Increase in currency auction transfers from the dollar outside Iraq
[You must be registered and logged in to see this image.]
External remittances increased at the Central Bank of Iraq auction, yesterday, Monday, by 86 percent at the expense of cash sales, to reach $199 million. During its auction for buying and selling US dollars, the Central Bank sold 227 million 447 thousand and 755 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 1,310 dinars per dollar for external transfers, and at the same price in cash.
Most of the bank's dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 199 million 757 thousand and 755 dollars, an increase of 86 percent, compared to cash sales amounting to 27 million 690 thousand dollars.
The number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks, while the total number of exchange and brokerage companies participating in the auction was 48 companies.
[You must be registered and logged in to see this link.]