Report

rss

Iraq News

Kurdistan

Economy

World

All News

Foreign currency exchange drops, Iraq’ central bank says

Category: Economy

Date: 2021-05-05T10:48:50+0000
Foreign currency exchange drops, Iraq’ central bank says

Shafaq News / the Central Bank of Iraq on Wednesday, announced decrease in the foreign currency exchange.

Shafaq News Agency correspondent said that the foreign currency auction of the Central Bank of Iraq recorded a 4.57% decrease to 167,300,000 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 (139,900,000 $) and credits (27,400,000$).

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 foreign currency sales hike in April

Date: 2022-05-03 07:12:13
CBI foreign currency sales hike in April

CBI sales in the currency auction decline today

Date: 2021-08-16 10:56:06
CBI sales in the currency auction decline today

CBI sales inched up on Wednesday

Date: 2022-01-05 10:40:09
CBI sales inched up on Wednesday

CBI sales in the currency auction drop today

Date: 2022-02-23 10:49:21
CBI sales in the currency auction drop today

CBI sales in the currency auction continue to decline

Date: 2021-05-04 10:54:41
CBI sales in the currency auction continue to decline

CBI sales drop on Wednesday

Date: 2022-01-26 10:50:51
CBI sales drop on Wednesday

CBI sells +190$ million in the currency auction today

Date: 2022-03-15 10:53:18
CBI sells +190$ million in the currency auction today

CBI to finance purchasing renewable energy generation units

Date: 2021-10-27 13:10:59
CBI to finance purchasing renewable energy generation units