Shafaq News

  In Shafaaq 

Document .. The Central Bank of Iraq increases the sale of foreign currency to cover demand

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 a rise 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 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.