CBI sales drop below $200 million in auction

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CBI sales drop below $200 million in auction
CBI sales drop below $200 million in auction

In today’s Tuesday auction, sales by the Central Bank of Iraq dropped significantly to below $200 million.

Shafaq News Agency’s correspondent reported that the CBI successfully sold $183,890,982 worth of electronic cards for international settlements and documentary credits. The exchange rate used was 1,305 Iraqi dinars per dollar for these transactions. For external transfers and cash transactions, the exchange rate was set at 1,310 Iraqi dinars per dollar.

According to him, most of the revenue generated was used to increase foreign balances through transfers and credits, totaling $153,220,982. The rest of the revenue, $30,670,000, was from cash sales.

In addition, our reporter observed that 9 banks bought US dollars in cash, while 17 banks met demands for increasing foreign balances. The total number of exchange and intermediary companies taking part in the auction was 96.

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