Shafaq News / Foreign remittances at the Central Bank's auction soared by an astounding 72% today, reaching a staggering $151 million, up from cash sales.

Shafaq News Agency’s correspondent reported that the Central Bank successfully sold a total of $193,446,283 during its auction for buying and selling the US dollar. The Bank covered these transactions at an exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1,310 dinars per dollar.

Most notably, a significant portion of the Bank's dollar sales went towards bolstering foreign reserves in the form of remittances and credits, totaling $151,161,283. This surge, amounting to a 72% increase, starkly contrasts with the cash sales of $41,830,000.

Our correspondent pointed out that ten banks were involved in purchasing cash dollars, while twenty-two banks met the demands for enhancing foreign reserves. The total number of exchange and brokerage companies participating in the auction amounted to 139.