CBI sells +900$ million in forex last week

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $900 million in foreign currency (forex) last week.

Shafaq News Agency correspondent said that the CBI foreign currency sales in the outgoing week amounted to $979,276,369, with a daily average of $195,978,037.

The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that most of the amount went to boost funds abroad in the form of credit and non-cash transactions.