Within a week, $951 million in Central Bank sales left Iraq

by times news cr

2024-02-24T11:54:51+00:00

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/ The Central Bank of Iraq’s total sales of hard currency for the US dollar during the past week amounted to more than one billion dollars.

Agency correspondent said that the Central Bank sold during the past week and for the five days in which the auction was opened, one billion, 62 million, 587 thousand, and 198 dollars, at a daily rate of 212 million, 517 thousand, and 439 dollars, lower than what was recorded last week, which amounted to one billion, 87 million, 575 thousand, and 84 dollars.

The highest dollar sales were recorded last Thursday, reaching 217 million, 488 thousand and 77 dollars, while the lowest sales were recorded on Tuesday, reaching 207 million, 430 thousand and 98 dollars.

The agency’s correspondent indicated that foreign remittance sales during the past week amounted to 951 million, 667 thousand, and 189 dollars, an increase of 88% compared to cash sales, which amounted to 110 million, 920 thousand dollars.

He explained that the sales went in the form of cash and remittances abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,305 dinars per dollar, while the selling price of remittances abroad and the cash selling price amounted to 1,310 dinars per dollar.

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