CBI reports over $1 billion in weekly hard Currency sales

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CBI reports over $1 billion in weekly hard Currency sales
CBI reports over $1 billion in weekly hard Currency sales

The Central Bank of Iraq (CBI) has reported foreign currency sales of over one billion dollars in the past week.

The bank held auctions every day for five days, selling a total of $1,052,124,642 at an average daily rate of $210,424,928. This is 3.6% lower than the previous week’s average of $218,611,168, according to a statement.

The sales figures for the week indicate that Sunday had the highest dollar sales, reaching $212,397,010, while Tuesday had the lowest sales, totaling $208,123,963.

During the week, foreign remittances were quite active, totaling $891,344,642 – an 82% increase compared to cash sales of $160,780,000.

The sales by the Central Bank included cash transactions and overseas transfers that were aimed at supporting foreign trade.

The bank charges 1305 Iraqi dinars per dollar for electronic card transactions related to documentary credits and international settlements. Additionally, the selling price for remittances abroad and cash sales is 1310 Iraqi dinars per dollar.

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