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The central bank’s dollar sales fell for the second day in a row
March 14, 2022
The central bank’s dollar sales fell for the second day in a row
March 14, 2022
The Central Bank recorded a nearly double increase in its cash sales (Facebook)
Ultra Iraq - Editorial Team
The Central Bank of Iraq’s foreign currency sales recorded a new decline on Monday, March 14, 2022, to more than $155 million.
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Foreign remittances amounted to more than $119 million, accounting for 77% of total sales
During its auction of buying and selling US dollars, the Central Bank witnessed a decrease in its sales of dollars to reach 155 million and 310 thousand and 880 dollars, a decrease of nearly 15%, or approximately 27 million from [You must be registered and logged in to see this link.] .
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Foreign remittances recorded a remarkable decrease of nearly 43 million dollars to more than 119 million, in the form of requests to enhance balances abroad, and they accounted for about 77% of total sales.
On the other hand, the Central Bank recorded an increase in its cash sales by nearly half, to about $36 million, and by more than 23% of the total sales.
And 21 banks fulfilled requests to enhance balances abroad, compared to 16 banks to meet cash requests, with the participation of 118 brokerage firms and 17 exchange companies.
The bank covered sales at the following prices:
- The selling price of the amounts transferred to bank accounts abroad is (1460) dinars per dollar.
- The cash sale price is (1460) dinars per dollar.
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