Central Bank of Iraq's sales of foreign remittances reach more than 94%, 22 JAN

 Central Bank of Iraq's sales of foreign remittances reach more than 94%

Time: 2025/01/21 Reading: 910 times  {Economic: Al Furat News} Foreign transfers in the sales of the Central Bank of Iraq, on Tuesday, reached more than 94% with the participation of 7 banks and 19 exchange companies.

The bank sold in its auction today 287 million, 882 thousand, and 784 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to 273 million, 323 thousand and 784 dollars, at a rate of 94.87%, compared to cash withdrawals amounting to 14 million and 550 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 6 banks, and the total number of exchange companies participating in the auction was 19 companies.  LINK