A lot of dollars were put on the market and their value fell

A lot of dollars were put on the market and their value fell
Thursday 18/8/2022


 The Central Bank of Iraq (CBI) on Wednesday recorded the highest sale of the US dollar in this year's currency auction.


 The Central Bank of Iraq (CBI) sold 292 million dollars at a currency auction on August 17, the highest level of daily sales of the dollar in the country This year.


 The exchange rate of the US dollar against the Iraqi Dinar was 148,000/100 US Dollars for 100 US Dollars in the Kurdistan Region of Iraq (KRG) today.


 According to a statement issued by the central bank, tomorrow Thursday 18/8/2022, only $ 240 million through public auction, while the previous month's maximum offer and sale of dollars in a single day was $ 275 million.


 For his part, Sherwan Anwar Mustafa, advisor to the Iraqi private banks in the Kurdistan Region, told BasNews: “The dollars that the central bank sells daily is a record number, for example, it has reached 292 million dollars daily has sold.


 Earlier, Iraqi MP Oday Awad said: "We have collected 100 signatures to lower the dollar against the Iraqi dinar.


 "In accordance with Article 61 of the Iraqi constitution and Article 56 of the internal system of parliament, we request the issue of depreciating the dollar to be presented in the next session of parliament," he said.


 According to the 2021 budget law, the central bank will issue 100 dollars at 146,000 dinars.



“The high dollar and the poor economic situation have a negative impact on the lives of citizens and the dollar must be reduced.








https://www.basnews.com/so/babat/769726