Decrease in foreign remittances at the Iraqi Bank auction

by times news cr

2024-01-15T11:31:56+00:00

A-
A
A+

/ External remittances decreased at the Central Bank of Iraq auction, on Monday, to reach $193 million, compared to yesterday, Sunday.

Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 206 million, 303 thousand and 771 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 foreign transfers, at the same time. Price 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 193 million 283 thousand and 771 dollars, an increase of 93%, compared to cash sales amounting to 13 million and 20 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars reached 4 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 37 companies.

You may also like

Leave a Comment