Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $220 million in foreign currency (forex) today,Tuesday.

Shafaq News Agency correspondent said that the CBI foreign currency sales in this week's second auction amounted to $221,443,250. The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that 10 banks and 147 exchange companies cashed out $24,600,000. The remaining $196,843,250 went to boost funds in the form of credit and non-cash transactions, with 32 banks meeting those requests.