CBI auctions +$4 bn in January
Shafaq News / The Central Bank of Iraq’s (CBI) sales from its auction for the US dollar exceeded four billion dollars in January, 2024.
According to Shafaq News Agency correspondent, CBI sold a total of $4,095,583,404 during last month’s auction sessions for buying and selling the US dollar, averaging $215,557,021 per session. This figure represents a 17% increase from the preceding month’s total sales of $179,352,967.
Our correspondent added that external transfer sales reached $3,585,641,446, marking a significant 91% rise compared to cash sales, which amounted to $331,888,000.
These sales were allocated between external transfers for foreign trade financing and cash sales to banks.
The selling rate for documentary credits and international settlements for electronic cards was set at 1305 IQD per dollar, while the selling rate for external transfers and cash sales was 1310 IQD per dollar.
