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Increase in dollar transfers outside Iraq
Economical 01/15/2024
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Baghdad: Al-Sabah
External remittances increased at the Central Bank’s auction yesterday, Sunday, by 94% at the expense of cash sales, to reach $209 million. During its auction for buying and selling US dollars, the Central Bank sold 219 million 949 thousand and 90 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 per dollar in cash. Most of the bank's dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 209 million 269 thousand and 145 dollars, an increase of 94%, compared to cash sales amounting to 10 million 680 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 20 banks, while the total number of exchange and brokerage companies participating in the auction was 67 companies.
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