CBI Daily Auction & Currency Exchange Rates - Sunday - 11/29/2020

[ronscarpa]

 Sunday - November 29, 2020

CBI - The results of the foreign currency sale window for Sunday - 11/29/2020 and executed today

Advertisement No. (4305)

Sale date -   Sunday - 11/29/2020 and executed today

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	158,478,635
Total sale cash	16,100,000
Total sale amount	174,578,635

Note that:

• The sale price of the sums transferred to bank accounts abroad is ( 1190 ) dinars per dollar.
• The cash sale price is ( 1190 ) dinars per dollar.

 

   Link:

» The Central Bank of Iraq’s foreign currency sales schedule (amounts in thousands of dollars), Sunday, 11/29/2020, and executed today

 

[ronscarpa]

CBI Currency Exchange Rates

Sunday - 11/29/2020

 

• Currency converter

US dollar	USD	1190,000
Euro	EUR	1416.219
Pound sterling	GBP	1591.090
Canadian dollar	CAD	909.647
Swiss franc	S.FR	1310.789
Swedish krona	SEK	138.403
Norwegian krone	NOK	132.477
Danish krone	DKK	190.169
Japanese yen	JPY	11.383
Chinese Yuan	CNY	181.085
Australian dollar	AUD	870.247
Special drawing rights	SDR	1698.915
Gold for 24-ounce	Gold	2175 116.400

[ronscarpa]

( IQD Rates - Updated: Sunday - 11/29/2020 )

Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD

Dinar Market Rate: (CBI last reported 11-23-2020) * No Change
1250.409 IQD to 1 USD

- Rates Are Within IMF 2% Rule: No
- Are Rates IMF 2% Rule Compliant for 90 Days: No

Have a Blessed Day - GOD is Good & Faithful ... Ron

[6ly410]

Representative economy calls for stopping the depletion of hard currency by selling auctions

Monday, 30 November 2020 1:20 PM

Classification:  Iraqi

 

https://nnciraq.com/45166/

 

Baghdad / National News Center -

The Parliamentary Economic and Investment Committee demanded, on Monday, to stop the depletion of hard currency in the auction in which hundreds of billions of dinars were wasted profits for banks belonging to their pure ownership or in partnership with influential political parties. In her words.
A member of the committee, Mazen Al-Faily, said in a statement received by the National News Center, a copy of it: “We renew our demand to stop the depletion of hard currency in the sale auction in which hundreds of billions of dinars are lost every month in illegal profits that are acquired by banks that raise many indicators of their ownership In exchange, or in partnership with influential political parties, and due to the lack of transparency and clarity in publishing the amount of dollar sold to each bank daily, the available information indicates that some banks profit more than eighty billion dinars per month, meaning that this bank alone acquires enough monthly salary of ( 400) thousand dinars for more than (200) thousand citizens. If we calculate the average family of five people, it is sufficient to support one million Iraqis a month.
Al-Faily added: “Among the proposed solutions to this crisis that is draining public funds: -
1. Putting the currency selling activity in all its stages under the eyes of the public opinion and the supervisory authorities in order to prevent manipulation and end the illegal profit by banks that are relying on the depletion of public money.
2. That the central bank take clear measures by directly selling dollars to actual traders and citizens without going through intermediary banks that do not provide any developmental economic activity.
3- Profits tax can be calculated in advance to ensure that additional revenues are collected from the sale of the dollar in the currency auction.