View Full Version : Central sells $ 642 million in the auction this week

02-28-2010, 10:02 AM
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Central sells (http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.iraq4allnews.dk/econemy/4138---642-------.html&rurl=translate.google.com&usg=ALkJrhjDpZZ-QUKSuEqmmB3NmdZLwneG4A) $ 642 million in the auction this week (http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.iraq4allnews.dk/econemy/4138---642-------.html&rurl=translate.google.com&usg=ALkJrhjDpZZ-QUKSuEqmmB3NmdZLwneG4A)

Author WAI - Cairo Office

Sunday, February 28th, 2010 03:12
Sales from the Central Bank of the dollar down by 14% during the week to exceed $ 642 million, mostly in the form of remittances outside the country, a stable exchange rate was 1170 dinars per dollar.

The central bank sales of foreign currency during the week of $ 642 million and 851 thousand dollars, a low rate of 14% from last week's record 744 million and 306 thousand dollars, a stable exchange rate since mid-January last year had reached 1170 dinars to the dollar, through the held five meetings of the auction from Sunday to Thursday.

And divided the total sales on the cash demand was significantly reduced up to 42 million and 120 thousand dollars, compared to 71 million and 30 thousand dollars last week, the exchange rate was 1183 dinars per dollar commission inclusive of the Central Bank of $ 13 dinars to the dollar.

Foreign remittances also declined this week to reach 600 million and 731 thousand dollars, compared with 673 million and 276 thousand dollars last week, the exchange rate reached 1173 dinars to the dollar commission inclusive of the central bank's three dinars per dollar.

Owners, "says one banking offices in Baghdad that the U.S. dollar exchange rate stable in the local market on the price of 118 thousand dinars per cent against the dollar as the rate of purchase of the citizen Vicu The sale price more than a thousand dinars of the purchase price of any 119 thousand dinars per hundred dollars.

He said there were high expectations of the exchange rate slightly during the election period because of the holiday that will last for several days as a result of not holding the central bank to its being an official holiday.