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Sold 18 million dollars in cash... Foreign remittances increased by 90% in the Iraqi Central Bank auction
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2023-10-22 03:54
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Shafaq News/ External remittances increased at the Central Bank’s auction on Sunday, by 90% at the expense of cash sales, to reach $179 million.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 197 million 763 thousand and 446 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 179 million, 373 thousand and 446 dollars, an increase of 90%, compared to cash sales of 18 million and 390 thousand dollars.”
Our correspondent indicated that the number of banks that bought cash dollars reached 5 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 51 companies.
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[You must be registered and logged in to see this image.]
2023-10-22 03:54
Share
Font
Shafaq News/ External remittances increased at the Central Bank’s auction on Sunday, by 90% at the expense of cash sales, to reach $179 million.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 197 million 763 thousand and 446 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 179 million, 373 thousand and 446 dollars, an increase of 90%, compared to cash sales of 18 million and 390 thousand dollars.”
Our correspondent indicated that the number of banks that bought cash dollars reached 5 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 51 companies.
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