Central Bank of Iraq sales amount to about $6 billion in a month

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Central Bank of Iraq sales amount to about $6 billion in a month
Central Bank of Iraq sales amount to about $6 billion in a month

Sales from the US dollar’s hard currency auction during last July by the Central Bank of Iraq totalled more than five billion dollars.

Shafaq News Agency correspondent said that the Central Bank sold during the month of July, during the days in which it opened its auction for buying and selling the US dollar, 5 billion, 746 million, 98 thousand, and 54 dollars, at a daily rate of 273 million, 623 thousand, and 716 dollar.

Comparatively to cash sales, which totalled 317 million, 23 thousand dollars, our correspondent said that foreign remittance sales during the past month amounted to 5 billion, 424 million, 395 thousand, and 754 dollars, a rise of 94%.

While the selling price of documentary credits and international settlements for electronic cards reached 1310 dinars per dollar, our correspondent reported that these sales were distributed between transfers abroad to finance foreign trade, and cash sales to banks.

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