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The Central Bank sells more than a billion dollars in five days
Economical 04/07/2024
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The Central Bank of Iraq’s total sales of hard currency in US dollars during the past week amounted to more than one billion dollars. Last week, for five days during which the auction was opened, the Central Bank sold one billion 273 million 178 thousand and 100 dollars, at a daily rate of 254 million 635 thousand and 620 dollars, higher than what it recorded last week, which amounted to 1 billion 259 million 432 thousand and 212 dollars.
The highest dollar sales were on Wednesday, when sales amounted to 256 million, 413 thousand and 14 dollars, while the lowest sales were on Tuesday, when sales amounted to 250 million, 17 thousand and 41 dollars.
While foreign remittance sales during the past week amounted to one billion, 196 million, 338 thousand and 100 dollars, an increase of 94% compared to cash sales, which amounted to 76 million and 840 thousand dollars.
The sales were in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar.
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