Central pumping the dollar to reduce the price and sells $28
Posted: Fri Dec 23, 2011 11:11 amCentral pumping the dollar to reduce the price and sells $281 million in auction
Sales from the Iraqi Central Bank to conclude its weekly, on Thursday, a rise of up to $ 281 million in the auction for the sale and purchase of foreign currencies, a high figure for the previous session, $ 32 million, while stressing the central continue to pump cash into the local market to bring the exchange rate to the level normal after a surge in the local market.
The bulletin issued by the Central Bank that the total volume of demand on the dollar stood at 281 million and 197 thousand dollars, covered by the central bank at an exchange rate basis was 1170 dinars to the dollar. “
exceeded the central bank sales during the week, quarter of a million dollars on average per day, after the rise in exchange rates of the U.S. dollar last week, a figure higher than the average need of the Iraqi market, the dollar per day between 150-170 million dollars.
The exchange rate rose early this week to reach a price of 1225 dinars per dollar, 1235 dinars per dollar, after it was between 1190 and 1200 dinars per dollar during the past few months, slipping today to 1214 dinars per dollar, according to banking offices in Baghdad.
which attributed specialists to the effect of concern citizen about the U.S. withdrawal, which resulted in saving cash foreign in case of any emergency security, while the suspended Central Bank of Iraq on the exchange rate appreciation by saying that a bubble price resulted from an internal reason are concerned citizens of the retreat of the security situation because of the security situation and the political transformation of the Iraqi trader to the broker re-export of goods due to regional conditions and thereby increase the demand and rising price of the dollar.
But the Central at the same time said that the exchange rate will soon be back, because of the ability of the central pumping large amounts of foreign exchange to the domestic market thanks to the cash reserve enjoying greater, which was confirmed on Thursday in a statement received by Aswat al-Iraq copy of it.
and distributed auction sales on the “cash sales amount of three million and 500 thousand dollars at the exchange rate was 1183 dinars per dollar,” inclusive “commission the Central Bank amounting to 13 dinars per dollar,” while sales orders amount of 277 million and 697 thousand dollars at the exchange rate was 1183 dinars per dollar, “inclusive” commission the Central Bank amounting to 13 dinars per dollar, “and showed the bulletin that” did not make any of the banks, the 24 participating in the auction with offers to sell the dollar.
and hold the Iraqi Central Bank auction of five meetings a week starting from Sunday to Thursday for buying and selling of foreign currencies, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.
http://bit.ly/tcioC0
Sales from the Iraqi Central Bank to conclude its weekly, on Thursday, a rise of up to $ 281 million in the auction for the sale and purchase of foreign currencies, a high figure for the previous session, $ 32 million, while stressing the central continue to pump cash into the local market to bring the exchange rate to the level normal after a surge in the local market.
The bulletin issued by the Central Bank that the total volume of demand on the dollar stood at 281 million and 197 thousand dollars, covered by the central bank at an exchange rate basis was 1170 dinars to the dollar. “
exceeded the central bank sales during the week, quarter of a million dollars on average per day, after the rise in exchange rates of the U.S. dollar last week, a figure higher than the average need of the Iraqi market, the dollar per day between 150-170 million dollars.
The exchange rate rose early this week to reach a price of 1225 dinars per dollar, 1235 dinars per dollar, after it was between 1190 and 1200 dinars per dollar during the past few months, slipping today to 1214 dinars per dollar, according to banking offices in Baghdad.
which attributed specialists to the effect of concern citizen about the U.S. withdrawal, which resulted in saving cash foreign in case of any emergency security, while the suspended Central Bank of Iraq on the exchange rate appreciation by saying that a bubble price resulted from an internal reason are concerned citizens of the retreat of the security situation because of the security situation and the political transformation of the Iraqi trader to the broker re-export of goods due to regional conditions and thereby increase the demand and rising price of the dollar.
But the Central at the same time said that the exchange rate will soon be back, because of the ability of the central pumping large amounts of foreign exchange to the domestic market thanks to the cash reserve enjoying greater, which was confirmed on Thursday in a statement received by Aswat al-Iraq copy of it.
and distributed auction sales on the “cash sales amount of three million and 500 thousand dollars at the exchange rate was 1183 dinars per dollar,” inclusive “commission the Central Bank amounting to 13 dinars per dollar,” while sales orders amount of 277 million and 697 thousand dollars at the exchange rate was 1183 dinars per dollar, “inclusive” commission the Central Bank amounting to 13 dinars per dollar, “and showed the bulletin that” did not make any of the banks, the 24 participating in the auction with offers to sell the dollar.
and hold the Iraqi Central Bank auction of five meetings a week starting from Sunday to Thursday for buying and selling of foreign currencies, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.
http://bit.ly/tcioC0