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The Central Bank of Iraq's foreign sales rise by 81%
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2023-10-30 05:07
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Shafaq News/ External remittances increased at the Central Bank’s auction, today, Monday, by 81% at the expense of cash sales, to reach $171 million.
Shafaq News Agency correspondent said, “Today, during its auction for buying and selling the US dollar, the Central Bank sold 203 million, 802 thousand and 572 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 foreign transfers and at 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 171 million 142 thousand and 572 dollars, an increase of 81%, compared to cash sales amounting to 32 million and 660 thousand dollars.
Our correspondent pointed out that the number of banks that bought cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks, while the total number of exchange and brokerage companies participating in the auction was 62 companies.
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[You must be registered and logged in to see this image.]
2023-10-30 05:07
Share
Font
Shafaq News/ External remittances increased at the Central Bank’s auction, today, Monday, by 81% at the expense of cash sales, to reach $171 million.
Shafaq News Agency correspondent said, “Today, during its auction for buying and selling the US dollar, the Central Bank sold 203 million, 802 thousand and 572 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 foreign transfers and at 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 171 million 142 thousand and 572 dollars, an increase of 81%, compared to cash sales amounting to 32 million and 660 thousand dollars.
Our correspondent pointed out that the number of banks that bought cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks, while the total number of exchange and brokerage companies participating in the auction was 62 companies.
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