The Central Bank Sold More Than A Quarter Of A Billion Dollars In The Currency Auction Today, 6 MAY

 The Central Bank Sold More Than A Quarter Of A Billion Dollars In The Currency Auction Today

Sunday 05, May 2024 15:54 | Economical Number of readings: 108  Baghdad / NINA / The Central Bank of Iraq’s dollar sales amounted to more than 276 million dollars on Sunday at the currency auction.

A statement from him explained that the bank sold in its auction today 276 million and 568 thousand and 264 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

He added that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 264 million 748 thousand and 264 dollars, an increase of 94% over cash sales amounting to 11 million and 820 thousand dollars.

He explained that the number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 30 companies./ https://ninanews.com/Website/News/Details?key=1124791