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Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
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2024-11-05 05:17
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2024-11-05 05:17
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Shafaq News/ Foreign remittance sales increased in the Central Bank of Iraq auction on Tuesday by 96% over cash sales, reaching more than $273 million.
Shafaq News Agency correspondent reported that the bank sold 285 million, 468 thousand, and 819 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 $273,168,819, an increase of 96% over cash sales of $12,300,000.
Our correspondent indicated that the number of banks that purchased cash dollars was two, 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 11 companies.
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Shafaq News Agency correspondent reported that the bank sold 285 million, 468 thousand, and 819 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 $273,168,819, an increase of 96% over cash sales of $12,300,000.
Our correspondent indicated that the number of banks that purchased cash dollars was two, 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 11 companies.
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