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Foreign remittance sales at the Central Bank of Iraq auction increased by nearly 100%
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2024-08-20 06:38
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2024-08-20 06:38
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Shafaq News/ Foreign remittance sales increased in the Central Bank auction on Tuesday by 99% over cash sales to reach more than $264 million.
Shafaq News Agency correspondent reported that the bank sold in its auction today 268 million, 304 thousand and 25 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.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $264,954,025, an increase of 99% over cash sales of $3,350,000.
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 15 banks, and the total number of exchange companies participating in the auction was 6 companies.
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Shafaq News Agency correspondent reported that the bank sold in its auction today 268 million, 304 thousand and 25 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.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $264,954,025, an increase of 99% over cash sales of $3,350,000.
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 15 banks, and the total number of exchange companies participating in the auction was 6 companies.
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