Last week, the Central Bank of Iraq sold over one billion dollars in hard currency to the US.
According to a correspondent, the Central Bank sold $1,022,302,804 over the past week during the open auction. The daily sales rate was $204,460,560, which is higher than the previous week’s rate of $674,021,096.
The sales on Thursday amounted to 210,430,551 dollars, while on Monday, they were 199,905,896.
During the past week, our correspondent reported that foreign remittance sales amounted to $902,121,804, an 87% increase compared to cash sales totaling $120,181,000.
According to our correspondent, the sales took place in the form of cash and transfers abroad to finance foreign trade. The selling price of documentary credits and international settlements for electronic cards stood at 1,305 dinars per dollar, while the selling price of transfers abroad and cash was 1,310 dinars per dollar.
