For the third day in a row, the central bank's sales of the dollar decreased

[Jaygo]

50 minutes ago, WheresmyRV? said:

I thought a day ago or so Kazeemi was talking about cutting off all the corruption through their auctions?  

Yep. 🤦🏻

[Theseus]

Look, the Oil and Gas Law has not passed as of yet. There are those who believe an RV will happen after this is passed. The next session, after Ramma damma ding dog, is supposed to have a vote on this important passage. Give them a month or two for that passage (yeah who am I kidding!), then the next budget bill should be in the works by August and we are nearing the end of the year. So yeah the way things move in Iraq, I wouldn't expect anything to move on the exchange rate until the middle of next year at the earliest. 140 hasn't even been implemented yet. The deal with the Kurds is only in the Budget, meaning it expires and new Kurd-Baghdad negotiations will take place next year. Once the Kurd negotiation have been solidified outside of the budget (or it may never be, your pick)  more investment should start pouring in. Investment is the key and they are working on it. Just not fast enough for some. Let them finish the port as well.

Edited April 12, 2021 by Theseus

[WheresmyRV?]

48 minutes ago, Theseus said:

Look, the Oil and Gas Law has not passed as of yet. There are those who believe an RV will happen after this is passed. The next session, after Ramma damma ding dog, is supposed to have a vote on this important passage. Give them a month or two for that passage (yeah who am I kidding!), then the next budget bill should be in the works by August and we are nearing the end of the year. So yeah the way things move in Iraq, I wouldn't expect anything to move on the exchange rate until the middle of next year at the earliest. 140 hasn't even been implemented yet. The deal with the Kurds is only in the Budget, meaning it expires and new Kurd-Baghdad negotiations will take place next year. Once the Kurd negotiation have been solidified outside of the budget (or it may never be, your pick)  more investment should start pouring in. Investment is the key and they are working on it. Just not fast enough for some. Let them finish the port as well.

Love it when you chime in Theseus, you are probably right that not until next year we might see an increase.  You forgot though they are holding their elections this summer and that will have them arguing for the next few months like last time.

[yota691]

Budget is a 3 year deal, so they won't be having issue with that. The Provinces dues for Kurds is a different story, which will hit parliament on the the next session April 20, from the articles. Looks like 6 articles or amendments will be address and once that work out, the Budget Law is enforce. All this is interpretation from the articles...

[yota691]

The results of the foreign currency sale window for Tuesday 4/13/2021, and executed today

 

  

 April 13, 2021

The results of the foreign currency sale window for Tuesday 4/13/2021, and executed today

 

Advertisement No. (4392)

Sale date - Tuesday 4/13/2021 and executed today

the details Amount
Total sale for purposes of enhancing funds abroad (transfers, credits) 172,400,000 
Total cash sale 14,890,000 
Total total sales 187,290,000 

 

The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
Note that:

• The cash sale price is ( 1460 ) dinars per dollar.

» The Central Bank of Iraq’s foreign currency sales schedule, Tuesday 4/13/2021, and executed today

[yota691]

Trader noise and exchange rate

Wednesday April 14, 2021 50

 

Mustafa Mohamed Ibrahim
There is an increasing literature in financial economics on price dynamics in markets with heterogeneous agents. 

A typical contrast found in this literature is the distinction between noise traders, who use technical trading rules and fundamentalists interested in discounted future expected profits. 

Theoretical models of noise trading have been stimulated by empirical evidence, which supports the view that speculation is an important force in the market, and the primary work in the field of noise trading focuses on traders' effects on prices, rather than their behavior, to model investor behavior. 

And analyzing the dynamics of the stock market when investors choose to be fundamentalists or pesky traders, we are concerned with chaotic trading in the stock market and the mechanism through which it moves to the foreign exchange market, this involves building bridges between the exchange rate offered in the market is divided, meaning that the agents who choose to They are noise dealers that only exist in the local stock market. 

The exchange rates are determined by seasoned investors, who have reasonable expectations, the motivation is that foreign exchange dealers are professionals while many equity investors are relatively uninformed individual agents. To model the exchange rate regime in the stock market, we adjust so that the supply affects the supply. Cash on stock valuations. 

The motivation for introducing this link between monetary policy and stock prices comes from the observation that expectations of policy changes by the Federal Reserve could lead to large volatility in the stock market, as the model also allows internal fluctuations in the stock market to influence the prevalence that governs the growth of money supply. . The result is that internal fluctuations in the stock market create internal fluctuations in the exchange rate, so the noise trader's theory emphasizes the exchange rate by adhering to future exchange rates.

 In conclusion, this theory coincides with Iraq's position in the divergence of opinions regarding the stability of the exchange rate, especially after the approval of the 2021 budget on 3/31/2021, which will continue the debate about the stability of the exchange rate, according to the daily sales of the foreign currency sale window in the Central Bank of Iraq. The exchange rate in the parallel market is at 1480 and 1490 and is expected to rise to 1500 in the event of foreign currency sale window sales, as happened last Wednesday on 3/31/ at $ (3.767.738) million dollars, noting that this amount is only to enhance the bank's balances in Abroad, and there is no cash sale executed by the banks, but it was (0) and the exchange rate sold by the Central Bank of Iraq to the bank was (1460).

[Theseus]

On 4/12/2021 at 8:43 PM, WheresmyRV? said:

Love it when you chime in Theseus, you are probably right that not until next year we might see an increase.  You forgot though they are holding their elections this summer and that will have them arguing for the next few months like last time.

Didn't forget. Couldn't remember when they, whether there was elections this year or not, were when I wrote the post. I was not 100% so I didn't write it.

[yota691]

 

An increase in the Central Bank's auction sales, to reach 205 million dollars

 

•  

 2021-04-15 05:31

 

Shafaq News / The Central Bank of Iraq sales of hard currency rose, on Thursday, to record 205 million dollars.

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 rise in sales by 2.92 percent to reach 205 million 445 thousand and 296 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Wednesday, when it reached Sales of 199 million and 619 thousand dollars.

The purchases amounting to 205 million and 445 thousand and 296 dollars went to strengthen the funds abroad in the form of transfers and credits, while the banks bought 9 million dollars in cash.

Our correspondent indicated that 28 banks have met the requests to enhance the assets abroad, 14 banks to meet cash requests, 9 joint exchange companies, and 105 of the number of joint mediation companies.

[yota691]

 

The Central Bank of Iraq auction sales decreased to $ 196 million

 

•  

 2021-04-18 06:04

 

Shafaq News / The hard currency sales of the Central Bank of Iraq decreased today, Sunday, to $ 196 million.

Shafaq News Agency correspondent stated, "The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 4.65 percent to reach 196 million 842 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to last Thursday, when it reached Sales of 205 million and 445 thousand 296 dollars.

The purchases amounting to 188 million and 92 thousand dollars went to strengthen the funds abroad in the form of transfers and credits, while banks bought 8 million and 750 thousand dollars in cash.

Our correspondent indicated that 29 banks have fulfilled requests to enhance assets abroad, 10 banks to meet cash requests, 9 joint exchange companies, and 155 companies out of a number of joint mediation companies.

[yota691]

Sunday .. The central bank’s hard currency sales fell

Editing date: 4/18/2021 14:16 • 49 read times

http://www.alliraqnews.com/uploads/news/image/medium/story_img_607c15175a565.jpeg

[Baghdad-Where]
The Central Bank of Iraq’s hard currency sales fell, Sunday, to $ 196 million.

According to the daily bulletin of the Central Bank's auction for the sale and purchase of foreign currencies, today, sales decreased by 4.65 percent, to reach 196 million 842 thousand dollars, covered by the bank at a basic exchange rate of 1460 dinars per dollar.
The daily bulletin indicated that "the purchases amounting to 188 million and 92 thousand dollars went to strengthen the assets abroad in the form of transfers and credits, while the banks bought 8 million and 750 thousand dollars in cash."
It indicated that "29 banks have met the requests to enhance assets abroad, 10 banks to meet cash requests, 9 joint exchange companies, and 155 companies out of a number of joint mediation companies."
The central bank's sales, at last Thursday's auction, amounted to 205 million 445 thousand dollars, 296 dollars.

[yota691]

 

The Central Bank of Iraq auction sales are rising again: more than $ 209 million have been sold

 

•  

 2021-04-19 04:59

 

Shafaq News / The hard currency sales of the Central Bank of Iraq rose today, Monday, to $ 209 million.

Shafaq News Agency correspondent stated, "The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a rise in its sales by 6.41 percent to reach 209 million 454 thousand 659 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to yesterday's Sunday." Where sales reached 196 million and 842 thousand dollars.

The purchases amounting to 187 million 274 thousand dollars and 659 dollars went to enhance the funds abroad in the form of transfers and appropriations, while the banks bought 22 million and 180 thousand dollars in cash.

Our correspondent indicated that 31 banks have fulfilled requests to enhance assets abroad, 16 banks to meet cash requests, 20 participating exchange companies, and 226 companies out of the number of participating mediation companies.

[yota691]

 

Iraqi Central Bank auction sales drop to $ 203 million

 

•  

 2021-04-20 05:32

 

Shafaq News / The hard currency sales of the Central Bank of Iraq decreased today, Tuesday, to $ 203 million.

The correspondent of Shafaq News Agency stated, "The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 2.7 percent to reach 203 million 654 thousand and 124 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to yesterday. Monday, where sales reached 209 million 454 thousand $ 659.

The purchases amounting to 185 million 444 thousand and 124 dollars went to strengthen the assets abroad in the form of transfers and credits, while the banks bought 18 million and 210 thousand dollars in cash.

Our correspondent indicated that 31 banks have fulfilled requests to enhance assets abroad, 18 banks to meet cash requests, and 18 participating exchange companies.

[yota691]

Today .. Central Bank sales of hard currency increased slightly

Economie| 01:11 - 04/21/2021

 

 

 

 

BAGHDAD - Mawazine News
, the hard currency sales of the Central Bank of Iraq, on Wednesday, increased slightly, by 2.2 percent.
The daily bulletin of the Central Bank’s foreign currency sale and purchase auction revealed that its sales increased by 2.4 percent to reach 208 million and 244 thousand dollars, explaining that the bank covered it at a base exchange rate of 1460 dinars per dollar.
The daily bulletin stated, "The purchases amounting to 192 million and 464 thousand dollars went to strengthen the assets abroad in the form of transfers and appropriations, while the banks purchased 15 million and 780 thousand dollars in cash."
She indicated, "31 governmental and private banks have fulfilled the requests to enhance the funds."
On Tuesday, the central bank’s sales of hard currency reached 203 million, 654 thousand, and 124 dollars. Ended 29 / p4

[yota691]

State of law: $ 208 million sold today by the Central Bank and information confirming the rise in the price of the dollar soon

19:08 - 21/04/2021

 

  

Information / Special ...

Representative of the State of Law coalition, Kata Al-Rikabi, confirmed, on Wednesday, that the Central Bank sold more than $ 208 million in today's currency auction, the same levels that it was selling before the decision to raise the dollar exchange rate.

Al-Rikabi said in a statement to / the information / that “the government is boasting about reducing the sale of the dollar’s currency, and today $ 208 million has been sold,” indicating that “the dollar exchange rate will rise in the coming days as a result of selling the currency and increasing prices at the present time.”

Al-Rikabi said, "The State of Law coalition rejects the budget and they withdrew from voting on it because it does not meet the aspiration of the poor citizen."

[yota691]

Today ... the central bank's hard currency sales are declining significantly

Economie| 02:30 - 22/04/2021

 

 

 

 

BAGHDAD - Mawazine News
The Central Bank of Iraq sales of hard currency recorded, on Thursday, a marked decline from the figures recorded on Wednesday.
According to the daily bulletin of the Central Bank's auction for the sale and purchase of foreign currencies, the sales of the Central Bank of Iraq decreased, of hard currency, to reach 198 million and 321 thousand dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar.
The daily bulletin stated, "The purchases amounting to 191 million and 111 thousand dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining 7 million and 210 thousand dollars went in cash."
It indicated that "31 banks have met requests to enhance assets abroad, 14 banks to meet cash requests, and 7 banking companies participated in the auction."
Yesterday, the central bank’s sales of hard currency reached 208 million 244 thousand dollars. Ended 29 / p4

[yota691]

 

Sunday 25 April 2021 | 01:33 PM

| Views: 59

Decline in sales of the Central Bank of Iraq of dollars

 

The Central Bank of Iraq’s hard currency sales decreased today, Sunday, to $ 182 million .

A source stated; "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 182 million 983 thousand and 721 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to last Thursday, where sales reached 198 million and 321 thousand dollars." Dollars .

The purchases amounting to 163 million 383 thousand and 721 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining 19 million and 600 thousand dollars went in cash .

He pointed out that 32 banks have fulfilled requests to enhance assets abroad, 17 banks have to meet cash requests, and 11 participating exchange companies.

[yota691]

 

Sales of the Central Bank of Iraq are down from yesterday by 8 million dollars

 

•  

 2021-04-27 05:17

 

Shafaq News / The hard currency sales of the Central Bank of Iraq decreased today, Tuesday, to $ 200 million.

Shafaq News Agency correspondent stated; The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 3.85% to reach 200 million 454 thousand and 12 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Monday, when sales reached 208 Two million 280 thousand dollars.

Our correspondent added that the purchases amounting to 165 million 54 thousand and 12 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining 35 million and 400 thousand dollars went in cash.

He pointed out that 32 banks have fulfilled requests to enhance assets abroad, 17 banks to fulfill cash requests, 19 participating exchange companies, and 271 participating mediation companies.

[yota691]

 

Central bank sales are resuming the rise, exceeding $ 200 million

 

•  

 2021-04-28 07:44

 

Shafaq News / On Wednesday, the Central Bank of Iraq sales of hard currency rose again, to record 204 million dollars.

 

The 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 2 percent increase in sales to reach 204 million 267 thousand and 368 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to yesterday Tuesday, as sales reached 200 million and 455 thousand dollars.

 

The purchases amounting to 177 million 67 thousand and 368 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 27 million and 200 thousand dollars went in cash.

 

Our correspondent indicated that 31 banks fulfilled the requests to enhance the assets abroad, 17 banks to meet the cash requests, and 20 exchange companies participating.

[yota691]

 

Central bank sales are down to 177 million

 

•  

 2021-04-29 08:25

 

Shafaq News / The Iraqi Central Bank's hard currency sales decreased, on Thursday, to $ 177 million.

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 by 13.24 percent to reach 177 million 231 thousand and 378 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Wednesday , As sales reached 204 million and 267 thousand and 368 dollars.

The purchases amounting to 162 million and 581 thousand and 378 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 14 million and 650 thousand dollars went in cash.

Our correspondent indicated that 32 banks have fulfilled requests to enhance assets abroad, 11 banks to meet cash requests, and 7 participating exchange companies.

[yota691]

Central bank sales are returning to levels before the dollar's appreciation

16:05 - 04/28/2021

 

  

The information / Baghdad ..

The Iraqi Central Bank's hard currency sales, on Wednesday, increased again, to record $ 204 million.

The Central Bank of Iraq, during its auction for the sale and purchase of foreign currencies today, witnessed an increase in its sales by 2 percent to reach 204 million 267 thousand and 368 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to Tuesday, when sales reached 200 million And 455 thousand dollars.

The purchases amounting to 177 million 67 thousand and 368 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 27 million and 200 thousand dollars went in cash. Ended / 25 h

[yota691]

 

The Central Bank of Iraq sales drop to $ 162 million

 

•  

 2021-05-02 05:37

 

Shafaq News / The Iraqi Central Bank's hard currency sales decreased, on Sunday, to $ 162 million.

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 by 8.47 percent to reach 162 million 293 thousand and 297 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to last Thursday , As sales reached 177 million and 231 thousand and 378 dollars.

The purchases amounting to 140 million and 693 thousand and 297 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 21 million and 600 thousand dollars went in cash.

Our correspondent indicated that 30 banks have fulfilled requests to enhance assets abroad, 16 banks to fulfill cash requests, and 11 participating exchange companies.

[yota691]

 

After days of retreating .. Central Bank of Iraq sales are breathing sigh of relief

 

•  

 2021-05-03 09:35

 

Shafaq News / The Central Bank of Iraq sales of hard currency rose again, on Monday, after several days of the continuous decline in sales.

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 rise in sales by 9.88 percent to reach 178 million 947 thousand and 783 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Sunday, where Sales amounted to 162,293,279 dollars.

The purchases amounting to 149 million and 447 thousand and 783 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 91 million and 500 thousand dollars went in cash.

Our correspondent indicated that 32 banks have fulfilled requests to enhance assets abroad, 18 banks to fulfill cash requests, and 16 participating exchange companies.

[DoD]

Good Morning yota, glad to hear the CBI and the rest of the crooks are back to making money. Wouldn’t be Iraq if the stealing came to a stop...

[horsesoldier]

6 minutes ago, DoD said:

Good Morning yota, glad to hear the CBI and the rest of the crooks are back to making money. Wouldn’t be Iraq if the stealing came to a stop...

Oh so very correct....this is a criminal enterprise run by savvy, clever and devious individuals.
While they incrementally improve ( as 18 years is and no other proof required ) the “ environment “ for the future that they say ALL Iraqis deserve: these delays, sand bagging, manufactured crises & et call provides ample opportunity to carry on amassing enormous sums of wealth at the expense of the impoverished Iraqi citizenry.

They know it all has to come to and “ end “ ( the end is just the beginning for other nefarious schemes being put into place,  right literally are laughing all the way to their hidden bank accounts.IMHO.

[rvmydinar]

22 minutes ago, DoD said:

Wouldn’t be Iraq if the stealing came to a stop...

Exactly. Because stealing money is easier and quicker than waiting for the iqd to rv, isn't it.