Foreign currency exchange drops, Iraq’ central bank says
Category: Economy
Date: 2021-06-30T12:41:00+0000
Shafaq News / the Central Bank of Iraq on Tuesday, announced a decrease in the foreign currency exchange.
Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 10.55 % decrease to 212,727,879 dollars which the bank covered at an exchange rate of 1460 dinars per dollar.
He added that the sales operations were in the form of wire transfer and credits (178,117,879 $) and cash money (34612000 dollars).
Last December, Iraq’s central bank increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to compensate for a decline in oil revenue due to low crude prices.
The central bank of Iraq said the key reason behind the dinar’s devaluation was to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.
related
CBI sells +200$ million in the currency auction on Thursday
Date: 2022-03-24 12:06:47
CBI sales in the currency auction inched up today
Date: 2021-09-21 10:43:50
CBI sales rose by 49% in the Foreign Currency Auction
Date: 2021-03-09 09:42:22
CBI sells +248$ million in forex on Tuesday
Date: 2022-06-21 11:38:35
CBI sells +215 million dollars in Tuesday's currency auction
Date: 2022-01-18 11:14:01
CBI foreign currency sales hike in April
Date: 2022-05-03 07:12:13
For the third day in a row, CBI sales in the currency auction continue to rise
Date: 2022-02-16 10:36:07
CBI sales in the foreign currency auction slip on Tuesday
Date: 2021-07-13 11:37:09
