The Central Bank sells $ 68 million and records a decline of more than 10% in today's auction

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The Central Bank sells $ 68 million and records a decline of more than 10% in today's auction

 

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 2020-12-27 04:49

 

Shafaq News / The Central Bank of Iraq announced, on Sunday, the sale of more than $ 68 million, with the participation of 19 banks and five brokerage firms.

Shafaq News Agency correspondent stated; That the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales by 10.5% to reach 68 million and 605 thousand dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to last Thursday, when sales reached 76 million and 600 thousand dollars.

Our correspondent added that the demand for foreign currency was distributed by 67 million and 905 thousand dollars to strengthen the assets abroad in the form of transfers and appropriations, while the rest, amounting to 700 thousand dollars, was distributed in the form of cash sale that was fully covered by the bank at an exchange rate of 1460 dinars per one dollar.

He pointed out that the 19 banks and 5 companies to mediate in the currency auction did not make any offers to sell the dollar.

On Saturday (19 December 2020), the Central Bank of Iraq officially announced the adjustment of the foreign currency exchange rate (the US dollar) to 145 thousand dinars for every 100 dollars.

Experts considered this step would increase the poverty rate to unprecedented rates in Iraq, which is suffering under the weight of a stifling financial crisis like it has not seen in decades due to the drop in oil prices in global markets and the outbreak of the Corona virus.

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The results of the foreign currency sale window on Sunday 12/27/2020, and executed today

 

  

 December 27, 2020

The results of the foreign currency sale window on Sunday 12/27/2020, and executed today

 

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Sale date - Thursday 12/24/2020 and executed today

the details		Amount
Total sale for the purposes of enhancing funds abroad (transfers, credits)		67,905,000
Total cash sale		700,000
Total sales		68,605,000

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) Sunday 12/27/2020 and executed today