Document .. The Central Bank of Iraq takes a step that may contribute to the decrease in the price of the dollar

economyU.S. dollarbreakingCentral Bank of Iraq 2021-06-10 05:54A-AA+

Shafaq News/ The Central Bank of Iraq announced, on Thursday, an increase in the amount of cash sales from foreign currency to banks and exchange companies, according to the classified categories.

The bank said in a statement received by Shafaq News Agency that it decided to increase the amount of cash sales from foreign currency to banks and exchange companies and meet them in full, indicating that the purpose of this is to meet requests from foreign currency and achieve monetary policy goals.

He added that the bank’s share will be 300 thousand dollars per week, the A-class exchange company will be 2 million and 200 thousand dollars per week, and the B-class will be 750 thousand dollars per week and the C-class companies will be 70 thousand dollars per month.

The bank asked banks and exchange companies to submit their requests starting from Sunday, June 13, 2021.

In this regard, bankers expected a decline in dollar prices after the bank increased its sales to banks and exchange company owners.

During the past days, the exchange rate of the dollar against the Iraqi dinar exceeded the threshold of 150 thousand.

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