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The Central Bank of Iraq transfers more than a quarter of a billion dollars abroad within hours

Rocky

Rocky: Admin Assist; Posts : 282968
Join date : 2012-12-21

Post n°1

The Central Bank of Iraq transfers more than a quarter of a billion dollars abroad within hours

by Rocky Sun 01 Dec 2024, 7:25 am

The Central Bank of Iraq transfers more than a quarter of a billion dollars abroad within hours

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2024-12-01 04:14
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Shafaq News/ Foreign remittance sales increased in the Central Bank of Iraq auction on Sunday by 98% over cash sales, reaching more than $280 million.
Shafaq News Agency correspondent reported that the bank sold 285 million, 603 thousand and 220 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 $280,503,220, up 98% from cash sales of only $5,100,000.
The agency's correspondent indicated 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 13 banks, while the total number of exchange companies participating in the auction was 8 companies.
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