Central Bank sales fell to the lack of demand for the dollar and no recent Bank tensions

Central Bank sales fell to the lack of demand for the dollar and no recent Bank tensions

2012-10-31 14:44:33

BAGHDAD (Iba) .. Refer adviser to the North Bank for Finance and Investment wholesome Elias Abou, central bank sales fell at an auction sale at its recent currency to the lack of demand for the dollar and increase supply, stressing: that tensions central bank is not prompted a decline in sales.

Abbou said told the independent press (Iba): The Central Bank of committed weekly Bgelsath to sell the dollar and will not be affected by recent tensions and arrest warrants for the bank's employees, noting: the decline in sales to the lack of demand for the dollar by the participants in the auction currency.

The Abbou: Mechanical market of supply and demand have nothing to do with the issue of arrest of staff of the Central Bank was not affected by it, noting: that most of conflicting have reservations to buy the dollar for fear of the dollar's decline against the dinar so as not to be subjected to great loss.

He Abbou: the exchange rate of the Iraqi dinar is stable and will not be affected by the Central Bank of tensions both dollar sales dropped or not and will continue its stability.

This saw the CBI decline in sales of the dollar stood at 163 050 000 dollars in the auction on the sale and purchase of foreign currency at an exchange rate basis was 1166 dinars per dollar, compared to 189 096 000 dollars had been recorded at the end of its last week at the last meeting before the Eid al-Adha holiday.

It is noteworthy that the 18 banks participating in the auction today did not make any offers to buy the dollar. (End)

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