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A significant increase in the Central Bank of Iraq’s dollar sales of foreign remittances by 85%

Rocky

Rocky: Admin Assist; Posts : 280892
Join date : 2012-12-21

Post n°1

A significant increase in the Central Bank of Iraq’s dollar sales of foreign remittances by 85%

by Rocky Mon 11 Apr 2022, 5:27 am

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A significant increase in the Central Bank of Iraq’s dollar sales of foreign remittances by 85%

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2022-04-11 05:25

Shafaq News/ The Central Bank of Iraq's sales of dollars for foreign remittances increased by more than 85% in Monday's auction at the expense of cash sales.

Shafak News Agency correspondent stated, "The sales of the Central Bank during its auction, today, for buying and selling US dollars, amounted to 187 million and 73 thousand and 462 dollars, which was covered by the bank at a base exchange rate of 1460 dinars per dollar.

And our correspondent added, "More than 85% of these sales went to enhance balances abroad in the form of remittances and credits, which amounted to 162 million and 123 thousand and 462 dollars, compared to cash sales, which amounted to 24 million and 950 thousand dollars."

Our correspondent pointed out that "28 banks have met requests to enhance balances abroad, while 13 banks participated to meet cash requests, in addition to 121 mediation companies."
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A significant increase in the Central Bank of Iraq’s dollar sales of foreign remittances by 85%

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A significant increase in the Central Bank of Iraq’s dollar sales of foreign remittances by 85%

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