CBI’s outward remittances surpass 195$ million
2024-03-07T11:47:03+00:00
Shafaq News/ On Thursday, the Central Bank of Iraq (CBI) auctioned about 200 million dollars in outward remittances and cash sales.
The Central Bank of Iraq’s total sales amounted to $205,457,750, 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 $195,297,750, while the cash sales amounted to $9,860,000.
Four banks engaged in purchasing cash dollars, while 17 banks responded to requests to enhance balances abroad.
The overall participation included 61 exchange and brokerage companies in the auction.
