93% Of The Central Bank Of Iraq’s Dollar Sales Are Foreign Transfers
2024-12-16 Shafaq News/ Foreign remittances in the sales of the Central Bank of Iraq, on Monday, reached 93% in the currency auction in which 15 banks participated.
Shafaq News Agency correspondent reported that the bank sold in its auction today 295 million, 465 thousand, and 923 dollars, 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, 665 thousand, and 923, an increase of 93% over cash sales amounting to $17 million, 600 thousand.
Our correspondent pointed out that only one bank purchased cash dollars, 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 24 companies . LINK
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