External remittances increased by 90% in the Iraqi Bank auction

2023-11-21T11:22:46+00:00

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/ External remittances increased at the Central Bank’s auction, today, Tuesday, by 90% at the expense of cash sales, to reach $210 million.

Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 231 million 619 thousand and 160 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 remittances.” Foreign affairs at a price of 1310 dinars per dollar in cash.

Our correspondent added that most of the bank’s dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 210 million, 629,160 dollars, an increase of 90%, compared to cash sales of 20 million, 990 thousand dollars.

Our correspondent pointed out that the number of banks that purchased cash dollars reached 10 banks, while the number of banks that responded to requests to enhance balances abroad reached 14 banks, while the total number of exchange and brokerage companies participating in the auction was 132 companies.

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