More than a billion dollars in sales from the Iraqi Central Bank within a week

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More than a billion dollars in sales from the Iraqi Central Bank within a week

Last week, the Central Bank of Iraq sold over $1 billion in hard currency to the US dollar.

According to a correspondent, the Central Bank sold $1,257,385,826 during the past week in which the auction was open for five days. The daily rate was $251,477,165, higher than the previous week’s rate of $1,143,053,503.

The sales on Wednesday reached the highest point, amounting to $236,481,971. On Sunday, the sales were at the lowest, amounting to $225,287,025.

As per our correspondent, foreign remittance sales in the past week were $975,611,326, indicating a growth of 91% compared to cash sales worth $91,774,500.

According to Mrasna, the sales were made in cash and through transfers abroad to support foreign trade. The selling price for documentary credits and international settlements for electronic cards was 1,305 dinars per dollar, while the selling price for overseas transfers and cash was 1,310 dinars per dollar.