External remittances increased by 90% in the Central Bank of Iraq auction

by times news cr

2023-11-09T11:46:03+00:00

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/ External remittances increased at the Central Bank’s auction, today, Thursday, by 90% at the expense of cash sales, to reach 214 million dollars.

Agency correspondent stated, “Today during its auction for buying and selling the US dollar, the Central Bank sold 235 million 569 thousand and 721 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 214 million 019 thousand and 721 dollars, an increase of 90%, compared to cash sales amounting to 21 million 550 thousand dollars.

Our correspondent indicated that the number of banks that purchased cash dollars reached 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 21 banks, while the total number of exchange and brokerage companies participating in the auction was 76 companies.

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