CBI auctions +$283 million in forex on Wednesday
Shafaq News / The Iraqi CentralBank's (CBI) sales of the US dollar surpassed $283 million in the currencyauction on Wednesday.
According to an official statementby the Bank, the CBI sold $283,616,416 during today'sauction.
The Bank covered these transactionsat a base exchange rate of 1,310 IQD per dollar for documentary credits, internationalsettlements of electronic cards, and foreign transfers, while the rate stood at1,305 IQD per dollar for cash transactions.
The majority of dollar sales weredirected towards bolstering balances abroad in the form of transfers andcredits, amounting to $268,066,416, representing a 94%increase compared to cash sales, which amounted to $15,550,000.
Two Banks purchased cash dollars,while 17 fulfilled requests to bolster balances abroad.
The total number of exchange andbrokerage companies participating in the auction was 13 companies.
