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The Iraqi currency auction records a 90% increase in foreign remittances
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2024-05-27 05:50
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Shafaq News/ Foreign remittance sales at the Central Bank of Iraq auction, on Monday, increased by 90% over cash sales, reaching more than 251 million dollars.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 276 million 887 thousand and 116 dollars, which the bank covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, and at 1,310 dinars per dollar for foreign transfers, at a price 1305 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 251 million 787 thousand and 116 dollars, an increase of 90% over cash sales amounting to 25 million and 100 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 16 banks, while the total number of exchange and brokerage companies participating in the auction was 29 companies.
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2024-05-27 05:50
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Shafaq News/ Foreign remittance sales at the Central Bank of Iraq auction, on Monday, increased by 90% over cash sales, reaching more than 251 million dollars.
Shafaq News Agency correspondent stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 276 million 887 thousand and 116 dollars, which the bank covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, and at 1,310 dinars per dollar for foreign transfers, at a price 1305 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 251 million 787 thousand and 116 dollars, an increase of 90% over cash sales amounting to 25 million and 100 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 16 banks, while the total number of exchange and brokerage companies participating in the auction was 29 companies.
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