The Central Bank of Iraq’s cash sales fell on Sunday, to less than one million dollars, compared to foreign remittances, which rose to more than 112 million dollars.
The Central Bank of Iraq usually sells at least $12 million in the currency auction on a daily basis.
Shafak News Agency correspondent stated that today, during its auction for buying and selling US dollars, the Central Bank witnessed a decrease in its dollar sales to reach 112 million and 670 thousand and 566 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar compared to last Thursday, when sales amounted 137 million and 900 thousand dollars.
Our correspondent added; The bank’s sales to banks and mediation companies in cash decreased significantly to reach 960 thousand dollars compared to sales that went in the form of external remittances, amounting to 112 million and 710 thousand and 566 dollars.
Our correspondent indicated that 17 banks have met requests to enhance balances abroad, and two banks have responded to cash requests, in addition to one mediation company.