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CBI auctions +$270 million in forex on Thursday

CBI auctions  million in forex on Thursday
CBI auctions +$270 million in forex on Thursday

2024-07-11 16:00:05 - Source: Shafaq News

Shafaq News / The Iraqi Central Bank's (CBI) sales of the US dollar surpassed $270 million in the currency auction on Thursday.

According to the CBI's data, the Bank sold today $270,387,731 in its auction.

These sales were covered at a basic exchange rate of 1,310 IQD per dollar for documentary credits and international settlements for electronic cards and external transfers and at a rate of 1,305 IQD per dollar for cash transactions.

The majority of dollar sales were directed towards bolstering balances abroad in the form of transfers and credits, amounting to $247,077,731, representing a 91% increase compared to cash sales, which amounted to $23,310,000.

Two Banks purchased cash dollars, while 8 fulfilled requests to bolster balances abroad.

The total number of exchange and brokerage companies participating in the auction was 4 companies.





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