Central Bank sales decline of approximately $ 33 million at الاربعاءالاربعاء

2012-10-31



The Iraqi Central Bank sales were recorded in session Wednesday, significantly reduced by approximately $ 33 million to more than $ 130 million, compared to yesterday, which recorded a decline of approximately $ 163 million.

Tuesday's session saw a decline in sales to reach 130 million and 649 dollars, covered by the Bank's exchange rate basis total 1166 dinars to the dollar, compared to Tuesday's finish, with its 163 million and 50,000 dollars.

Quantities sold amounted to cash foreign exchange Bank auction six million and $ 825,000, with all other requests turned 123 million and 824 thousand dollars in foreign remittances, was fully covered by the Bank at 1179 dinars to the dollar, including 13 Bank Commission dinars per dollar, as banks did not make participation in the auction of 13 banks in any offers to sell the dollar.

The CBI was founded as an independent institution under the law of 6 March 2004, as an independent body and is responsible for maintaining price stability, monetary policy implementation, including exchange rate policies and management of foreign reserves and currency management, as well as regulation of the banking sector to promote a competitive and independent financial system.

The Iraqi Central Bank being daily sessions for buying and selling foreign currencies except holidays./3


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