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External remittances increased by 90% in the Central Bank of Iraq auction
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2023-11-26 04:50
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2023-11-26 04:50
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Shafaq News/ External remittances increased at the Central Bank’s auction, today, Sunday, by 90% at the expense of cash sales, to reach $220 million.
Shafaq News Agency correspondent said, “Today, during its auction for buying and selling the US dollar, the Central Bank sold 242 million and 500 thousand 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 foreign transfers and at 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 (transfers, credits), which amounted to 220 million, an increase of 90%, compared to cash sales amounting to 22 million and 500 thousand dollars.
Our correspondent indicated that the number of banks that bought cash dollars reached 5 banks, while the number of banks that responded to requests to enhance balances abroad reached 3 banks, while the total number of exchange and brokerage companies participating in the auction was 48 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 242 million and 500 thousand 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 foreign transfers and at 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 (transfers, credits), which amounted to 220 million, an increase of 90%, compared to cash sales amounting to 22 million and 500 thousand dollars.
Our correspondent indicated that the number of banks that bought cash dollars reached 5 banks, while the number of banks that responded to requests to enhance balances abroad reached 3 banks, while the total number of exchange and brokerage companies participating in the auction was 48 companies
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