CBI auctions +$265 million in forex on Monday

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CBI auctions +$265 million in forex on Monday
CBI auctions +$265 million in forex on Monday

The deals of the US dollar outflanked $ 265 million in the money sell-off of the Iraqi National Bank.

In its auction today, the CBI sold $265,603,629, according to an official Bank statement.

The Bank covered documentary credits, international settlements of electronic cards, and foreign transfers at a base exchange rate of 1,310 IQD per dollar, while cash transactions were covered at a rate of 1,305 IQD per dollar.

Most of dollar deals were organised towards supporting adjusts abroad as moves and attributes, amounting to $253,353,629, representing a 95% increase compared to cash deals, which amounted to $12,250,000.

One Bank purchased cash dollars, while 16 met requests to support adjusts abroad.

The total number of trade and business organisations that participated in the barter was 12.

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