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EPISODE · Mar 11, 2025 · 34 MIN

Mechanism for publishing data on buying and selling foreign currencies

from My FX Buddies · host Tish Washington

Mechanism for publishing data on buying and selling foreign currencieslink to My FX Buddies BlogIf you 'd like to support My FX Buddies: ⁠https://buymeacoffee.com/tishwash⁠The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:- Total enhancement of bank balances abroad.- Settlements of electronic payments abroad.- Cash sales.The bank confirms that this decision came in conjunction with the transition from the electronic platform mechanisms to the mechanisms for enhancing the balances of authorized Iraqi banks with correspondent banks, and that the process of enhancing banks does not reflect the daily sales of bank customers until the operations are actually realized. It draws attention to the Central Bank of Iraq's possession of sufficient foreign reserves to meet all official requests for foreign currency, which enhances confidence in the national currency.

Episode metadata supplied by the publisher feed · Published Mar 11, 2025

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