The Central Bank of Iraq transferred more than $3.5 billion abroad in January

by times news cr

The Central Bank of Iraq’s sales ⁤from the hard⁤ currency auction of the US dollar during the month of January amounted to ⁤more than 4 billion dollars.

An agency ​correspondent reported, “During January, ‌the Central Bank sold 4 billion, 95 ⁢million, ⁢583 thousand, and 404 dollars during the days it opened⁣ its auction for buying and​ selling the US dollar, ‌at a daily rate of 215 million, 557 ‍thousand, ‌and 21 dollars.”

Our correspondent added,‍ “Sales of foreign⁣ remittances during the past month amounted to 3 billion, 585 million, 641 thousand, and 446 dollars, an increase of 91% compared to cash sales, which amounted to 331 million, 888 thousand dollars.”

Our correspondent​ indicated that these sales ​were distributed between ⁤transfers abroad to finance foreign trade,‍ and cash sales to‌ banks, while‌ the selling price⁤ of⁢ documentary credits and international settlements‍ for electronic cards reached 1305 dinars per⁤ dollar, while the selling price of transfers abroad and‌ the cash selling price reached 1310 dinars per dollar.

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