International remittances rise in Iraqi Central Financial institution public sale

by times news cr

2024-02-29T10:13:39+00:00

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/ International remittances elevated by 79% within the forex public sale of the Central Financial institution of Iraq at present, Thursday, on the expense of money gross sales.

Company correspondent reported that the Central Financial institution bought at present throughout its public sale for getting and promoting the US greenback 212 million, 564 thousand and 732 {dollars}, which the financial institution coated at a fundamental trade price of 1305 dinars per greenback for documentary credit and worldwide settlements for digital playing cards and at a price of 1310 dinars per greenback for international transfers, and on the identical value in money.

Our correspondent added that a lot of the financial institution’s greenback gross sales went to spice up balances overseas within the type of (transfers, credit), which amounted to 175 million, 274 thousand, and 723 {dollars}, a rise of 79%, over money gross sales amounting to 37 million, 290 thousand {dollars}.

Our correspondent identified that the variety of banks that bought money {dollars} was 5 banks, whereas the variety of banks that met requests to boost balances overseas was 18 banks, whereas the whole variety of trade and brokerage firms taking part within the public sale was 53 firms.

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