Dollar sales outside Iraq increased by 91%

by times news cr

2023-11-20T09:59:02+00:00

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/ External remittances increased by 91% at the Central Bank of Iraq auction, today, Monday, at the expense of cash sales, to reach 213 million dollars.

Agency correspondent stated that today, during its auction for buying and selling the US dollar, the Central Bank sold 233 million, 107 thousand and 562 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 remittances. Foreign affairs 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 213 million 517 thousand and 562 dollars, an increase of 91%, compared to cash sales amounting to 19 million and 590 thousand dollars.

Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 4 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 46 companies.

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