Iraqi central sales exceed $ 200 million, amid a slight increase in cash

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Iraqi central sales exceed $ 200 million, amid a slight increase in cash

During today’s auction, the Central Bank sold over $210 million. Cash sales saw a slight increase compared to foreign transfers.

Today, the Central Bank conducted an auction for the buying and selling of US dollars. The bank sold a total of $210,884,357 to cover documentary credits and international settlements of electronic cards. The basic exchange rate was 1,305 dinars per dollar, while external transfers were priced at 1,310 dinars per dollar. Cash transactions were also set at 1,310 dinars per dollar.

Our source informed us that the majority of the dollar sales were used to strengthen foreign balances through remittances and credits, totaling $180,674,357. The remaining $30,210,000 was sold in cash, which is higher than yesterday’s cash sales of $22,200,000 on Wednesday.

According to our correspondent, 8 banks purchased cash dollars, while 18 banks responded to requests for balance strengthening abroad. Additionally, 118 exchange and mediation companies participated in the auction.