The Central Bank of Iraq begins the week with foreign transfers that constitute 90% of its sales, 31 DEC

 The Central Bank of Iraq begins the week with foreign transfers that constitute 90% of its sales

Shafaq News/ Foreign remittances in the Central Bank of Iraq’s dollar sales reached more than 90% on Sunday, with the participation of 15 banks in the daily currency auction.

Shafaq News Agency correspondent reported that the bank sold 296 million, 396 thousand, and 196 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 $268,496,196, or 90%, compared to cash sales of $27,900,000.

Our correspondent indicated that one bank bought 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 43 companies.