Foreign remittances in Iraqi currency auction drop to $183 million

by times news cr

2024-02-05T10:59:39+00:00

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/ Foreign remittances decreased in the Central Bank of Iraq auction, today, Monday, to reach 183 million dollars compared to yesterday, Sunday.

Agency correspondent reported that the Central Bank sold today during its auction for buying and selling the US dollar 207 million, 100 thousand and 189 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers and for cash sales.

Our correspondent added that most of the bank’s dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 183 million, 681 thousand, and 859 dollars, an increase of 87%, over cash sales amounting to 23 million, 418 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars was 3 banks, while the number of banks that met requests to enhance balances abroad was 16 banks, while the total number of exchange and brokerage companies participating in the auction was 35 companies.

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