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By "95%"... an increase in foreign remittances in the Iraqi currency auction
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2024-03-07 05:10
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Shafaq News/ External remittances increased in the currency auction of the Central Bank of Iraq, today, Thursday, by 95% 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, 205 million and 457 thousand and 750 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. And at the same price in cash.
Our correspondent added that most of the bank's dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 195 million 297 thousand and 750 dollars, an increase of 95%, compared to cash sales amounting to 9 million 860 thousand dollars.
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, while the total number of exchange and brokerage companies participating in the auction was 61 companies.
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2024-03-07 05:10
Share
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Shafaq News/ External remittances increased in the currency auction of the Central Bank of Iraq, today, Thursday, by 95% 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, 205 million and 457 thousand and 750 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. And at the same price in cash.
Our correspondent added that most of the bank's dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 195 million 297 thousand and 750 dollars, an increase of 95%, compared to cash sales amounting to 9 million 860 thousand dollars.
Our correspondent indicated that the number of banks that purchased the cash dollar amounted to 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, while the total number of exchange and brokerage companies participating in the auction was 61 companies.
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