CBI auctions +$282M in forex on Sunday
2024-11-03 16:11:28 - From: Shafaq News
Shafaq News/On Sunday, the Central Bank of Iraq (CBI) reported dollar sales surpassing $282million in its latest currency auction.
According toan official statement by the bank, CBI sold a total of $282,064,798 at anexchange rate of 1,310 IQD per dollar for documentary credits and internationalsettlements for electronic cards, and at 1,305 IQD per dollar for cashtransactions.
The majorityof sales, totaling $279,414,798, were allocated to foreign account transfersand credits, representing 99% of the total dollar sales, while cash salesamounted to $2,650,000.
Only onebank purchased the cash dollars, while 15 banks fulfilled requests forinternational fund transfers, with 4 exchange companies participating in theauction.
