External remittances increased by 93% in the Central Bank of Iraq auction

Shafaq News/ External remittances increased at the Central Bank’s auction, today, Sunday, by 93% at the expense of cash sales, to reach $211 million.

Shafaq News Agency correspondent said, “Today during its auction for buying and selling the US dollar, the Central Bank sold 225 million 287 thousand and 25 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for transfers.” Foreign affairs at a price of 1310 dinars per dollar in cash.

Our correspondent added that most of the bank’s dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 211 million 227 thousand and 25 dollars, an increase of 93%, compared to cash sales amounting to 14 million and 60 thousand dollars.

Our correspondent indicated that the number of banks that purchased cash dollars reached 5 banks, while the number of banks that responded to requests to enhance balances abroad reached 11 banks, while the total number of exchange and brokerage companies participating in the auction was 49 companies.