CBI auctions +$269 million in forex on Monday

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CBI auctions +$269 million in forex on Monday
CBI auctions +$269 million in forex on Monday

The US dollar deals of the Iraqi National Bank (CBI) on Monday exceeded $268 million in the cash closeout.

According to an official Bank statement, the CBI sold $269,128,000 today at the auction.

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

With most of dollar deals directed toward supporting adjustments abroad as moves and qualities, totaling $257,128, addressing a 95% increment compared with cash deals, which added up to $12,000,000.

One Bank purchased cash dollars, and seventeen satisfied requests to support balances overseas.

There were seventeen trade and financial companies participating in the bartering overall.

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