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Central Bank of Iraq sells $274 million in auction today
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2024-08-18 06:03
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2024-08-18 06:03
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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 Sunday.
Shafaq News Agency correspondent reported that the bank sold 274 million, 590 thousand, and 725 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 $256,990,725, an increase of 93% over cash sales of $17,600,000.
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 16 banks, and the total number of exchange companies participating in the auction was 14 companies.
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Shafaq News Agency correspondent reported that the bank sold 274 million, 590 thousand, and 725 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 $256,990,725, an increase of 93% over cash sales of $17,600,000.
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 16 banks, and the total number of exchange companies participating in the auction was 14 companies.
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