Increase In Foreign Remittance Sales At The Central Bank Auction, 25 APRIL

by **Admin** Thu Apr 25, 2024 11:44 am

Increase In Foreign Remittance Sales At The Central Bank Auction, 25 APRIL

Increase In Foreign Remittance Sales At The Central Bank Auction
Money and business Economy News – Baghdad External remittances at the Central Bank of Iraq auction increased by 95% today, Wednesday, at the expense of cash sales, to reach $266 million.
In its auction today, the Central Bank sold 279 million and 556 thousand and 200 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 266 million 256 thousand and 200 dollars, an increase of 95% over cash sales amounting to 13 million and 300 thousand dollars.
The number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 12 ...for read more: https://dinarevaluation.blogspot.com/2024/04/increase-in-foreign-remittance-sales-at.html