CBI auctions +$270 million in forex on Sunday
Shafaq News/The Iraqi Central Bank's (CBI) sales of the US dollar surpassed $270 million inthe currency auction on Sunday.
According toan official statement by the Bank, the CBI sold $270,808,435 during today'sauction.
The Bankcovered these transactions at a base exchange rate of 1,310 IQD per dollar fordocumentary credits, international settlements of electronic cards, and foreigntransfers, while the rate stood at 1,305 IQD per dollar for cash transactions.
Most dollarsales were directed towards bolstering balances abroad in the form of transfersand credits, amounting to $262,958,434, representing a 97% increase compared tocash sales, which amounted to $7,850,000.
One Bankpurchased cash dollars, while 15 fulfilled requests to bolster balances abroad.
The totalnumber of exchange and brokerage companies participating in the auction was 8companies.
