The Central Bank announces the proceeds of selling the dollar through the electronic window

[yota691]

Central bank sales exceed $80 million

Expenses
   

Economy News-Baghdad
The Central Bank of Iraq's dollar cash sales increased in an auction, on Sunday, at the expense of foreign transfers.

 

Statistics published by the bank showed that today's auction for buying and selling US dollars witnessed the sale of 87,437,882 dollars, which the bank covered at a base exchange rate of 1,460 dinars per dollar.

 

Most of the dollar sales went in the form of cash, amounting to 51 million and 700 thousand dollars, while the rest of 35 million, 737 thousand and 882 dollars went to strengthening balances abroad in the form of transfers and credits.

 

The banks that bought the cash dollar amounted to 16 banks, while the number of banks that responded to requests for strengthening balances abroad reached 14 banks, while the total number of exchange and mediation companies participating in the auction was 210 companies.

 

 

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Views 158

Added 01/22/2023 - 1:31 PM

Updated 01/22/2023 - 6:18 PM

[6ly410]

Iraq news now

The central bank's sales of dollars increased, most of which went to cash transactions

Posted 8 seconds ago

 

High central bank sales of the dollar, most of which went to cash transactions - Iraq news (iraqakhbar-com.translate.goog)

 

news source /Iraq Today Agency

 

Baghdad - Iraq today:

Today, Sunday, the Central Bank of Iraq recorded an increase in its cash sales at the expense of foreign transfers.

A media source said, "The Central Bank sold today in its auction for the sale and purchase of US dollars 87 million and 437 thousand and 882 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar."

He added, "Most of the dollar sales went in the form of cash, amounting to 51 million and 700 thousand dollars, while the rest of 35 million, 737 thousand and 882 dollars went to strengthening balances abroad in the form of transfers and credits."

And he continued, "The banks that bought cash dollars amounted to 16 banks, while the number of banks that met requests to strengthen balances abroad reached 14 banks, while the total number of exchange and mediation companies participating in the auction was 210 companies."

 

[6ly410]

Currency crisis in Iraq. Chaos in the dollar market and low sales of the Central Bank

economy

Waleed's costume

 

22-Jan-2023

IRAQ'S FOREIGN CURRENCY CRISIS WORSENS (GETTY)

 

 

 

On Sunday, January 22, 2023, the Central Bank of Iraq's foreign currency sales fell to nearly $87 million, amid exchange rate chaos, exacerbating the currency crisis in Iraq.

 

Exchange rates continued to rise above 1600 dinars to the dollar

 

On Sunday, the dollar exchange rates witnessed fluctuations and uncertainty due to security campaigns targeting places to sell currency in the Al-Kifah and Al-Harithiya stock exchanges.

An employee at a Ahli Bank in Baghdad said, "Today we have adopted the exchange rate in force on the Erbil stock exchanges."

The approved exchange rate was 165,000 dinars per $100 at times, according to the employee, who asked not to be named for reasons related to the bank's laws.

The correspondent of "Ultra Iraq" reported that the Al-Kifah and Al-Harithiya stock exchanges became almost empty due to the security operations.

Baghdad stock exchanges stopped selling dollars after security campaigns targeted currency traders

He said that the exchanges, which opened their doors on Sunday, in various areas of the capital, refuse to sell dollars to citizens, and only buy it, at different prices between one exchange and another.

 

طابور أمام متجر للصرافة في بورصة الكفاح ببغداد في 27 كانون الأول/ ديسمبر 2022 (Getty)

 

Government attempts to control

Two days ago, specialized security agencies, with the support of military forces, carried out arrest campaigns for some traders in dollar buying and selling centers in Baghdad.

The Iraqi authorities are seeking to control the dollar's exchange rates, which continue to rise, with measures aimed at providing dollars in the market, to reduce the economic crisis, resulting from the currency crisis in Iraq.

Rafidain, Rasheed and Industrial banks were assigned as government banks, "to secure foreign currency for the public for various purposes such as tourism, study, medicine and others."

The difference between the official exchange rate and the market is about 15,000 dinars per $100.

Two weeks ago, the Central Bank of Iraqannounced the opening of a dollar outlet at Baghdad International Airport.

At the end of last month, Rafidain Bankadopted an exchange rate of 1465 dinars to the dollar, to settle their salaries in the bank, or those wishing to travel outside Iraq, and an amount not exceeding 10 thousand dollars.

 

Read also:

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Central Bank: safe measures to increase the supply of dollars in the market

 

Rising cash sales

During its auction for buying and selling the US dollar, the central bank witnessed a decline in its sales of the dollar to reach 87 million, 437 thousand and 882 dollars, by 36%, or equivalent to about 49 million dollars, from last Thursday's sales.

 

Foreign remittances recorded a significant decline to about $ 36 million, in the form of requests to enhance balances abroad, amounting to 41% of total sales.

 

Cash sales amounted to about $52 million, accounting for 59 percent of total sales.

The central bank recorded an increase in its sales of the currency in cash form, to $ 51.7 million, and by 59% of the total sales.

 

 

Since the beginning of December, the central bankhas been seeking to raise the weekly quota of cash sales of dollars in adollar auction, in order to control the currency crisis in Iraq.

 

Read also:

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For the first time in its history. "Zero" foreign remittances in the auction of the sale of the dollar

 

Fourteen banks met requests to strengthen balances abroad, compared to 16 banks to meet cash demands, with the participation of 185 intermediary companies and 25 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.

 

 

 

Last Thursday, January 19, 2023, sales of the Central Bank of Iraq rose to about $ 136 million, or approximately $ 42 million, compared to last Wednesday's sales.

Foreign remittances rose to more than $104 million, in the form of requests to enhance balances abroad, amounting to 76% of total sales, while cash sales recorded $32 million, representing 24% of total sales.

Last week's currency auction saw the sale of about $600 million, down nearly $250 million from the previous week's sales, with the Central Bank of Iraq selling about $600 during the week ending January 19.

The week witnessed a rise in the exchange rates of the dollar against the dinar, until the price exceeded the barrier of 165 thousand dinars per 100 dollars at the end of the week.

[6ly410]

A parliamentary bloc accuses banks of raising the price of the dollar and calls on the Sudanese to investigate

A parliamentary bloc accuses banks of raising the price of the dollar and calls on the Sudanese to investigate (shafaq.com)

2023-01-22 08:48

 

 

 

Shafaq News / The head of the parliamentary bloc of the National Product, Ebtisam Al-Hilali, on Sunday, Prime Minister Mohamed Shia Al-Sudani to open an investigation with the joint banks in the window of buying and selling foreign currency to control the dollar exchange rate

 

Al-Hilali told Shafaq News Agency, "Prime Minister Mohamed Shia is required today to form a Supreme Committee under his supervision and the membership of the Ministers of Finance and Interior and the Governor of the Central Bank to open an investigation with banks and outlets involved in the window of buying and selling foreign currency."

She pointed out that "some banks and outlets are accused of selling $ 100 in the market at a price exceeding 10,000 dinars from the official price set by the Central Bank, in addition to smuggling millions of dollars out of Iraqi territory."

Al-Hilali called on the prime minister to raise the issue of the "unprecedented rise" of the exchange rate in the cabinet meeting next Tuesday and to direct the security services to arrest those behind the rise in the dollar exchange rate and food prices in the market.

Since November 2022, the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual rise to reach its highest levels in recent days, as it exceeded the barrier of 165,000 dinars per 100 dollars.

On Saturday, a security source told Shafaq News Agency that a force of economic security conducted a security exercise in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to search for trading gangs by raising the price of the currency and monopoly.

The source explained that the raid was punctuated by a hit-and-run operation by the owners of exchange offices and their employees, a number of whom were arrested.

This was later confirmed by the Ministry of the Iraqi Ministry of Interior in a statement received by Shafaq News Agency, explaining that "the competent security services carried out a security operation in the capital Baghdad and the provinces to arrest manipulators of dollar exchange rates outside the controls and instructions, as well as the owners of unlicensed exchange shops."

"This operation did not target the owners of companies who deal legally away from speculation that targets the sustenance of citizens, as well as smuggling dollars and confusing the market," the ministry said.

[yota691]

High central bank sales of the dollar in today's auction

2023-01-23 05:00

 

 

 

Shafaq News/ The Central Bank of Iraq's sales of US dollars increased in the currency auction today, Monday, to more than 126 million dollars.

 

 

 

Shafaq News agency reporter stated that the Central Bank sold today, during its auction for buying and selling US dollars, 126 million and 944 thousand and 502 dollars, after the sales of yesterday, Sunday, were 87 million, 437 thousand and 882 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar. dollar.

Our correspondent added that sales of dollars went in the form of cash by 67 million and 900 thousand dollars, while the rest of 59 million and 44 thousand and 502 dollars went to reinforce the balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 15, while the number of banks that responded to requests for strengthening balances abroad reached 14, while the total number of exchange and mediation companies participating in the auction was 164 companies.

[yota691]

Currency auction.. The bank's dollar cash sales increased at the expense of foreign transfers

2023-01-24 04:46

 

 

Shafaq News/ The Central Bank's cash sales of dollars increased in an auction today, Tuesday, at the expense of foreign transfers.

Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 77 million, 274 thousand and 679 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar."

 

 

 

Our correspondent added; Most of the dollar sales went in the form of cash, amounting to 59 million and 900 thousand dollars, while the rest of 17 million, 374 thousand and 679 dollars went to strengthening balances abroad in the form of (transfers, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 18, while the number of banks that responded to requests for strengthening balances abroad was 5, while the total number of exchange and mediation companies participating in the auction was 218 companies.

 

 

[yota691]

A specialized expert analyzes the reasons for the decline of the dollar in the Iraqi market

2023.01.24 - 12:19

 

Baghdad - Nas  

On Tuesday, the expert and professor of economics at the University of Basra, Nabil Al-Marsoumi, analyzed the reasons for the decline in the price of the dollar against the Iraqi dinar.  

  

 

  

Al-Marsoumi said in a post entitled “Why did the price of the dollar decrease against the dinar?”, followed by “Nass” (January 24, 2023), that “the Central Bank of Iraq’s sales for today: –   

  

Transfers and credits = 17.374 million dollars.  

  

Cash sales = $59.900 million.  

  

Total sales = 77.274 million dollars.  

  

The expert added, "There is no change in the fundamentals. Cash sales are still the largest, and remittances and credits are the lowest. This means that the dollar's exchange rate decline is not linked to the application of compliance rules for the electronic platform introduced by the US Federal Bank."  

  

Al-Marsoumi explained, "It is related to good market sentiment and psychological motives resulting from the recent government measures and the replacement of the governor of the Central Bank of Iraq."  

[yota691]

As a result of this, an economist explains the reasons for the decline in dollar prices

 

money and business
   

Economy News-Baghdad
Economic expert Nabil Al-Marsoumi explained, on Tuesday, the recent decline in the exchange rates of the dollar.

 

 Al-Marsoumi said in a post on Facebook, “The Central Bank of Iraq’s sales for today, transfers and credits = 17.374 million dollars.”

 

Cash sales = $59.900 million, Total sales = $77.274 million.

 

He added, "The basics have not changed. Cash sales are still the largest, and transfers and credits are the lowest."

 

And he considered that "the decline in the exchange rate of the dollar is not related to the application of compliance rules for the electronic platform developed by the US Federal Bank, but rather to good market sentiment and psychological motives resulting from the recent government measures and the replacement of the governor of the Central Bank of Iraq."

 

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Views 213

Added 01/24/2023 - 12:03 PM

Updated 01/24/2023 - 5:01 PM

[yota691]

Less than $90 million in cash sales for the Iraqi currency auction

2023-01-25 06:20

 

Shafaq News/ The Central Bank of Iraq's cash sales of dollars in an auction today, Wednesday, amounted to less than 90 million dollars.

 

 

 

Shafaq News agency reporter stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 84 million 293 thousand and 274 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.

Our correspondent added that sales of dollars went in the form of cash by 39 million and 600 thousand dollars, while the rest of 44 million 693 thousand and 274 dollars went to reinforce the balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 13, while the number of banks that responded to requests to strengthen balances abroad reached 11, while the total number of exchange and mediation companies participating in the auction was 119 companies.

[yota691]

The Central Bank announces the outcome of the dollar sale window

2023.01.25 - 10:19

 

Baghdad - Nas  

The Central Bank of Iraq announced, on Wednesday, the outcome of the dollar sale window.  

  

 

  

  

  

Specialized sources indicate that the market needs about $200 million per day for the exchange rate to return to its previous levels.  

[yota691]

The Central Bank of Iraq’s dollar sales decreased in today’s auction

2023-01-26 04:18

 

 

Shafaq News/ The Central Bank's sales of dollars in cash and foreign remittances decreased in an auction today, Thursday, to reach 61 million dollars.

Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 61 million 649 thousand and 886 dollars, compared to yesterday, Wednesday, when sales amounted to 84 million 293 thousand and 274 dollars, which the bank covered at a basic exchange rate of 1460." dinars per dollar.

 

 

 

Our correspondent added that sales of dollars went in the form of cash, at the rate of 27 million and 500 thousand dollars, while the rest of 34 million, 149 thousand and 886 dollars went to reinforce the balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 11, while the number of banks that responded to requests for strengthening balances abroad reached 10, while the total number of exchange and mediation companies participating in the auction was 78 companies.

[6ly410]

Low sales and questionable prices. There is no clear end to the fate of the dollar in Iraq

Yes Iraq

Low sales and questionable prices. There is no clear end to the fate of the dollar in Iraq

•  1 hour ago
•  

Yes Iraq: Baghdad

 

Central Bank sales continue to remain low at a time when dollar prices are witnessing unstable fluctuations, and the lack of real and clear prices due to the closure of the stock exchanges for 5 consecutive days.

The bank's sales of the dollar recorded a decline on Thursday, as the Central Bank sold today during its auction 61 million and 649 thousand and 886 dollars, compared to yesterday, Wednesday, in which sales amounted to 84 million and 293 thousand and 274 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

Sales of the dollar went in cash at 27 million and 500 thousand dollars, while the rest of 34 million and 149 thousand and 886 dollars went to strengthen balances abroad in the form of (remittances, credits).

Eleven banks bought cash sales, while 10 banks met requests to strengthen balances abroad, while the total number of exchange and brokerage companies participating in the auction was 78.

On the other hand, exchange offices trade at varying prices for the dollar, but they often range at the level of 163 thousand dinars per 100 dollars in sale, and 161 thousand dinars for purchase, but most of the exchanges are completely stopped selling the dollar and these are only traded figures, as the stock exchange is still suspended for the sixth consecutive day.

[yota691]

Central Bank: Total hard currency sales reached $63 million

 

money and business
   

Economy News-Baghdad
The Central Bank of Iraq's sales of hard currency decreased today, Sunday, to 63 million dollars.

According to a report issued by the bank, "the total strengthening of balances abroad 16 was 19,235,080 million dollars, while the total cash sales were 44,100,000 million dollars."

The total sale total was "21,63,335,080 million dollars."

The number of participating banks to meet cash requests reached 16 banks, while the number of participating banks to meet requests for strengthening balances abroad reached 10 banks, and the total number of participating exchange companies reached 21 companies.

The total number of mediation companies participating was "176 companies".

 

 

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Views 94

Added 01/29/2023 - 11:10 AM

Updated 01/29/2023 - 5:26 PM

[yota691]

The Central Bank announces the proceeds of selling the dollar on Monday through the electronic window

2023.01.30 - 10:36

 

Baghdad - people  

The Central Bank of Iraq announced, on Monday, the proceeds of selling the dollar through the electronic currency window.  

 

  

The sales schedule on the window website, which was followed by “Nass”, (January 30, 2023), reveals that the total sale for the purposes of strengthening balances abroad (credit transfers) amounted to 43,100,748 million dollars.  

  

While the total cash sale amounted to 48,400,000 million dollars, while the total sales amounted to 91,500,748 million dollars.  

  

And 13 banks met the cash requests, while the number of banks participating in meeting requests for strengthening balances abroad was only 13 banks.  

[yota691]

The bank’s dollar sales increased by 44% in the currency auction

2023-01-30 04:24

 

 

Shafaq News/ The Central Bank's sales of dollars increased in an auction today, Monday, by 44%, to reach more than 90 million dollars.

 

Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling US dollars, 91,500,748 dollars, up by 44%, after the sales of yesterday, Sunday, were 63,335,000 and 80 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.

 

Our correspondent added that the dollar sales went in the form of cash at 48,400,000 dollars, while the rest of 43,100,000 and 748 dollars went to reinforce balances abroad in the form of (remittances, credits).

 

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 13, while the number of banks that responded to requests for strengthening balances abroad reached 13, while the total number of exchange and mediation companies participating in the auction was 170 companies.

[yota691]

Central Bank sales Monday more than 91 million dollars

2023-01-30

Yes Iraq: Baghdad

 

Today, Monday, the sales of the Central Bank of Iraq amounted to more than 91 million US dollars, with an increase in foreign transfers, which approached the rate of cash sales at the field of 40 million dollars.

Cash sales amounted to more than 48 million dollars, while sales of foreign remittances amounted to more than 43 million dollars.

[6ly410]

Sales of the Central Bank window of hard currency rise under the guidance of Al-Daouji Al-Alaq

Central Bank window sales of hard currency rise under the guidance of Al-Daouji Al-Alaq – Iraq News Network (aliraqnews.com)

Last Updated: January 30, 2023 - 5:18 PM

Baghdad / Iraq News Network - The Central Bank's sales of the dollar rose in an auction on Monday, by 44% to reach more than 90 million dollars.Our correspondent said, "The Central Bank sold today during its auction for the sale and purchase of the US dollar, 91 million and 500 thousand and 748 dollars, up by 44% after the sales for Sunday were 63 million and 335 thousand and 80 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.Our correspondent added that sales of the dollar went in the form of Cash and by 48 million and 400 thousand dollars, while the rest of 43 million and 100 thousand and 748 dollars went to enhance balances abroad in the form of (remittances, credits).Our correspondent pointed out that the banks that bought the cash dollar amounted to 13 banks, while the number of banks that met requests to enhance balances abroad reached 13 banks, most of which are banks of the Popular Mobilization parties, while the total number of exchange and mediation companies participating in the auction was 170 companies

[yota691]

Decrease from previous days rates

The Central Bank announces the proceeds of selling the dollar through the electronic window

2023.01.31 - 11:28

 

Baghdad - people  

The Central Bank of Iraq announced, on Tuesday, the proceeds of selling the dollar through the electronic currency window.  

  

  

  

The sales schedule on the window website, which was followed by “Nass”, (January 31, 2023), showed a decrease in their rates compared to the previous days.  

  

  

  

  

Yesterday, Monday, the Central Bank of Iraq announced the proceeds of selling the dollar through the electronic currency window.  

  

The sales schedule on the window website, which was followed by “Nass”, (January 30, 2023), reveals that the total sale for the purposes of strengthening balances abroad (credit transfers) amounted to 43,100,748 million dollars.    

  

While the total cash sale amounted to 48,400,000 million dollars, while the total sales amounted to 91,500,748 million dollars.    

  

And 13 banks met the cash requests, while the number of banks participating in meeting requests for strengthening balances abroad was only 13 banks.    

[yota691]

Bank sales of the dollar decreased in Tuesday's auction

2023-01-31 03:49

 

Shafaq News/ The Central Bank's sales of dollars decreased in an auction today, Tuesday, to less than 70 million dollars.

 

 

 

Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 69,625,125 dollars, which the bank covered at a basic exchange rate of 1,460 dinars per dollar.

Our correspondent added that the dollar sales went in the form of cash at 45,200,000 dollars, while the rest of 24,425,115 dollars went to reinforce balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 15, while the number of banks that responded to requests for strengthening balances abroad reached 13, while the total number of exchange and mediation companies participating in the auction was 207 companies.

[screwball]

On 1/20/2023 at 1:09 AM, unirod said:

One has to ask, at what point does Iraq stop their addiction to the USD and reveal the real rate of exchange? the current rate is bleeding the reserves of Iraq isn't it?

What happens if they have been forced to change their value because they have been feeding wars in neighbouring countries 

[screwball]

What happens if they are forcing the crash of the USD pushing them to gold and asset backed currency which we know is coming sooner than later! 

[6ly410]

The Central Bank announces the proceeds of the sale of the dollar through the electronic window

2023.02.01 - 11:37

The Central Bank announces the proceeds of the sale of the dollar through the electronic window (nasnews.com)

 

  

Baghdad - Nas   

On Wednesday, the Central Bank of Iraq announced the proceeds of the sale of dollars through the electronic window (February 1, 2023).  

  

 

  

  

[yota691]

The Central Bank announces the proceeds of selling the dollar through the electronic window

2023.02.01 - 11:37

 

Baghdad - people   

The Central Bank of Iraq announced, on Wednesday, the proceeds of selling dollars through the electronic window (February 1, 2023).  

  

  

  

  

  

[yota691]

An increase of more than 52% in the Iraqi Central Auction for the sale of currency

2023-02-01 04:06

 

 

Shafaq News/ The Central Bank of Iraq's sales of dollars increased in the currency auction today, Wednesday, by more than 52%, to reach less than 105 million dollars.

 

 

 

Shafaq News Agency reporter stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 105 million, 115 thousand and 216 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.

Our correspondent added that sales of dollars went in the form of cash at the rate of 55 million dollars, while the rest of 50 million, 115 thousand and 216 dollars went to reinforce the balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 15, while the number of banks that responded to requests for strengthening balances abroad reached 17, while the total number of exchange and mediation companies participating in the auction was 112 companies.

[yota691]

compared to yesterday's sales

A significant decline in dollar sales through the central bank window today, Thursday

2023.02.02 - 12:10

 

Baghdad - Nas  

The Central Bank of Iraq announced, on Thursday, the proceeds of selling the dollar through the electronic currency window.  

  

 

  

  

The sales schedule on the window website, which was followed by "NAS", (February 2, 2023), showed a significant decrease in their rates compared to yesterday's sales.