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High foreign remittances at the Central Bank of Iraq auction
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2024-02-29 04:13
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Shafaq News/ External remittances increased in the currency auction of the Central Bank of Iraq, today, Thursday, by 79% at the expense of cash sales.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 212 million 564 thousand and 732 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 the same price in cash.
Our correspondent added that most of the bank's dollar sales went to strengthening balances abroad in the form of (transfers, credits), which amounted to 175 million 274 thousand and 723 dollars, an increase of 79%, compared to cash sales amounting to 37 million 290 thousand dollars.
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 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 53 companies.
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2024-02-29 04:13
Share
Font
Shafaq News/ External remittances increased in the currency auction of the Central Bank of Iraq, today, Thursday, by 79% at the expense of cash sales.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 212 million 564 thousand and 732 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 the same price in cash.
Our correspondent added that most of the bank's dollar sales went to strengthening balances abroad in the form of (transfers, credits), which amounted to 175 million 274 thousand and 723 dollars, an increase of 79%, compared to cash sales amounting to 37 million 290 thousand dollars.
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 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 53 companies.
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