CBI’s outward remittances surge to 209$ million
2024-02-12T12:33:16+00:00
Shafaq News/ On Monday, the Central Bank of Iraq (CBI) auctioned about 209 million dollars in outward remittances and cash sales.
The Central Bank of Iraq’s total sales amounted to $213,604,104, covering transactions at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements and a rate of 1310 for external transfers and cash sales.
Most of the dollar sales were allocated to bolstering balances abroad.
Outward remittances reached $209,194,104, while the cash sales amounted to $4,410,000.
Two banks engaged in purchasing cash dollars, while 13 banks responded to requests to enhance balances abroad.
The overall participation included 28 exchange and brokerage companies in the auction.
