Central Bank External Transfers Surge Over 97%
On Wednesday, external transfers within the central bank’s sales operations exceeded 97%, marking a significant development in today’s financial activities.
The central bank reported sales totaling $286,048,422 in its auction, conducted at a foundational exchange rate of 1,310 Iraqi dinars per US dollar. These transactions primarily facilitated documentary credits and international settlements linked to electronic cards. Transfers, on the other hand, were executed at a consistent rate of 1,310 dinars per dollar, whereas monetary withdrawals were slightly lower at 1,305 dinars per dollar.
The bulk of dollar sales—amounting to $277,748,422 or 97.11%—was directed toward bolstering overseas balances through various transfers and credits. In contrast, monetary withdrawals accounted for a modest $8,300,000.
Notably, only one bank participated in purchasing monetary dollars, while the demand to enhance overseas balances was met by six banks. In total, 11 exchange companies joined the auction, contributing to the robust financial activities executed by the central bank.
