Shafaq News/The Central Bank of Iraq’s (CBI) sales of the US dollar surpassed $300million in the currency auction on Tuesday.
According toan official statement by the Bank, the CBI sold $300,991,364 during today's auction.
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 $282,741,364, representing 94.54% compared to cashsales, which amounted to $18,250,000.
Two bankspurchased cash dollars, while 8 fulfilled requests to bolster balances abroad.
The totalnumber of exchange companies participating in the auction was 11 companies.
