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External remittances increased by 93% in the Iraqi Central Auction
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2023-11-15 05:31
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Shafaq News/ External remittances at the Central Bank of Iraq auction, on Wednesday, increased by 93% at the expense of cash sales, reaching $210 million.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 225 million 962 thousand and 123 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 a price 1310 dinars per dollar in cash.
Our correspondent added that most of the bank's dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 210 million and 252 thousand and 123 dollars, an increase of 93% over cash sales of 15 million and 710 thousand dollars.
He pointed out that the number of banks that purchased cash dollars reached 7 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, and the total number of exchange and brokerage companies participating in the auction was 87 companies.
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[You must be registered and logged in to see this image.]
2023-11-15 05:31
Share
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Shafaq News/ External remittances at the Central Bank of Iraq auction, on Wednesday, increased by 93% at the expense of cash sales, reaching $210 million.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 225 million 962 thousand and 123 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 a price 1310 dinars per dollar in cash.
Our correspondent added that most of the bank's dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 210 million and 252 thousand and 123 dollars, an increase of 93% over cash sales of 15 million and 710 thousand dollars.
He pointed out that the number of banks that purchased cash dollars reached 7 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, and the total number of exchange and brokerage companies participating in the auction was 87 companies.
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