2024-10-14T11:55:14+00:00
Shafaq News/ The Iraqi
Central Bank’s (CBI) sales of the US dollar surpassed $265 million in the
currency auction on Monday.
According to an
official statement by the Bank, the CBI sold $265,964,050 during today’s
auction.
The Bank covered these
transactions at a base exchange rate of 1,310 IQD per dollar for documentary
credits, international settlements of electronic cards, and foreign transfers,
while the rate stood at 1,305 IQD per dollar for cash transactions.
Most dollar sales were
directed towards bolstering balances abroad in the form of transfers and
credits, amounting to $257,464,050, representing a 97% increase compared to
cash sales, which amounted to $8,500,000.
One Bank purchased
cash dollars, while 16 fulfilled requests to bolster balances abroad.
The total number of
exchange and brokerage companies participating in the auction
was14companies.
