The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)-Urgent

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The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)-Urgent

Economy | Today, 14:07 | 

The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)-Urgent » Baghdad Today News Agency

 

    

 

 

Baghdad Today -

 

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in the document. The Central Bank of Iraq decides to reduce the exchange rate of the dollar to 1465 dinars

In the document.. The Central Bank of Iraq decides to reduce the exchange rate of the dollar to 1465 dinars | The information (almaalomah-me.translate.goog)

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• in the document. The Central Bank of Iraq decides to reduce the exchange rate of the dollar to 1465 dinars

 

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Urgent in the document. The Central Bank decides to reduce the dollar exchange rate

•  Time : 2022/12/15 13:58:43
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•  Reading : 1 131 times
• in the document. CBE decides to reduce the dollar exchange rate - Al-Furat News (alforatnews.iq)

  

 

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The Central Bank of Iraq decides to reduce the selling price of the dollar (Document) - Urgent

2022.12.15 - 14:14

The Central Bank of Iraq decides to reduce the selling price of the dollar (Document) - Urgent (nasnews.com)

 

  

Baghdad - Nas   

The Central Bank of Iraq decided to reduce the selling price of the dollar to its customers who finance their imports with documentary credits.  

 

  

  

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Iraq news now

The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)-Urgent

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The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)-Breaking - Iraq News (iraqakhbar-com.translate.goog)

 

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Baghdad Today - Baghdad

Today, Thursday, the Central Bank of Iraq decided to reduce the dollar exchange rate to 1465 dinars.

 

 

 

You can also read the news fromthe source from here

 

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In the document .. the central bank decides to reduce the price of the dollar

In the document The Central Bank decides to reduce the price of the dollar (ninanews-com.translate.goog)

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Baghdad /Nina/ The Central Bank decided to reduce the exchange rate of the dollar to 1465 dinars to the dollar./End3
 

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Including the electronic platform. The Central Bank of Iraq announces the reasons for the rise in the dollar exchange rate

Including the electronic platform. The Central Bank of Iraq announces the reasons for the rise in the dollar exchange rate (shafaq.com)

2022-12-15 04:23

 

 

Shafaq News / The Central Bank of Iraq announced, on Thursday, the reasons for the rise in the dollar exchange rate in local markets, including the "electronic platform", describing this rise as simple.

[6ly410]

Including the electronic platform. The Central Bank of Iraq announces the reasons for the rise in the dollar exchange rate

Including the electronic platform. The Central Bank of Iraq announces the reasons for the rise in the dollar exchange rate (shafaq.com)

2022-12-15 04:23

 

 

Shafaq News / The Central Bank of Iraq announced, on Thursday, the reasons for the rise in the dollar exchange rate in local markets, including the "electronic platform", describing this rise as simple.

The bank said, in a press statement, reported to the Shafaq News Agency, because the slight rise in the dollar exchange rate in the local markets during the previous days is due to some factors, including the construction of an electronic platform through which banks raise their customers' requests.

 

 

The bank's statement quoted an authorized source as saying that the Central Bank began months ago to build this platform in coordination with international bodies for the purpose of governing and organizing the operations of the sale and purchase of foreign currency and ensuring the effectiveness of control over it, as a specialized international company was assigned to build it and link banks with the Central Bank through it.

He pointed out that the platform requires providing information on customers requesting transfers, beneficiaries and correspondent banks.

He explained that due to the novelty of using this platform, many errors are being discovered, which requires the bank to re-upload them, noting that these procedures take additional time to accept the application and pass it through the global financial system.

In this regard, the reserves of the Central Bank and the solvency of the state in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not linked to resources but to administrative and audit procedures, which will be exceeded in the coming days in addition, according to the bank's statement.

He added that the Central Bank has taken a number of measures to expand the foreign exchange supply to meet the public's demand for cash dollars, and the window management has been directed to meet the requests of banks for the coming days faster by implementing double requests and a preferential rate has been given for the implementation of documentary credits, for the purpose of covering domestic demand.

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The Central Bank of Iraq decides to reduce the exchange rate of the dollar to 1465 dinars (Document)

Layla Waleed32 minutes ago

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The Central Bank of Iraq decides to reduce the dollar exchange rate to 1465 dinars (Document) – Al-Oula News Agency (awla.news)

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Press release

 Banknotes

Central Bank of Iraq | Press release (cbi.iq)  

 December 15, 2022

 

 

---

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An authorized source in the Central Bank of Iraq explained that the slight rise in the dollar exchange rate in the local markets during the previous days is due to some factors, including the construction of an electronic platform through which banks raise the requests of their customers. Provide information on customers requesting transfers, beneficiaries, correspondent banks, etc.

Due to the novelty of using this platform, many errors are being discovered and the bank needs to reload them. These procedures take additional time to accept the request and pass it through the global financial system. In this regard, the reserves of the Central Bank and the solvency of the state in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not related to resources, but to administrative and audit procedures, which will be exceeded in the coming days. Preferential price for the execution of documentary credits, and for the purpose of covering local demand.

 

Central Bank of Iraq
Media
Office 15-Dec-2022

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The Central Bank of Iraq decides to reduce the exchange rate of the dollar to banks (Document)

Economy | Today, 14:07 | 

    

The Iraqi Central Bank decides to reduce the dollar exchange rate for banks (Document) » Baghdad Today News Agency

 

 

Baghdad Today - Baghdad

Today, Thursday, the Central Bank of Iraq decided to reduce the dollar exchange rate to 1465 dinars.

According to a document issued by the bank obtained by (Baghdad Today) that "the decision came to encourage the public to finance its imports through documentary credits instead of remittances, as the bank decided in its extraordinary session, to reduce the exchange rate of the dollar for the beneficiary who finances his imports of documentary credits to be 1465 dinars to the dollar instead of 1470 dinars." He pointed out that "the central bank will sell dollars to the bank for the purposes of documentary credits for an amount of 1455 dinars to the dollar, instead of 1460."

Recently, parliamentary demands were issued to the government to explain the measures taken to compensate for the decrease in the value of salaries as a result of the rise in the exchange rate of the dollar against the dinar.

It is noteworthy that the rise in the exchange rate of the dollar greatly affected the economic situation of citizens, which requires government and parliamentary measures and decisions to prevent instability and the devaluation of the Iraqi dinar.

The exchange rates of the dollar against the dinar continued on Thursday to rise in local markets in the capital, Baghdad.

The correspondent of (Baghdad Today) said that "the central exchanges of Al-Kifah and Al-Harithiya in Baghdad, recorded 151,700 dinars against 100 dollars."

"Buying and selling prices have risen in exchange shops in local markets in Baghdad, with the selling price reaching 152,500 dinars per $100, while the purchase prices reached 151,500 dinars per $100," he said.

While the prices for yesterday, Wednesday, were 151,300 dinars against 100 dollars.

[6ly410]

The Central Bank of Iraq attributes the rise in the price of the dollar to the establishment of an electronic platform that meets the demands of customers

Economy | Today, 14:21 | 

    The Iraqi Central Bank attributes the rise in the price of the dollar to the establishment of an electronic platform that meets the demands of customers » Baghdad Today News Agency

 

 

Baghdad Today - Baghdad

On Thursday, the Central Bank of Iraq attributed the rise in dollar exchange rates in local markets during the previous days to the construction of an electronic platform that meets the requests of banks through it.

A statement by the Central Bank quoted an authorized source as saying that "the slight rise in the dollar exchange rate in the local markets during the previous days is due to some factors, including the construction of an electronic platform through which banks raise the requests of their customers," noting that "the bank began months ago to build that platform in coordination with international bodies for the purpose of governing and organizing the operations of the window of buying and selling foreign currency and ensuring the effectiveness of control over it, as a specialized international company was assigned to build it and link banks with the Central Bank from During it.

"The platform requires providing information about customers requesting transfers, beneficiaries, correspondent banks, etc.," he said, explaining that "due to the novelty of using this platform, many errors are being discovered, which requires the bank to re-upload them. These procedures take additional time to accept the application and pass it through the global financial system."

The source said, according to the statement, that "in this regard, the reserves of the Central Bank and the solvency of the state in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not linked to resources, but to administrative and audit procedures, which will be exceeded in the coming days in addition to that."

He stressed that "the Central Bank has taken a number of measures to expand the foreign exchange supply to meet the public's demand for cash dollars, and the window management has been directed to meet the requests of banks for the coming days faster by implementing double requests and a preferential rate has been given for the implementation of documentary credits, and for the purpose of covering domestic demand," according to a statement received by Baghdad Today.

Earlier in the day, the Central Bank of Iraq decided to reduce the dollar exchange rate to 1465 dinars for banks.

According to a document issued by the bank obtained by (Baghdad Today) that "the decision came to encourage the public to finance its imports through documentary credits instead of remittances, as the bank decided in its extraordinary session, to reduce the exchange rate of the dollar for the beneficiary who finances his imports of documentary credits to be 1465 dinars to the dollar instead of 1470 dinars." He pointed out that "the central bank will sell dollars to the bank for the purposes of documentary credits for an amount of 1455 dinars to the dollar, instead of 1460."

Recently, parliamentary demands were issued to the government to explain the measures taken to compensate for the decrease in the value of salaries as a result of the rise in the exchange rate of the dollar against the dinar.

It is noteworthy that the rise in the exchange rate of the dollar greatly affected the economic situation of citizens, which requires government and parliamentary measures and decisions to prevent instability and the devaluation of the Iraqi dinar.

The exchange rates of the dollar against the dinar continued on Thursday to rise in local markets in the capital, Baghdad.

The correspondent of (Baghdad Today) said that "the central exchanges of Al-Kifah and Al-Harithiya in Baghdad, recorded 151,700 dinars against 100 dollars."

"Buying and selling prices have risen in exchange shops in local markets in Baghdad, with the selling price reaching 152,500 dinars per $100, while the purchase prices reached 151,500 dinars per $100," he said.

While the prices for yesterday, Wednesday, were 151,300 dinars against 100 dollars.

[6ly410]

1.  Central Bank clarifies on the rise in the dollar exchange rate

 

Urgent Central Bank clarifies on the rise in the dollar exchange rate

•  Time : 2022/12/15 14:29:24
•  

  

{Economic: Al-Furat News} The Central Bank of Iraq explained, regarding the rise in the exchange rate of the dollar against the dinar in the local markets.

The central bank attributed the rise to "several factors, including the construction of an electronic platform through which banks raise their customers' requests".

"The platform requires the provision of information on customers requesting transfers, beneficiaries and correspondent banks," he added.

The central bank noted that "our reserves and the solvency of the state in general are in excellent condition and at their best levels in decades."

"The current supply of foreign currency is not related to resources but to administrative and audit procedures," he said.

"We have taken a number of measures to expand the foreign exchange supply to meet the public's demand for monetary dollars," the central bank said.

[6ly410]

 

[Longtimelurker]

We're rich!!!

[steveh12]

Quote

 

AND THE WINNER IS???

[dinarham]

  Am I reading this right ? 

[Pitcher]

At this rate of change we will all be wealthy in the year 2525, "if man is still alive"  

[JonnyV]

12 minutes ago, Pitcher said:

At this rate of change we will all be wealthy in the year 2525, "if man is still alive"  

 

Aliens, from another planet that is, will benefit from it.  The human race will be extinct by then. 

[Man_Kind]

19 minutes ago, JonnyV said:

 

Aliens, from another planet that is, will benefit from it.  The human race will be extinct by then. 

 

Uranus maybe ? That stinks !💩

 

[Pitcher]

My post above was in jest.  The quote is from a hit song from 1969.  I'll still be around in 2525.  

 

Go RV!!!!!   Cheers!!  😃😃

[Laid Back]

From 1460 to 1465 dinar per $1. Another devaluation of the dinar by 0.31%

 

1164 to 1170 to 1182 to 1460 to 1465 Wrong Direction.

 

I came here for a revaluation not a devaluation.

 

 

[Dretown39]

4 minutes ago, Laid Back said:

From 1460 to 1465 dinar per $1. Another devaluation of the dinar by 0.31%

 

1164 to 1170 to 1182 to 1460 to 1465 Wrong Direction.

 

I came here for a revaluation not a devaluation.

 

 

I feel you! I'll be definitely taking a break from the dinar news beginning of the year! These folks move super slow!🐢

[Hotcurl]

I am thinking that : this just confirms that the CBI doesn't need the budget, parliament or any pending new laws to change the "official" exchange rate.

The question I am asking myself = What is the point of doing this now ? ..........This is a tiny fraction of a US penny change in the wrong direction.

There has always been a divergence between the "official" rate and the "street" rate. 

 

Just sayin' ................

 

Semper Fi 

[rvmydinar]

2 hours ago, steveh12 said:

AND THE WINNER IS???

Winner Winner Chicken Dinner