2023-11-16T11:14:02+00:00
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/ External remittances increased by 95% at the Central Bank of Iraq auction today, Thursday, 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 221 million, 425 thousand and 343 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 1,310 dinars per dollar in cash.
Our correspondent added, “Most of the bank’s dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 210 million 775 thousand and 343 dollars, an increase of 95% over cash sales amounting to 10 million 650 thousand dollars.”
Our correspondent indicated that the number of banks that bought the cash dollar reached 7 banks, while the number of banks that responded to requests to enhance balances abroad reached 21 banks, while the total number of exchange and brokerage companies participating in the auction was 81 companies.