Foreign remittances decline in the Central Bank of Iraq auction

by times news cr

2024-01-16T10:23:13+00:00

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/ Foreign remittances decreased in the Central Bank auction today, Tuesday, to reach 181 million dollars compared to yesterday, Monday.

Agency correspondent stated, “Today, the Central Bank sold during its auction for buying and selling the US dollar 208 million and 207 thousand 203 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, “Most of the bank’s dollar sales went to boost balances abroad in the form of (transfers, credits) which amounted to 181 million, 207 thousand, and 203 dollars, an increase of 85% over cash sales amounting to 27 million, 100 thousand dollars.”

Our correspondent pointed out that the number of banks that purchased cash dollars was 8 banks, while the number of banks that met requests to enhance balances abroad was 13 banks, while the total number of exchange and brokerage companies participating in the auction was 151 companies.

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