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Central Bank Sales Increase
Economic 08/28/2024
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The Central Bank of Iraq's dollar sales increased yesterday, Tuesday, to more than $282 million in the currency auction, compared to Monday.
The Central Bank sold $282 million, 790 thousand, and 151 in its auction, covering it at a basic exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1,310 dinars per dollar for foreign transfers, and at a rate of 1,305 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to $276 million, 190 thousand, and 151, an increase of 98% over cash sales of $6 million and 600 thousand. The
number of banks that bought cash dollars was one bank, while the number of banks that met requests to strengthen balances abroad was 17 banks, and the total number of exchange companies participating in the auction was 10 companies.
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