Shafaq News/ On Tuesday, the Iraqi Central Bank's (CBI) sales of the US dollar surpassed$265 million in the currency auction.
According toan official statement by the Bank, the CBI sold $265,773,443 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.
The majorityof dollar sales were directed towards bolstering balances abroad in the form oftransfers and credits, amounting to $262,223,443, representing a 99% increasecompared to cash sales, which amounted to $3,550,000.
Two Bankspurchased cash dollars, while 17 fulfilled requests to bolster balances abroad.
The totalnumber of exchange and brokerage companies participating in the auction was 7companies.