Central Bank of Iraq sells $275 million in auction today

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Central Bank of Iraq sells $275 million in auction today

At the Monday currency auction, the dollar sales of the Central Bank of Iraq came out to be more than $275 million.

The bank sold in its auction today 275 million, 296 thousand and 899 dollars, 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, according Shafaq News Agency correspondent.

Most of the dollar sales, he said, went toward bolstering accounts abroad via remittances and credits, totaling $265 million, 246 thousand and 899, a rise of 96% over cash sales of $10 million and 50 thousand.

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