legislative authority will have an important role in supporting the direction of the Central Bank to adjust the foreign currency exchange rate.
