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The Central Bank of Iraq sells nearly $300 million in an auction today
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2024-07-24 06:34
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2024-07-24 06:34
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Shafaq News/ The Central Bank of Iraq's dollar sales amounted to more than $274 million in the currency auction on Wednesday.
Shafaq News Agency correspondent reported that the bank sold 274 million, 637 thousand, and 912 dollars in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $267 million, 637 thousand, and 912, an increase of 97% over cash sales of $7 million and 50 thousand.
Our correspondent pointed out that the number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange and brokerage companies participating in the auction was 10 companies.
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Shafaq News Agency correspondent reported that the bank sold 274 million, 637 thousand, and 912 dollars in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $267 million, 637 thousand, and 912, an increase of 97% over cash sales of $7 million and 50 thousand.
Our correspondent pointed out that the number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange and brokerage companies participating in the auction was 10 companies.
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