CBI auctions +$290 million on Monday
Shafaq News/The Central Bank of Iraq’s (CBI) sales of the US dollar recorded +$290 millionin the currency auction on Monday.
According toan official statement by the Bank, the CBI sold $290,459,512 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 $274,309,512, representing a 94% increase compared tocash sales, which amounted to $16,150,000.
One bankpurchased cash dollars, while 12 fulfilled requests to bolster balances abroad.
The totalnumber of exchange companies participating in the auction was 19 companies.
