Foreign remittances rise by 91% in Iraqi currency auction

by times news cr

2024-01-21T10:33:26+00:00

A-
A
A+

/ Foreign remittances increased in the Central Bank of Iraq auction, today, Thursday, by 91% at the expense of cash sales, reaching $193 million.

Agency correspondent reported that the Central Bank sold today during its auction for buying and selling the US dollar 209 million, 634 thousand and 304 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 external transfers in cash.

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 193 million and 4 thousand and 304 dollars, an increase of 91%, over cash sales amounting to 16 million and 630 thousand dollars.

You may also like

Leave a Comment