Central Bank Of Iraq: 94% Of Dollar Sales In Today's Auction For Foreign Transfers
03/02/2025 Mawazine News – Economy The Central Bank of Iraq announced that US dollar remittances sold in Monday's currency auction amounted to more than 94% of total sales, with total sales reaching $297 million, 459 thousand, and 852.
These sales were covered at a basic exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, while the dollar was sold at 1,310 dinars per dollar for external transfers, and at 1,305 dinars for cash dollars.
According to statistics, $281 million, 409 thousand, and 852 were allocated to enhance balances abroad in the form of transfers and credits, representing 94.31% of total sales, while cash withdrawals amounted to only $16 million and 50 thousand.
While 19 exchange companies participated in the auction, 6 banks met requests to enhance balances abroad, while only one bank was satisfied with buying dollars in cash. https://www.mawazin.net/Details.aspx?jimare=259313