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Iraqi Central Auction: External remittances increased by 80% at the expense of cash sales
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2023-09-21 04:50
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Shafaq News/ External remittances increased at the Central Bank of Iraq auction, today, Thursday, by 80% at the expense of cash sales, to reach 167 million dollars.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 198 million, 623 thousand and 942 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 1,310 dinars per dollar in cash.
Our correspondent added; “Most of the bank’s dollar sales went to strengthening balances abroad in the form of (transfers, credits) which amounted to 165 million 197 thousand and 942 dollars, an increase of 80%, compared to cash sales amounting to 33 million and 425 thousand dollars.”
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, while the total number of exchange and brokerage companies participating in the auction was 79 companies.
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[You must be registered and logged in to see this image.]
2023-09-21 04:50
Share
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Shafaq News/ External remittances increased at the Central Bank of Iraq auction, today, Thursday, by 80% at the expense of cash sales, to reach 167 million dollars.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 198 million, 623 thousand and 942 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 1,310 dinars per dollar in cash.
Our correspondent added; “Most of the bank’s dollar sales went to strengthening balances abroad in the form of (transfers, credits) which amounted to 165 million 197 thousand and 942 dollars, an increase of 80%, compared to cash sales amounting to 33 million and 425 thousand dollars.”
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, while the total number of exchange and brokerage companies participating in the auction was 79 companies.
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