2024-02-12T10:59:04+00:00
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/ Foreign remittances in the Central Bank of Iraq auction increased on Monday by 98% over cash sales to reach 209 million.
Agency correspondent reported that the Central Bank sold today during its auction for buying and selling the US dollar 213 million, 604 thousand and 104 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 at the same price in cash.
Our correspondent added that most of the bank’s dollar sales went to boost balances abroad in the form of (transfers, credits) which amounted to 209 million and 194 thousand and 104 dollars, an increase of 98%, over cash sales amounting to 4 million and 410 thousand dollars.
Our correspondent pointed out that the number of banks that purchased cash dollars was 2 banks, while the number of banks that met requests to enhance balances abroad was 13 banks, while the total number of exchange and brokerage companies participating in the auction was 28 companies.