Tuesday Morning Iraq Central Bank News Highlights 12-20-22
Tuesday Morning Iraq Central Bank News Highlights 12-20-22
The Central Bank Launches A Package Of Measures To Control The Exchange Rate Of The Dollar
2022-12-19 10:14 Shafaq News/ The Central Bank of Iraq launched, on Monday, a package of measures to improve the performance of dollar-related transactions, weeks after the rise in the exchange rate of the dollar against the Iraqi dinar.
In a statement received by Shafaq News agency, the bank said, "These measures would restore the foreign currency market to its normal state."
And the bank decided, “To allow the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.”
The bank also decided, "Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the UAE dirham, the Jordanian dinar, and others)."
And the bank announced, “Opening outlets for selling foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)
The statement referred to "reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455). ) dinars to the dollar instead of (1460) dinars to the dollar. LINK
Absolutely A Package Of Measures.. The Iraqi Central Bank Sets A Condition For Reducing The Selling Price Of The Dollar
The Central Bank launches a package of measures to control the exchange rate of the dollar
Calendar 12/19/2022 Baghdad / resource news Today, Monday, the Central Bank of Iraq announced the launch of a package of measures to improve the performance of transactions related to the dollar, while setting a condition for reducing the selling price of the dollar.
The Iraqi Central Bank stated, in a statement, that "a package of measures has been launched to improve the performance of dollar-related transactions."
He added, "The banks participating in the window for buying and selling foreign currency were allowed to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes," noting that "financing private sector trade was facilitated through Iraqi banks and meeting the request for external transfers by strengthening Bank balances with their correspondents in other currencies.
And he continued, "Outlets have been opened to sell foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.) Travel or pay his purchases via the Internet to be at the price of (1465) dinars to the dollar instead of (1470) dinars to the dollar.
In Detail.. 4 Measures From The Central Bank To Counter The Rise In The Dollar Exchange Rate
Money and business Economy News – Baghdad The Central Bank launched a package of measures to improve the performance of dollar-related transactions.
According to the bank's media office, the Central Bank of Iraq announced, on Monday, "a package of decisions that would restore the foreign currency market to its normal state, as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
2- Facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)
4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at (1465) dinars to the dollar instead of (1470) dinars to the dollar. As the dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar.
Views 543 Added 12/19/2022 - 6:45 PM Updated 12/20/2022 - 2:03 PM
https://economy-news.net/content.php?id=31417
Currency Auction Sale.. Central Bank Sales Decreased To 104 Million Dollars
2022-12-20 03:48 Shafaq News/ The Central Bank's dollar sales decreased, on Tuesday, to 100 million dollars in today's auction, with the participation of 28 banks.
Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 104 million 272 thousand and 839 dollars, which is less than yesterday, Monday, in which sales amounted to 135 million and 226 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.
Our correspondent added that the sales went part of them to enhance the balances abroad (remittances, credits) and by 57 million and 762 thousand and 839 dollars, while the other went in the form of cash sales amounting to 46 million and 510 thousand dollars.
Our correspondent indicated that the number of banks that bought the cash dollar amounted to 16, while the number of banks that responded to requests for strengthening balances abroad reached 12, while the total number of exchange and mediation companies participating in the auction was 212 companies. LINK
Al-Sudani Announces The Increase In The Reserves Of The Central Bank To 96 Billion Dollars
Political | 10:46 - 12/19/2022 Baghdad - Mawazine News , Prime Minister Muhammad Shia Al-Sudani announced, on Monday, that the reserves of the Central Bank of Iraq had increased to 96 billion dollars.
Al-Sudani said in a press conference held after the cabinet session, which was attended by Mawazine News, that "the financial situation of Iraq today is at its best. The central bank's reserves have reached the level of $96 billion, and this is what enables the central bank to achieve stability in the exchange rate."
He added, "Our vision is clear to invest in the current good financial situation to build a solid economic base and reduce total dependence on oil, and there is more than one program, policy and procedures for the government in the field of revitalizing and reforming the private sector from banks to be a strong supportive base for investment." https://www.mawazin.net/Details.aspx?jimare=214609
Among Them Is The Reduction Of A Category.. The Iraqi Central Bank Issues Decisions To Restore The Price Of The Dollar To Its Normal Position
Economie| 06:38 - 12/19/2022 Baghdad - Mawazine News The Central Bank of Iraq announced, on Monday, a package of decisions that would restore the foreign currency market to its normal state.
In a statement, Mawazine News received a copy of it, the Central Bank stated, “The decisions are as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and interest is paid on those balances.” Returns according to what this bank decides
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)
4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars per dollar instead of (1460) dinars per dollar.”
https://www.mawazin.net/Details.aspx?jimare=214582
The Central Bank Issues 4 Decisions To Control The Dollar
12-19-2022 | 10:41 13,210 views The Central Bank emphasized, “Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price ( 1455) dinars to the dollar instead of (1460) dinars to the dollar. LINK