CBI auctions +$301 million in forex on Thursday
Shafaq News/ The Iraqi CentralBank's (CBI) sales of the US dollar surpassed $301 million in the currencyauction on Thursday.
According to an official statementby the Bank, the CBI sold $301,400,898 during today's auction.
The Bank covered these transactionsat a base exchange rate of 1,310 IQD per dollar for documentary credits,international settlements of electronic cards, and foreign transfers, while therate stood at 1,305 IQD per dollar for cash transactions.
Most dollar sales were directedtowards bolstering balances abroad in the form of transfers and credits,amounting to $285,700,898, representing a 95% increase compared to cash sales,which amounted to $15,700,000.
8 Banks purchased cash dollars,while 11 fulfilled requests to bolster balances abroad.
The total number of exchange andbrokerage companies participating in the auction was 23 companies.
