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98% increase in foreign remittance sales at the Central Bank of Iraq auction
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2024-07-25 07:00
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2024-07-25 07:00
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Shafaq News/ Foreign remittance sales rose by 98% in the Central Bank auction on Thursday, compared to cash sales, to reach more than $269 million.
Shafaq News Agency correspondent reported that the Central Bank sold today during its auction for buying and selling the US dollar 274 million, 734 thousand and 232 dollars, 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.
Our correspondent added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $269,484,232, an increase of 98% over cash sales of $5,250,000.
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 Central Bank sold today during its auction for buying and selling the US dollar 274 million, 734 thousand and 232 dollars, 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.
Our correspondent added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $269,484,232, an increase of 98% over cash sales of $5,250,000.
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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