2024-01-31T11:35:19+00:00
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/ Foreign remittances in the Central Bank of Iraq auction increased by 94% on Wednesday, at the expense of cash sales, reaching $198 million.
Agency correspondent reported that the Central Bank sold today during its auction for buying and selling the US dollar 209 million, 540 thousand and 27 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 and credits, which amounted to $198,270,027, an increase of 94% over cash sales of $11,270,000.
He pointed out that the number of banks that purchased cash dollars was 6 banks, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange and brokerage companies participating in the auction was 38 companies.