In the past week, the Central Bank of Iraq sold over $1 billion worth of hard currency to the US dollar.
According to a report reviewed by “Information”, the Central Bank sold a total of $1,048,170,594 over the past week during the five-day auction period. The daily rate of sales was $209,634,108, which is $108 million lower than the previous week’s rate of $1,117,709,150.
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The report showed that foreign remittance sales for the past week totaled $957,890,549, a 91% increase compared to cash sales of $90,280,000.
According to him, the sales were made in the form of cash and transfers overseas to fund foreign trade. The selling price of documentary credits and international settlements for electronic cards was 1,305 dinars per dollar, whereas the selling price of transfers overseas and the cash selling price was 1,310 dinars per dollar.
