Official: CBI News 01/02/2023

[6ly410]

CBE expands the number of bank outlets to sell foreign currency to 20 banks

The Central Bank expands the number of bank outlets to sell foreign currency to 20 banks » Baghdad Today News Agency

 

Economy | Today, 13:31 | 

    

 

 

Baghdad Today - Baghdad

The Central Bank announced on Monday the expansion of the number of bank outlets for the sale of foreign currency to 20 banks.

"After the success of its initiative to enhance the stability of the currency market, the Central Bank decided to expand the number of bank outlets to sell foreign currency from 10 to 20 banks," a statement received by Baghdad Today said.

"Increasing the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency in accordance with the instructions and controls issued by the bank," he said.

The Bank disclosed the names of the banks covered by its new resolution as per the table below:

Edited by: R. A.

 

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[yota691]

The Central Bank of Iraq expands the number of bank outlets for selling foreign currency

 

  

 January 02, 2023

 

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 After the success achieved by its initiative to enhance the stability of the currency market, the Central Bank of Iraq decided, today, Monday, to expand the number of bank outlets for selling foreign currency from 10 to 20 banks.
The Central Bank of Iraq also decided to increase the amounts allocated to these banks on a weekly basis to meet the largest possible number of those covered by the purchase of foreign currency in accordance with the instructions and controls issued by the bank.
The bank revealed the names of the banks covered by its new decision, according to the table below.

 

[yota691]

Prices of bullion and gold coins for Monday 1/2/2023 until Thursday 1/5/2023

 

  

January 02, 2023

( Citizens can refer to government and private banks to purchase bars and gold coins )

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The weight	Price/dinar	photo/front
Specie 22 g	2,071,500
5 g ingot	442,500
10 g ingot	874,500
15 g ingot	1,315,000
20 g ingot	1,763,500
25 gr ingot	2,214,000

 

[yota691]

The Iraqi Central Bank announces an increase in the number of foreign currency sales outlets

2023.01.02 - 13:32

 

Baghdad - Nas   

The Central Bank of Iraq announced, on Monday, an increase in the number of banks selling foreign currency.  

  

  

  

And the bank stated in a statement that “NAS” received a copy of it, (January 2, 2023), “After the success achieved by its initiative to enhance the stability of the currency market, the Central Bank of Iraq decided, today, Monday, to expand the number of bank outlets for selling foreign currency from 10 to 20 banks.” .  

  

The bank also decided, according to the statement, "to increase the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency in accordance with the instructions and controls issued by the bank," revealing "the names of the banks covered by its new decision according to the table below."  

  

[yota691]

With names.. The Central Bank expands the number of dollar sales outlets to 20 banks

• Time: 01/02/2023 13:29:38
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• Read: 1,729 times

  

{Economic: Al Furat News} The Central Bank announced today, Monday, the expansion of the number of bank outlets for selling foreign currency to 20 banks.

A statement of the bank, received by {Euphrates News}, stated that "after the success achieved by its initiative to enhance the stability of the currency market, the Central Bank decided to expand the number of bank outlets for selling foreign currency from 10 to 20 banks."

He added, "Increasing the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency, in accordance with the instructions and controls issued by the bank."

The bank revealed the names of the banks covered by its new decision, according to the table below:

 

[yota691]

The Central Bank expands the number of bank outlets for selling foreign currency to 20 banks

 

 

 Today, 13:28

Baghdad - conscious 

Today, Monday, the Central Bank decided to expand the number of bank outlets for selling foreign currency to 20 banks.

A statement of the bank, received by the Iraqi News Agency (INA), stated, "It was decided to expand the number of bank outlets for selling foreign currency from 10 banks to 20 banks."

He added, "The Central Bank also decided to increase the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency, in accordance with the instructions and controls issued by the bank."

The bank revealed the names of the banks covered by its new decision, according to the table below:

 

 

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Thanks Yota for all of your superb work!!

[yota691]

Economist: The stability of the dollar exchange is in the hands of the Central Bank, and the media has a negative role in it

• Time: 01/02/2023 19:35:21
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• Read: 1,820 times

  

{Economic: Al Furat News} The economist, Basem Jamil Antoine, confirmed today, Monday, that the stability of the dollar exchange rates is in the hands of the Central Bank.

 

Antoine said {to Euphrates News}, that: "The economic paralysis reflects negatively on the local market, causing monetary inflation and economic deflation until price stability, which is like the experience of hammered pots that settle at one level."
He added, "The process of rising dollar exchange rates is similar to that experience, as it continues to be addressed through the central bank pumping dollars into the markets and increasing sales outlets."
Antoine pointed out, "The media side played a big role in the prices, as it often causes irritation to the citizen, who is afraid of rumors surrounding the exchange rates due to their direct contact with his pension situation."
And the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad closed, on Monday evening, at an exchange rate of 152,900 Iraqi dinars for 100 dollars, which are the same prices this morning.
The buying and selling prices also stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 153,500 Iraqi dinars, while the purchase price reached 152,500 dinars for every 100 dollars.

From: Raghad Dahham

[6ly410]

Dollar crisis

After an 'angry' demonstration. CBE Governor issues new clarification

2023.01.04 - 17:39

After an 'angry' demonstration. CBE Governor issues new clarification (nasnews.com)

lik

  

Baghdad - Nas   

Central Bank Governor Mustafa Ghaleb Makhif met on Wednesday with a number of young people calling for control of the dollar exchange rate.  

  

  

The bank stated in the receipt of a copy of it by "Nas", (January 4, 2023), that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, met this afternoon, Wednesday 4/1/2023, a number of young people who call for controlling the dollar exchange rate. His Excellency explained the measures taken by the Central Bank in addressing the mechanisms of financing foreign trade, developing the electronic platform for transferring funds for these purposes, and correcting the course of financial and commercial action, reviewing the Central Bank's procedures in delivering foreign currency to those wishing to travel.  

  

The statement added, "He also reviewed the challenges facing the monetary authority and the procedures adopted to activate supervision of the banking sector. The guests showed understanding of these procedures and supported the importance of regulating trade and avoiding inaccurate documentation."  

  

Earlier, a number of citizens organized angry demonstrations in front of the Central Bank building in the capital, Baghdad.  

  

Our correspondent reported (January 4, 2023) that "a number of citizens organized demonstrations in front of the Central Bank building on Al-Rashid Street in Baghdad, through which they raised banners demanding a reduction in the dollar exchange rate."   

  

Images monitored by "Nas" showed part of the demonstrations, which coincided with continuous showers of rain, amid intensive security deployment.   

[yota691]

Popular demands for government banks to sell dollars in cash to citizens

• Time: 01/06/2023 12:25:27
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• Read: 1,001 times

  

{Local: Al-Furat News} Citizens and merchants called on the government and the Central Bank of Iraq to allow government banks (Al-Rafidian - Al-Rasheed - Al-Sina'i) to include selling dollars in cash, similar to what private banks do.

And they emphasized in their appeal via {Euphrates News} that "private banks sell dollars in cash for more than $5,000, while there is no government banks withholding that."
They pointed out, "The generalization of the experiment to government banks and selling them dollars in cash will lead to a reduction in the exchange rate in the market."
It is noteworthy that, two days ago, the local markets witnessed a return to a slight rise in the exchange rates of the dollar, despite its relatively low days ago, after a series of measures by the Central Bank of Iraq in selling foreign currency at a price of 1460 dinars to travelers exclusively, and at an amount of 10 thousand dollars via the MasterCard card.
And in the bank's latest measures to control the price of the dollar, it announced last Monday the expansion of the number of bank outlets for selling foreign currency to 20 banks instead of 10 banks.
The bank said in a statement, "Increasing the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency, in accordance with the instructions and controls issued by the bank."