Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $260 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 $263,847,470. The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that 26 banks and 295 exchange companies cashed out $65,850,000. The remaining $197,997,470 went to boost funds in the form of credit and non-cash transactions, with 33 banks meeting those requests.