A significant increase in the rate of US dollar transfers outside Iraq

by times news cr

2023-12-28T10:52:37+00:00

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/ The percentage of external remittances in the daily currency auction of the Central Bank of Iraq, today, Thursday, increased by 90% at the expense of cash sales, reaching $189 million.

Agency correspondent stated that the Central Bank sold today during its auction for buying and selling the US dollar 210 million 430 thousand 551 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. And in a monetary way.

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 189 million 499 thousand and 551 dollars, an increase of 90%, compared to cash sales amounting to 20 million 931 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, while the total number of exchange and brokerage companies participating in the auction was 64 companies.

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