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About 100% increase in foreign remittance sales at the Central Bank of Iraq auction
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2024-08-29 06:56
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2024-08-29 06:56
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Shafaq News/ Foreign remittance sales increased in the Central Bank auction on Thursday by 98% over cash sales to reach more than $270 million.
Shafaq News Agency correspondent reported that the bank sold 274 million, 957 thousand, and 492 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 $270 million, 407 thousand and 492, an increase of 98% over cash sales amounting to $4 million, 550 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 15 banks, and the total number of exchange companies participating in the auction was 11 companies.
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Shafaq News Agency correspondent reported that the bank sold 274 million, 957 thousand, and 492 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 $270 million, 407 thousand and 492, an increase of 98% over cash sales amounting to $4 million, 550 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 15 banks, and the total number of exchange companies participating in the auction was 11 companies.
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