yota691 Posted December 23, 2020 Report Share Posted December 23, 2020 An unprecedented drop in central bank auction sales Time: 12/23/2020 13:21:46 Read: 6,760 times {Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales fell today, Wednesday, in an unprecedented way. According to the bank's daily bulletin on the currency auction, the total sale for the purposes of strengthening the funds abroad {transfers, credits} amounted to 77 million 450 thousand and 994 dollars, and the cash sale amounted to only 200 thousand dollars. As for the total sales, it was 77 million 650 thousand and 994 dollars. The central bank's sales in the currency auction yesterday were $ 113 million. The central bank sells dollars for the sums transferred to bank accounts abroad at a price of {1460} dinars per dollar, and cash sales at {1460} dinars per dollar, in implementation of its recent decision to raise the exchange rate. The central bank’s sales on Wednesday and yesterday reflect the statements of the Central Bank’s governor, Mustafa Ghalib, who said earlier that the bank “will double the sale of the dollar to exchange companies,” indicating that “the abundance of the dollar will make it stable in the market. Ammar Al-Masoudi 4 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 23, 2020 Author Report Share Posted December 23, 2020 The results of the foreign currency sale window on Wednesday 12/23/2020, and executed today December 23, 2020 The results of the foreign currency sale window on Wednesday 12/23/2020, and executed today Advertisement No. (4322) Sale date - Wednesday 12/23/2020 and executed today the details Amount Total sale for the purposes of enhancing funds abroad (transfers, credits) 77,450,994 Total cash sale 200,000 Total sales 77,650,994 Note that: The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar. The cash sale price is ( 1460 ) dinars per dollar. » The Central Bank of Iraq’s foreign currency sales schedule (amounts in thousands of dollars), Wednesday, 12/23/2020, and executed today 2 3 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 23, 2020 Report Share Posted December 23, 2020 Shut'em Down, Shut'em down immediately... Time to step into the international arena... If this keeps up, let's hope they stop these before Jan 1st 2 2 3 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted December 23, 2020 Popular Post Report Share Posted December 23, 2020 Looks like the latest decision by the CBI to devalue the dinar by 22% is cutting out the spread that is made in the currency auctions and money exchangers. The decision is hurting the people The decision is hurting the corrupt The decision is hurting the banks and their profits The decision is hurting money laundering operations The decision is forcing the banks to invest in other profitable ventures (mortgages, loans, credit cards, fees etc) The decision will increase financial inclusion The decision will reduce the monetary mass The decision will create liquidity Go CBI Go new monetary policy Go RV Go 2021 Go $1:1 1 1 9 7 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted December 23, 2020 Report Share Posted December 23, 2020 43 minutes ago, Laid Back said: Looks like the latest decision by the CBI to devalue the dinar by 22% is cutting out the spread that is made in the currency auctions and money exchangers. The decision is hurting the people The decision is hurting the corrupt The decision is hurting the banks and their profits The decision is hurting money laundering operations The decision is forcing the banks to invest in other profitable ventures (mortgages, loans, credit cards, fees etc) The decision will increase financial inclusion The decision will reduce the monetary mass The decision will create liquidity Go CBI Go new monetary policy Go RV Go 2021 Go $1:1 Spot on brother, this is a strategic move to eventually raise the value of the IQD. Do not get discouraged DV on this latest move by the CBI, it is part of the long term plan, it will accomplish what Laid Back has proposed here and will bring Iraq to the worlds stage. Most important, the decision to reduce the monetary mass, also, we have noticed a urgency to complete certain amount of issues that have been piling up for years now, the agreement with the KURDS being at the top of that list. Hang tight, its going to be an interesting finish to this trying year. 4 3 4 3 Quote Link to comment Share on other sites More sharing options...
Bama Girl Posted December 23, 2020 Report Share Posted December 23, 2020 1 hour ago, Laid Back said: The decision is hurting the corrupt The decision is hurting money laundering operations Laidback, I always find your input helpful. Thank you. The two above items did cross my mind when I first read about the devaluing but I didn’t know if it was just wishful thinking on my part. 😀 Maliki hating the plan gave some credibility to my thinking and reading your post convinced me. 1 3 Quote Link to comment Share on other sites More sharing options...
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