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Foreign remittance sales increase by 99% at the Central Bank of Iraq auction
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2024-10-30 06:38
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2024-10-30 06:38
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Shafaq News/ Foreign remittance sales increased by 99% in the Central Bank auction on Wednesday, reaching more than $277 million.
Shafaq News Agency correspondent reported that the bank sold 281 million, 661 thousand, and 285 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 $277 million, 661 thousand, and 285, an increase of 99% over cash sales of $4 million.
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 companies participating in the auction was 7 companies.
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Shafaq News Agency correspondent reported that the bank sold 281 million, 661 thousand, and 285 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 $277 million, 661 thousand, and 285, an increase of 99% over cash sales of $4 million.
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 companies participating in the auction was 7 companies.
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