Foreign remittances rise in Iraqi Central Bank auction

by times news cr

2024-02-13T11:26:42+00:00

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/ Foreign remittances increased in the Central Bank auction, today, Tuesday, to reach 219 million dollars compared to yesterday, Monday.

Agency correspondent stated, “The Central Bank sold today during its auction for buying and selling the US dollar 241 million, 810 thousand, and 397 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards and at a rate of 1310 dinars per dollar for foreign transfers and at a rate of 1310 dinars per dollar in cash.

Our correspondent added that most of the bank’s dollar sales went to boost balances abroad in the form of (transfers and credits) which amounted to 219 million, 830 thousand, and 397 dollars, an increase of 90% over cash sales amounting to 21 million, 980 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars was 6 banks, while the number of banks that met requests to enhance balances abroad was 18 banks, while the total number of exchange and brokerage companies participating in the auction was 104 companies.

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