CBI records third consecutive decline in US dollar sales at currency auction

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CBI records third consecutive decline in US dollar sales at currency auction
CBI records third consecutive decline in US dollar sales at currency auction

On Thursday, the Central Bank of Iraq announced a third consecutive day of reduced sales of the US dollar at its currency auction.

As reported by a Shafaq News agency correspondent, the Central Bank sold $192,171,293 during the auction, which is lower than the sales of $193 million from the previous day.

As reported by a Shafaq News agency correspondent, the Central Bank sold $192,171,293 during the auction, which is lower than the sales of $193 million from the previous day.

The majority of the sales, amounting to 158,912,293 dollars, were used to improve foreign balances through remittances and credits. A total of $34.8 million was sold in cash.

According to reports, eight banks bought US dollars in cash, and 17 banks fulfilled requests to increase their foreign currency reserves. In addition, 99 exchange and mediation companies took part in the auction.

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