Central to sell 501 million dollars during the week and cut interest rates one point

9/1/2009 - 21:59

Baghdad / Voices of Iraq: The
volume of total demand for the dollar in the meetings of the Central
Bank of Iraq this week, to 501 million and 945 thousand dollars, while
cutting the central exchange rate of the Iraqi dinar against the
dollar, one point to settle, at 1171 dinars per dollar.


The total amount of sales of the dollar during the
meetings last week, has reached 380 million and 705 thousand dollars in
the exchange rate had stabilized at 1172 dinars per dollar.


The weekend auction was held only two out of five held every week on
Sunday because of compatibility (1-4) with the closure of the final
accounts, and stopped the auction on Tuesday and Wednesday for its
compatibility with the Army Day holidays and the tenth of Muharram.




The total volume of total demand in the
auction this week, the central 501 million and 945 thousand dollars, a
decline in the exchange rate basis, compared to 1171 dinars per dollar,
the cash distributed to the total demand, which stood at 169 million
and 885 thousand dollars at the exchange rate at 1177 dinars per
dollar, It includes the commission of the Central Bank's six dinars per
dollar.




While foreign remittance volume
to the request amounted to 332 million and 60 thousand dollars, and the
exchange rate at 1174 dinars per dollar, inclusive of the commission of
the Central Bank amounting to three dinars per dollar.




The average daily demand during the two sessions this week, which is
the first meeting of 2009 amounted to support of the request 250
million and 972 thousand dollars.




The central bank adviser said the appearance of Mohammed Saleh, said
that this week "has the only two out of five sessions, as agreed on
Tuesday with the army and the holidays of Eid al-tenth of Muharram,
with sales during the stop on Sunday for measures to close the final
accounts," he told Voices of Iraq (VOI) "The rate of applications,
ranging from 120 to 150 million dollars for each meeting, but said the
cause of the high rate during the meetings is the backlog of
applications because of the many holidays this week."


Did not witness this week vary
considerably in the volume of applications to buy the dollar in two
auctions, it was recorded on Monday, meeting peak demand during the
meeting, one worth 263 million and 140 thousand dollars, there was less
the size of Thursday's meeting at the request of 238 million and 805
thousand dollars.




None of the meetings this week of the auction bids for the sale of the dollar by the banks to contribute to the auction.




The central bank held an auction of
five weekly meetings, starting from Sunday to Thursday, for the sale
and purchase of foreign currencies, and receive a commission on the
sale of six cash dinars per dollar, and receive a commission of three
dinars per dollar on the sale of remittances outside the country.


D (the time) D - t m

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