Foreign remittance sales at the Central Bank of Iraq auction increased by 93% on Monday, at the expense of cash sales, reaching more than $233 million.
Shafaq News Agency correspondent reported that the bank sold 252 million, 16 thousand, and 660 dollars in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $233,766,660, up 92% from cash sales of $18,250,000.
Our correspondent pointed out that only one bank purchased cash dollars, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange companies participating in the auction was 22 companies
