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Tag: CBI Auction

Many Companies Participating in CBI Auction With Forged Papers

Many Companies Participating in CBI Auction With Forged Papers

Iraqi Dinar 123 News:– The Iraqi Central Bank is considering that a number of participants in the foreign currency auction at the Iraqi Central Bank were submitted false statements and the secondary currency auction was taking place in the building of those companies. The Iraqi Central Bank is working hard to make sure that companies should provide original papers with full account details of purchase to the Central Bank and all the provided information should be correct and this information…

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CBI Weekly Auction Opens and Sold More Than 241 Million Dollars

CBI Weekly Auction Opens and Sold More Than 241 Million Dollars

Iraqi Dinar 123 News:– On Sunday, the Iraqi Central Bank again started its daily foreign currency auction and sold more than 241 million U.S dollars in this auction. The Central Bank of Iraq issued a statement that the sold amount size was 241 million 85 thousand and 140 dollars on Sunday, with the selling price at 1166 Iraqi dinars exchange rate against one U.S dollar. This daily auction was took place with the participation of 22 banks and six other…

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CBI Announced Date for Auction Sales of Foreign Currency

CBI Announced Date for Auction Sales of Foreign Currency

The Iraqi Central Bank issued a press statement that Central Bank would start next live auction sales of foreign currency on 4th August 2015. According to our authentic source from the Central Bank said that next session for the auction sales of foreign currencies will take place in the first quarter of the next month according to defined plan by the Central Bank. Source further added that we are expecting that maximum companies will participate including some government agencies will…

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Iraqi Government Not to Interfere in the Work of CBI: Saleh

Iraqi Government Not to Interfere in the Work of CBI: Saleh

The Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a statement that the Iraqi Central Bank has taken a number of steps to stabilize the Iraqi dinar exchange rate and to maintain the hard cash reserves with positive steps and it is called as non-interference in the work of the Iraqi Central Bank and to maintain the independency of CBI. Muhammad Saleh further said in his press statement that the Article 50 of the Iraqi budget law 2015…

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CBI Cancelled its 8% Tax and Customs on Buying U.S Dollars: Central Bank of Iraq

CBI Cancelled its 8% Tax and Customs on Buying U.S Dollars: Central Bank of Iraq

On Saturday, the Iraqi Central Bank has announced that the monetary policy of the CBI would not be able to maintain and stabilize the exchange rate of the U.S dollar against the Iraqi dinar. At the other hand, government of Iraq stressed to control the border and manage the track of money that moves out from the country and to manage the combine moves against financial and economic crimes. The Board member of Iraqi Central Bank, Majid further said in…

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Foreign Currencies Auction at CBI on Saturday 6-27-15

Foreign Currencies Auction at CBI on Saturday 6-27-15

On Saturday, a statement issued by CBI that the Iraqi Central Bank opened window for daily buying and selling of foreign currencies and it reached at 282 million U.S dollars in the daily auction by the Central Bank of Iraq. The statement further said that 22 banks participated in this auction and 3 funds transfer companies also involved in this auction. The Central Bank sold Iraqi dinar at the official rate of 1166 Iraqi dinars per U.S dollar. Total amount…

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Today CBI Sold $ 258 million in Daily Auction of Foreign Currencies

Today CBI Sold $ 258 million in Daily Auction of Foreign Currencies

On Tuesday; the Sales of Iraqi Central Bank in the daily auction for foreign currencies have been reached at 258 million U.S dollars, which is against the financial budget law 2015. The 2015 budget law restricted the Iraqi Central Bank not to exceed the maximum limit of 75 million U.S dollar in its daily auction. The Central Bank of Iraq is trying to deal with flood of the U.S dollars which reached more than 1400 Iraqi dinars per U.S dollars….

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Iraqi Cash Reserves Approaching at $ 80 Billion: Finance Committee

Iraqi Cash Reserves Approaching at $ 80 Billion: Finance Committee

The Iraqi Finance Committee refused that Iraqi government used the hard cash reserves to manage the budget deficit problems. It is also said that total cash reserves are 80 billion U.S dollars, in which 69 billion U.S dollars cash reserves and 10 trillion Iraqi dinars. The Finance Committee further said that we are surprised to see the sale of hard cash which is exceeding the predefined limit in the Iraqi budget 2015. It is said that maximum limit for daily…

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