The Iraqi Central Bank sells $238 million abroad within one day

by times news cr

2024-04-08T11:11:30+00:00

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/ The Central Bank of Iraq’s sales increased on Monday, reaching more than 278 million dollars compared to yesterday, Sunday.

Agency correspondent stated that the Central Bank sold today during its auction for buying and selling the US dollar 278 million 525 thousand and 332 dollars, which the bank covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers. At a price of 1310 dinars per dollar in cash.

The agency’s correspondent added that most of the bank’s dollar sales went to strengthen balances abroad in the form of (transfers, credits) and amounted to 238 million 120 thousand and 332 dollars, an increase of 96% over cash sales amounting to 6 million and 710 thousand dollars.

He pointed out that the number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 13 banks, while the total number of exchange and brokerage companies participating in the auction was 202 companies.

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