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External remittances to the dollar increased by 86% at the Central Bank of Iraq auction
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2023-10-11 04:54
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2023-10-11 04:54
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Shafaq News/ External remittances increased at the Central Bank’s auction, today, Wednesday, by 86% at the expense of cash sales, reaching $168 million.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 192 million 404 thousand and 115 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 remittances.” Foreign affairs at a price of 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 168 million, 904,115 dollars, an increase of 86%, compared to cash sales of 23 million, 500 thousand dollars.
Our correspondent pointed out that the number of banks that purchased cash dollars reached 10 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 86 companies.
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Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 192 million 404 thousand and 115 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 remittances.” Foreign affairs at a price of 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 168 million, 904,115 dollars, an increase of 86%, compared to cash sales of 23 million, 500 thousand dollars.
Our correspondent pointed out that the number of banks that purchased cash dollars reached 10 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 86 companies.
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