Declining interest of banks realized from the differences in selling the Central Bank of Iraq from the dollar

economybreakingcentral bankbankssalesdifferencesmarket price

 2022-08-19 07:27A-AA+

Shafaq News/ The “Iraq Future” Foundation for economic affairs indicated on Friday, a decline in the benefits of banks realized from the differences in the selling price of the dollar between the window of the Central Bank of Iraq and the market price during the first seven months of 2022.

The head of the foundation, Manar Al-Obaidi, said in a report published today, that the sales of the Central Bank window during the same period amounted to 28.4 billion dollars, indicating that the differences between the window price and the market price amounted to 536 million dollars, or 1.88%.

According to the report, the sales of the Central Bank of Iraq in 2016 and during the first seven months amounted to 17.9 billion dollars, noting that the differences achieved for the banks participating in the currency sale auction amounted to 1.1 billion, or 6.24%.

The report also noted that the Central Bank’s sales during the first seven months of 2013 amounted to $29.3 billion, and the difference achieved for the banks participating in the currency sale and purchase auction reached 1.78, at a rate of 6%.

The institution published a detailed table on the percentage of differences between the price of the dollar in the central bank window, and the market price for the first seven months of the years 2013, 2016 and 2022.

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