CBI auctions +$282 million in forex on Tuesday
Shafaq News/ The Iraqi Central
Bank's (CBI) sales of the US dollar surpassed $282 million in the currency
auction on Tuesday.
According to an official statement
by the Bank, the CBI sold $282,790,151 during today's auction.
The Bank covered these transactions
at a base exchange rate of 1,310 IQD per dollar for documentary credits,
international settlements of electronic cards, and foreign transfers, while the
rate stood at 1,305 IQD per dollar for cash transactions.
Most dollar sales were directed
towards bolstering balances abroad in the form of transfers and credits,
amounting to $276,190,151, representing a 98% increase compared to cash sales,
which amounted to $6,600,000.
One Bank purchased cash dollars,
while 17 fulfilled requests to bolster balances abroad.
The total number of exchange and
brokerage companies participating in the auction was 10 companies.
