External remittances increased by 87% in the Central Bank of Iraq auction

by times news cr

2024-01-10T11:56:35+00:00

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/ External remittances increased by 87% at the Central Bank’s auction today, Wednesday, at the expense of cash sales, to reach $188 million.

Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 212 million 932 thousand 948 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers.” At a price of 1310 dinars per dollar in cash.

Our correspondent added that most of the bank’s dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 188 million 602 thousand and 948 dollars, an increase of 87%, compared to cash sales amounting to 24 million and 330 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars reached 9 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, while the total number of exchange and brokerage companies participating in the auction was 130 companies.

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