CBI auctions +$269 million in forex on Tuesday
Shafaq News / The Iraqi Central Bank's (CBI) sales of the US dollar surpassed $269 million in the currency auction on Tuesday.
According to Shafaq News correspondent, the Bank sold today $269,250,000 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 $239,000,000, representing a 95% increase compared to cash sales, which amounted to $30,250,000.
6 Banks purchased cash dollars, while 4 fulfilled requests to bolster balances abroad.
The total number of exchange and brokerage companies participating in the auction was 172 companies.
