Dinar support for daily transactions is required now

[yota691]

 

Sunday 12 January 2020 | 02:49 pm

| Views: 114

The central bank calls for not betting on the high exchange rate of the dollar

 

 

 

Baghdad / ... The Central Bank of Iraq considered, on Sunday, that it is "wrong" to bet on the high exchange rate of the dollar, noting that exaggeration in the potential effects of the sanctions does not exist.

Mahmoud Dagher, Director General of the Financial Operations and Debt Management Department at the bank, said, "It is a mistake to bet on the rise of the dollar because it will end with an increase in supply and the coming days will witness that with the positive reaction of the bank to cover all requests."

Dagher pointed out that the bank also sold additional amounts of dollars to the dollar, expanded the outlets and took exceptional measures as part of the monetary policy in such events.

He added, "The process of exaggerating the potential effects or exaggerating something called sanctions does not exist at all in the bank's dealing model," stressing that "the bank will continue sales through the banking system, banking companies and government banks in selling additional amounts, whatever this is possible, and we will follow the movement of the market."

It is noteworthy that the local market witnessed during the past week a slight rise in the exchange rates of the dollar against the Iraqi dinar, after it was stable and for long periods at 1221 dinars a thousand dollars, ended 2

[yota691]

Dollar exchange rates on the stock market and local markets

Economie

2020-01-12 | 03:26

 

25,685 views

The dollar exchange rates fell on the Kifah Stock Exchange and local markets, on Sunday (January 12, 2020).

The prices of the Kifah Stock Exchange - Baghdad recorded 120.950 dinars per 100 dollars.

 

Buying and selling prices in banking shops:

 

The sale price of the dollar = 121,500 dinars.

 

The purchase price of the dollar = 120,500 dinars.

[6ly410]

Central Bank: It is a mistake to bet on the rise of the dollar

Economie

2020-01-12 | 07:12

 

https://www.alsumaria.tv/news/اقتصاد/331372/البنك-المركزي-من-الخطأ-المراهنة-على-ارتفاع-الدولار

 

12,479 views

The Central Bank of Iraq considered, on Sunday, that it is "a mistake" to bet on the high exchange rate of the dollar, noting that exaggeration in the potential effects of the sanctions does not exist.

" It is a mistake to bet on the rise of the dollar because it will end with an increase in supply and the coming days will witness that with the positive reaction of the bank to cover all requests," Mahmoud Dagher , General Manager of the Financial Operations and Debt Management Department of the bank, said in an interview with Alsumaria News.

Dagher pointed out that the bank also sold additional amounts of dollars to the dollar, expanded the outlets and took exceptional measures as part of the monetary policy in such events.

He added, "The process of exaggerating the potential effects or exaggerating something called sanctions does not exist at all in the bank's dealing model," stressing that "the bank will continue sales through the banking system, banking companies and government banks in selling additional amounts, whatever this is possible and we will follow the movement of the market."

It is noteworthy that the local market witnessed during the past week a slight rise in the exchange rates of the dollar against the Iraqi dinar, after it was stable and for long periods at 1221 dinars per thousand dollars.

[Spartakus]

If all they are doing is the auctions it might not be a mistake.