Central Bank Of Iraq: 95% Of Dollar Sales To Boost Foreign Balances
01/19/2025 Mawazine News – Economy The Central Bank of Iraq revealed, on Sunday, that foreign remittances constituted more than 95% of its daily sales, with the participation of 6 banks and 19 exchange companies.
According to a statement issued by the bank, its sales in today's auction amounted to 281 million, 623 thousand, and 107 dollars, at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and 1310 dinars per dollar for foreign remittances, while cash dollars were sold at 1305 dinars per dollar.
The bank indicated that most of the sales, worth 269 million, 823 thousand, and 107 dollars (equivalent to 95.91%), were allocated to strengthening foreign balances through remittances and credits, compared to cash withdrawals, which amounted to only 11 million and 800 thousand dollars.
With regard to the participating banks, the number of banks that purchased cash dollars was only one bank, while 5 banks met requests to strengthen balances abroad. 19 exchange companies also participated in the daily auction. https://www.mawazin.net/Details.aspx?jimare=258782
No comments:
Post a Comment