Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $260 million in foreign currency (forex) today, Thursday.

Shafaq News Agency correspondent said that the CBI foreign currency sales in this week's first auction amounted to $266,699,952. The transactions were made at a weighted average of 1460 dinars to one dollar. 

Our correspondent explained that 123 companies cashed out $25,800,000. The remaining $240,899,952 went to boost funds in the form of credit and non-cash transactions, with 46 banks meeting those requests.