2024-10-30T12:12:31+00:00
Shafaq News/
The Central Bank of Iraq’s (CBI) sales of the US dollar surpassed $280 million
in the currency auction on Wednesday.
According to
an official statement by the Bank, the CBI sold $281,661,285 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 $ $277,661,285, representing a 99% increase compared to cash sales, which
amounted to $4,000,000.
One bank
purchased cash dollars, while 14 fulfilled requests to bolster balances abroad.
The total
number of exchange and brokerage companies participating in the auction was 7
companies.
