CBI auctions +$269 million in forex on Thursday

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.