A coup in the auction of the sale of dollars. Collapse in foreign remittances for the second day

[6ly410]

A coup in the auction of the sale of dollars. Collapse in foreign remittances for the second day

economy

Ultra Iraq

A coup in the auction of the sale of dollars. Collapse in foreign remittances for the second day (ultrasawt.com)

21-Dec-2022

THE CENTRAL BANK'S FOREIGN SALES HIT A RECORD LOW ON WEDNESDAY (FACEBOOK)

 

Ultra Iraq - Editorial Team

The Central Bank of Iraq's foreign currency sales continued to record low levels on Wednesday, December 21, 2022, to nearly $ 86 million, as foreign remittances continued to collapse.

Foreign remittances amounted to approximately $ 20 million, representing 23% of total sales.

 

In a dollar auction, foreign remittances are usually superior to cash sales, sometimes nearly doubling.

During its auction for buying and selling the US dollar, the central bank witnessed a relative increase in its sales of dollars to reach 56 million, 676 thousand, and 315 dollars, by 52%, or the equivalent of about 30 million dollars, from last Tuesday's sales.

 

Foreign remittances rose slightly to about $20 million, in the form of requests to strengthen balances abroad, amounting to 23% of total sales.

 

The central bank recorded an increase in its sales of currency in cash form, to more than $ 66 million, and by 77% of the total sales.

 

Nine banks met requests to strengthen balances abroad, compared to 18 banks to meet cash demands, with the participation of 235 brokerage companies and 33 exchange companies.

 

The Bank covered sales at the following prices:

 

• The selling price of amounts transferred to bank accounts abroad is (1460) dinars per dollar.

•  

  The cash selling price is (1460) dinars per dollar.

 

 

On Tuesday, December 20, 2022, the Central Bank of Iraq's sales recorded a huge decline to about $ 57 million, with a collapse in foreign sales, by 58%, or equivalent to approximately $ 79 million, from last Monday's sales.

Foreign remittances fell significantly to more than $17 million, in the form of requests to enhance balances abroad, amounting to 30% of total sales.

The central bank recorded a decline in its sales of currency in cash form, to $ 39.5 million, and by 70% of the total sales.

The Central Bank announced raising the weekly quota of dollar cash sales, in order to control exchange rates, but exchange rates reached more than 153 thousand dinars per hundred dollars, at some times of Thursday, before returning to more than 152 thousand.

 

[6ly410]

Massive decline in sales of the Central Bank of Iraq

economy

Ultra Iraq

Massive decline in sales of the Central Bank of Iraq (ultrasawt.com)

21-Dec-2022

CENTRAL BANK SALES HIT A HISTORIC LOW ON TUESDAY (FACEBOOK)

 

Ultra Iraq - Editorial Team

The Central Bank of Iraq's foreign currency sales recorded a significant decline on Tuesday, December 20, 2022, to about $ 57 million, with a collapse in foreign sales.

 

Foreign remittances amounted to approximately $ 17 million, representing 30% of total sales.

 

During its auction for the sale and purchase of US dollars, the central bank witnessed a decline in its sales of the dollar to reach 56 million, 676 thousand, and 315 dollars, by 58%, or equivalent to approximately $ 79 million, from last Monday's sales.

 

Foreign remittances fell significantly to more than $17 million, in the form of requests to enhance balances abroad, amounting to 30% of total sales.

 

The central bank recorded a decline in its sales of currency in cash form, to $ 39.5 million, and by 70% of the total sales.

 

Seven banks met requests to strengthen balances abroad, compared to 9 banks to meet cash demands, with the participation of 120 brokerage companies and 22 exchange companies.

 

The Bank covered sales at the following prices:

 

• The selling price of amounts transferred to bank accounts abroad is (1460) dinars per dollar.

•  

  The cash selling price is (1460) dinars per dollar.

 

 

On Monday, December 19, 2022, the Central Bank of Iraq's sales rose to more than $135 million, with a jump in cash sales, by 12%, or approximately $15 million, from last Sunday's sales.

Foreign remittances decreased to more than $76 million, in the form of requests to enhance balances abroad, amounting to 56% of total sales.

The central bank recorded a significant jump in its sales of currency in cash form, to more than $ 59 million, and by 44% of the total sales.

 

 

 

[6ly410]

/ For the first time. CBI Dollar Cash Sales Exceeded Foreign Remittances

Posted a minute ago

 

Massive decline in sales of the Central Bank of Iraq (ultrasawt.com)

 

News Source /Iraqi Media News Agency "INA"

 

 

/ Baghdad / Follow-up

The Central Bank of Iraq's cash sales of the US dollar rose today, Wednesday, to exceed for the first time foreign remittances, with the participation of 32 banks.

The correspondent of (Iraqi Media News Agency/) said that the Central Bank sold today, during its auction for the sale and purchase of US dollars, 126 million, 67 thousand and 350 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

Our correspondent added that the sales went most of them for the first time in the form of cash sales, amounting to 63 million and 70 thousand dollars, while the rest of them went to better balances abroad (remittances, credits) by 62 million and 997 thousand and 350 dollars.

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 18, while the number of banks that met requests for strengthening balances abroad reached 14, while the total number of exchange and mediation companies participating in the auction was 186 companies.

 

[6ly410]

For the first time. CBI Dollar Cash Sales Exceed Foreign Remittances

For the first time. CBI Dollar Cash Sales Exceed Foreign Remittances (shafaq.com)

2022-12-21 03:46

 

 

Shafaq News / The Central Bank of Iraq's cash sales of the US dollar rose today, Wednesday, to exceed for the first time foreign remittances, with the participation of 32 banks.

 

 

Fullscreen

 

According to the correspondent of the Shafaq News Agency, the Central Bank sold today, during its auction for the sale and purchase of the US dollar, 126 million and 67 thousand and 350 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

Our correspondent added that the sales went most of them for the first time in the form of cash sales, amounting to 63 million and 70 thousand dollars, while the rest of them went to enhance balances abroad (remittances, credits) by 62 million and 997 thousand and 350 dollars.

Our correspondent pointed out that the banks that bought the cash dollar amounted to 18 banks, while the number of banks that met the requests to enhance balances abroad reached 14 banks, while the total number of exchange and brokerage companies participating in the auction was 186 companies.

 

[chris2028]

Thanks again @6ly410for these great articles!  I'm sure I'm not the only one feeling this way, but every single morning these past few weeks I feel as though I'll wake up and the dinar will have increased in value etc. Its bound to happen any time now. I'm sure of it! Lets keep the faith and positive vibes going. 

 

GO RV/RI

[Carrello]

6l410, in the past (10 years or so ago) I was a news poster on DV and other sites. I know the time, effort, and dedication it takes to keep people informed. So, thank you for your efforts to keep Dinarians informed and up to date on this investment. Best to you.

[dinarham]

Termination of the currency auctions =rv/ri .  The fluctuation in dinar value from 1190 to 1450 is way less than a penny 

[southbeach]

10 hours ago, Carrello said:

6l410, in the past (10 years or so ago) I was a news poster on DV and other sites. I know the time, effort, and dedication it takes to keep people informed. So, thank you for your efforts to keep Dinarians informed and up to date on this investment. Best to you.

Thanks and God bless you Carrello for your service and perserverence in this inevitable investment.