The Central Bank of Iraq’s dollar sales amounted to more than $257 million in the currency auction on Monday.
Shafaq News Agency correspondent reported that the bank sold 257 million, 533 thousand, and 656 dollars in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $222 million, 633 thousand and 656, an increase of 84% over cash sales of $34 million, 900 thousand.
Our correspondent pointed out that the banks that bought cash dollars were only one bank, while the number of banks that met requests to enhance balances abroad was 13 banks, and the total number of exchange companies participating in the auction was 16 companies .
