CBI auctions +$269 million in forex on Thursday

CBI auctions +$269 million in forex on Thursday
2024-05-30T12:09:39+00:00

Shafaq News / The Iraqi Central Bank's (CBI) sales of the US dollar reached more than $269 million in the currency auction on Thursday.

According to the CBI's data, the Bank sold today $269,299,132 in its auction.

These sales were covered at a basic exchange rate of 1,310 IQD per dollar for documentary credits and international settlements for electronic cards and external transfers and at a rate of 1,305 IQD per dollar for cash transactions.

The majority of dollar sales were directed towards bolstering balances abroad in the form of transfers and credits, amounting to $249,569,132, representing a 92% increase compared to cash sales, which amounted to $19,730,000.

Four banks purchased cash dollars, while 14 fulfilled requests to bolster balances abroad. 

The total number of exchange and brokerage companies participating in the auction was 23 companies.

Shafaq Live
Shafaq Live
Radio radio icon