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Foreign remittances increased by 86% in the Iraqi currency auction
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2023-11-08 04:52
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Shafaq News/ External remittances increased at the Central Bank of Iraq auction, today, Wednesday, by 86% at the expense of cash sales, reaching $197 million.
Shafaq News Agency correspondent stated that the Central Bank sold today during its auction for buying and selling the US dollar 225 million 801 thousand and 357 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 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 197 million 651 thousand and 357 dollars, an increase of 86%, compared to cash sales amounting to 28 million 150 thousand dollars.
Our correspondent pointed out that the number of banks that purchased cash dollars reached 8 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 97 companies.
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[You must be registered and logged in to see this image.]
2023-11-08 04:52
Share
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Shafaq News/ External remittances increased at the Central Bank of Iraq auction, today, Wednesday, by 86% at the expense of cash sales, reaching $197 million.
Shafaq News Agency correspondent stated that the Central Bank sold today during its auction for buying and selling the US dollar 225 million 801 thousand and 357 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 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 197 million 651 thousand and 357 dollars, an increase of 86%, compared to cash sales amounting to 28 million 150 thousand dollars.
Our correspondent pointed out that the number of banks that purchased cash dollars reached 8 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 97 companies.
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