yota691 Posted January 21, 2021 Report Share Posted January 21, 2021 A decrease in sales .. The Central Bank of Iraq sells only 3 million and 225 thousand dollars 2021-01-21 04:27 Shafaq News / On Thursday, the Central Bank of Iraq’s hard currency sales decreased by about 40% at the end of the bank’s sales for the current week. The correspondent of Shafaq News Agency 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 to reach 3 million 225 thousand dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Wednesday, where sales reached 6 million $ 759K. He added that the sales all went to strengthen the assets abroad in the form of transfers and credits, while the dollar was not purchased in cash. 4 5 1 Quote Link to comment Share on other sites More sharing options...
Uckiller Posted January 21, 2021 Report Share Posted January 21, 2021 Can someone share idea why auction drop till this level? 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted January 21, 2021 Report Share Posted January 21, 2021 2 minutes ago, Uckiller said: Can someone share idea why auction drop till this level? I believe it's because they reduced the value of the IQD creating more demand for USD. USD supply is drying up. 1 Quote Link to comment Share on other sites More sharing options...
Spartakus Posted January 21, 2021 Report Share Posted January 21, 2021 I'm sure that there are many more reasons. Quote Link to comment Share on other sites More sharing options...
Spartakus Posted January 21, 2021 Report Share Posted January 21, 2021 Isn't this the lowest auction yet? Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted January 21, 2021 Report Share Posted January 21, 2021 2 minutes ago, Spartakus said: I'm sure that there are many more reasons. I'd like to learn if you're willing to share👍 Quote Link to comment Share on other sites More sharing options...
Spartakus Posted January 21, 2021 Report Share Posted January 21, 2021 We have to ask the people at the CBI. They're the ones who really know, we can only guest and for the most part we are wrong or partly so. Quote Link to comment Share on other sites More sharing options...
"Fred" Posted January 21, 2021 Report Share Posted January 21, 2021 2 hours ago, Spartakus said: Isn't this the lowest auction yet? It went down to 3 million a few days back Quote Link to comment Share on other sites More sharing options...
Spartakus Posted January 21, 2021 Report Share Posted January 21, 2021 Thanks. Quote Link to comment Share on other sites More sharing options...
Donziman Posted January 22, 2021 Report Share Posted January 22, 2021 3 million...This is the true market after getting rid of all the fake invoices and corrupt money making politicians that sole job was to steal from the CBI. Quote Link to comment Share on other sites More sharing options...
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