2023-08-12 14:39:36
The Central Bank of Iraq sold more than a billion dollars last week
The Central Bank of Iraq’s total sales of US dollars during the past week exceeded one billion and 50 million dollars.
And the bank stated, in a statement today, that it sold during the past week, and over the five days in which the auction was opened, one billion and 52 million and 124 thousand and 642 dollars, at a daily rate of 210 million and 424 thousand and 928 dollars, down by 3.6% from what was recorded in the previous week. It is estimated at 218 million and 611 thousand and 168 dollars.
The highest dollar sales came last week on Sunday, when sales amounted to 212 million 397 thousand and 10 dollars, while the lowest sales were on Tuesday, amounting to 208 million 123 thousand and 963 dollars.
Sales of foreign remittances during the past week amounted to 891,344,642 dollars, an increase of 82%, compared to cash sales, which amounted to 160,780,000 dollars.
Sales were in the form of cash and remittances abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,305 dinars per dollar, and the selling price of remittances abroad and the cash sale price amounted to 1,310 dinars per dollar.
While the Iraqi government and the House of Representatives are moving to find solutions to reduce the exchange rate of the dollar in the local market, following it reached unprecedented levels, in conjunction with the imposition of US sanctions on 14 Iraqi banks that were dealing with Iran.
The Wall Street Journal quoted US officials as saying that the move came following information was revealed that the targeted banks were involved in money laundering and fraudulent transactions.
The US Treasury and the Central Bank of Iraq have previously imposed strict controls on cash transfers carried out by Iraqi banks since the beginning of last January, in an attempt to reduce money laundering and smuggling, but smuggling operations witness a variety of ways and means of currency exit, which poses a great danger. on the Iraqi national economy.
(Qena, The New Arab)
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