CBI auctions +$5 billion in forex during August 2024
2024-09-24 14:50:11 - From: Shafaq News
Shafaq News / On Sunday, the Iraqi Central Bank's(CBI) sales of the US dollar exceeded $5 billion in the currency auction duringJuly.
According to CBI’s data, the bank sold a total of$5,297,918,322 in its auction for buying and selling US dollars in August,averaging $278,837,806 per day.
Foreign exchange sales during the past monthamounted to $5,066,068,322, marking a 95% increase compared to cash sales,which amounted to $231,250,000.
These sales were distributed between remittancesfor external trade financing and cash sales to banks.
The selling price for documentary credits andinternational settlements for electronic cards stood at 1,310 IQD per dollar,while the selling price for remittance amounts abroad was 1,305 IQD per dollar.
