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More than 200 million dollars...a significant increase in foreign remittances at the Iraqi Central Auction
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2024-01-09 05:03
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2024-01-09 05:03
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Shafaq News/ External remittances increased at the Central Bank’s auction, today, Tuesday, by 95% at the expense of cash sales, to reach $209 million.
Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 221 million 6 thousand and 414 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 foreign transfers and at 1310 dinars per dollar in cash.
Our correspondent added; Most of the bank's dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 209 million 886 thousand and 414 dollars, an increase of 95% over cash sales amounting to 11 million and 120 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 19 banks, while the total number of exchange and brokerage companies participating in the auction was 126 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 221 million 6 thousand and 414 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 foreign transfers and at 1310 dinars per dollar in cash.
Our correspondent added; Most of the bank's dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 209 million 886 thousand and 414 dollars, an increase of 95% over cash sales amounting to 11 million and 120 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 19 banks, while the total number of exchange and brokerage companies participating in the auction was 126 companies.
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