Foreign remittances rise.. Central Bank of Iraq sells more than $220 million in today’s auction

by times news cr

2024-01-25T10:32:59+00:00

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/ Foreign remittances increased in the Central Bank auction, today, Wednesday, by 95% at the expense of cash sales, reaching 209 million dollars.

Agency correspondent stated, “The Central Bank sold today during its auction for buying and selling the US dollar 220 million and 21 thousand and 732 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 a rate of 1310 dinars per dollar 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, 481 thousand and 732 dollars, an increase of 95%, over cash sales amounting to 10 million, 540 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars was 7 banks, while the number of banks that met requests to enhance balances abroad was 20 banks, while the total number of exchange and brokerage companies participating in the auction was 62 companies.

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