*********** With the lack of liquidity, the central Alnkadih..alpennek recorded a significant drop in sales of the dollar

Admin Tue Jan 27, 2015 11:51 am

Tuesday, 27 January 2 / January 2015 12:38

[Baghdad-where]

Central bank sales declined in the auction for the sale of foreign currencies on Tuesday to $ 69 million after yesterday reached 77 million and 907 000 dollars.

According to a statement of the bank received by all of Iraq [where] a copy of the "amount sold by the bank the size of today's auction at the price of the dollar stood at 69 million and 593 000 dollars at the exchange rate in 1166 dinars to the dollar and with the participation of 12 banks."

He pointed out that "the quantity sold in cash amounted to 21 million and 780 thousand dollars, and the quantity sold Khawwalat amounted to 47 million and 813 thousand dollars."

The statement said that "the Iraqi Central Bank to continue buying and selling dollars at 1166 dinars," adding that "the sale of remittances price 1187 JD / dollar, including the commission of the Central Bank of 21 dinars per dollar, with total cash sales price of $ 1190 JD / dollar, including the commission Bank Central of 24 dinars per dollar. "

It was noted a reduction in central bank sales index in the past few days, where no more than $ 200 million as in the past, and that 17 of the current month since with the exception of January 20, reaching sales of $ 224 million.

The reason for this decline and whether it is due to the popularity of the auction or not known yet reduce the amount of supply of the dollar.

This decline also may come to coincide with the passage of Iraq in financial distress and a lack of liquidity due to reduced imports because of falling world oil prices and the government's efforts in austerity to meet the shortfall in the budget of 2015's rate of 25 trillion dinars.

The statistical interview [where] about central bank sales of the dollar last year 2014 amounted to 49 billion, 579 million and 738 000 Dolar.

http://www.alliraqnews.com/2014-06-14-07-34-14/164811-2015-01-27-09-38-29.html