CBI auctions about $270 million in forex on Thursday
Shafaq News/The Iraqi Central Bank's (CBI) sales of the US dollar surpassed $265 million inthe currency auction on Wednesday.
According toan official statement by the Bank, the CBI sold $269,310,587 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 $260,460,587, representing a 97% increase compared tocash sales, which amounted to $8,850,000.
One Bankpurchased cash dollars, while 15 fulfilled requests to bolster balances abroad.
The totalnumber of exchange and brokerage companies participating in the auction was 11companies.
