Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Recommended Posts

Foreign currency requests

 
  
 April 14, 2021
Foreign currency requests

 


For the purposes of meeting the demands on foreign currency and for the purpose of achieving the goals of monetary policy and ensuring the stability of the exchange rate, the Central Bank of Iraq decided to increase the amount of cash sales of foreign currency to banks, exchange companies, and brokerage firms buying and selling foreign currency and fully meet it.

 
                The bank’s share of $ 200,000 per week
                The share of the Class A exchange company is     $ 1,500,000 per week
                Class B exchange company’s share of     $ 500,000 per week
                The share of the Class C exchange company is     $ 50,000 per week
Link to post
Share on other sites
2,397 views
 
 

Today, Wednesday, the Central Bank of Iraq decided to increase the amount of cash sales in foreign currency.

According to a document issued by the bank
and directed to banks, exchange companies and companies mediating the sale and purchase of all foreign currency, the Deputy Governor said Ammar Hamad Khalaf That "for the purposes of meeting the demands on foreign currency and for the purpose of achieving the objectives of monetary policy and ensuring the stability of the exchange rate, the Central Bank of Iraq decided to increase the amount of cash sales of foreign currency to the above authorities and to fully meet them
 
 
 
As shown below: The

bank’s share of $ 200,000 per week

- the share of the exchange company, class A, of $ 1,500,000 per week

- the share of the exchange company, class B, of $ 500,000 per week

- the share of the exchange company, class C, of $ 50,000 per week.
Link to post
Share on other sites
 
  •  
 2021-04-14 05:47
 

Shafaq News / The Central Bank of Iraq decided to increase the amount of cash sales in foreign currency. A document obtained by Shafaq News Agency, today, Wednesday, issued by the Central Bank and directed to banks, exchange companies and brokerage firms to buy and sell all foreign currency, stated that “for the purposes of meeting demands for foreign currency and for the purpose of achieving monetary policy objectives and ensuring the stability of the exchange rate, the central bank decided The Iraqi increased the amount of cash sales in foreign currency, to the above bodies and fully meet them, as shown below:

The bank's share is $ 200,000 a week

The share of the Class A exchange company is $ 1,500,000 per week

- Class B exchange company’s share of $ 500,000 per week -

The C-Class exchange firm's share of $ 50,000 a week

 

 

In the context, the Central Bank of Iraq’s hard currency sales increased, on Wednesday, to more than $ 199 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 an increase in its sales by up to 199 million 619 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to yesterday, Tuesday, where sales reached 187 One million and 290 thousand dollars.

The purchases amounting to 186 million and 5698 thousand dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the rest of the 13 million and 50 thousand dollars went in cash.

Our correspondent indicated that 25 banks have fulfilled the requests to enhance the assets abroad, and 16 banks have bought cash.

 

 

 

  • Thanks 1
Link to post
Share on other sites
6 minutes ago, Longtimelurker said:

Sounds like iraqis are trading in their larger notes for USD to me

To protect their savings for future devaluation..

 

Dollarize.... RV..... Dedollarize.

 

Go new monetary policy 

Go RV

Go $1:1

  • Like 4
Link to post
Share on other sites
45 minutes ago, Longtimelurker said:

Sounds like iraqis are trading in their larger notes for USD to me

So is this a part of cbi's plan to suck all the dinars in from the iraqi citizens who have been hiding their dinars under the mattress before the cbi wants to delete 3 zeros, release new lower denoms, and rv the iqd at 3.22 usd?

Link to post
Share on other sites

The Iraqi Central Committee decides to increase the amount of cash sales of foreign currency

The Iraqi Central Committee decides to increase the amount of cash sales of foreign currency
Central Bank of Iraq
 

Mubasher: The Central Bank of Iraq decided, today, Wednesday, to increase the amount of cash sales from foreign currency to banks and banking companies.

The Central Bank clarified, in a circular today, that this was for the purposes of meeting demands for foreign currency; And for the purpose of achieving monetary policy objectives and ensuring the stability of the exchange rate.

According to the circular, it was decided to increase the amount of cash sales in foreign currency to the bank by 200 thousand dollars per week, to the A-class exchange company by 1.5 million dollars, to the B-class exchange company by 500 thousand dollars, and finally to the C-class exchange company. ) By $ 50,000.

  • Thanks 1
  • Upvote 1
Link to post
Share on other sites
  
256-696x391.jpg

The information / Baghdad ..

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed the efforts of the Central Bank to work on stabilizing the purchasing power of the Iraqi dinar.
In an interview followed by the information, Saleh said, "The Central Bank is working to meet the desired demand of foreign currency by market forces through the window of monetary policy operations, or the so-called auction, for the purposes of financing foreign trade for the private sector as well as providing a safe level of monetary dollars."
He pointed out that "the central bank pushed towards the fixed exchange rate with clarity, transparency and ability, with the supply tools in order to lead to stability in price levels, stability of price expectations, a higher degree of certainty in looking at the levels of price stability and reduced transaction risks for market makers and dealers in it."
He explained that "the monetary policy of the Central Bank seeks to achieve its goals and achieve its goals according to its enforceable law and its quantitative and price tools aimed at stabilizing the purchasing power of the dinar."

  • Upvote 1
Link to post
Share on other sites
Will the dollar exchange rise to 1600 dinars?  Governmental response and important clarification
  
{Economic: Al Furat News} The government responded to the news of the intention to raise the exchange rate of the dollar to 1600 dinars to one US dollar in the local market.
 

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said in a press statement that "the current fluctuation in the exchange rate of the dollar, which ranges between 145 to 147 thousand dinars for one hundred dollar bill, is a normal matter} and is not a difference with the price announced by the Central Bank." .
And, and that "a rate of 2% of the change and foreign commission differentials is in effect in the global dollar market," adding that "the bank seeks to impose its pricing to be approved in order to stabilize the exchange of the dollar market."
Saleh added, "The bank has no intention of changing the established exchange rate, especially as it works to buy the dinar and sell the dollar to make the market stable. According to him.
He considered that" the arrival of the exchange rate of 147 thousand dinars per $ 100 note is normal, and within the specified range in the price difference. What is between what the bank sells and what is sold in the market. "
The advisor to the prime minister continued, "The talk about crossing the dollar from 1500 dinars to 1600 dinars or even more than this number falls within the rumors and price speculation. It is untrue." .
The exchange rate of the dollar had jumped in the local market in the past two days in the local markets to more than 1490 dinars against the dollar, which led to a rise in the prices of various foodstuffs and others, and while citizens and owners of banking offices criticized this rise, they called on the government to remedy the matter.
The Central Bank of Iraq had settled in a previous statement the controversy over the exchange rate of the dinar against the dollar, and a demand to reduce it, declaring that "there is no return to the previous price, and the price will not be reduced under any circumstances," stressing that there is no intention to raise the official rate announced by the bank from 1450. Dinars per dollar.

  • Thanks 2
  • Upvote 1
Link to post
Share on other sites

POSTED ON 2021-04-15 BY SOTALIRAQ
New interventions from the Central Bank regarding the exchange rate of the dollar against the dinar


Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced, on Thursday, the efforts of the Central Bank to stabilize the purchasing power of the Iraqi dinar .

Saleh said in a statement to the official agency, today (April 15, 2021), that “the central bank is working to meet the desired demand of foreign currency by market forces through the window of monetary policy operations or the so-called auction for the purposes of financing foreign trade for the private sector as well as providing a safe level. Of cash dollars ”.

He explained, "The central bank pushed towards the fixed exchange rate with clarity, transparency and ability, with the tools of supply in a way that leads to stability in price levels, stability of price expectations, a higher degree of certainty in looking at the levels of price stability and reduced transaction risks for market makers and dealers in it."

He continued, "The monetary policy of the central bank seeks to achieve its goals and achieve its goals under its enforceable law and its quantitative and price tools aimed at stabilizing the purchasing power of the dinar."

  • Thanks 2
  • Upvote 1
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.