CBI sales in the currency auction inched up


Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $197 million in foreign currency today, Monday.

Shafaq News Agency correspondent said that CBI's foreign currency sales in this week's auction amounted to $197,357,573. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 17 banks and 195 exchange companies cashed $41 thousand, while the $157,357,573 went to boost funds abroad in the form of credit and non-cash transactions, with 24 banks meeting those demands.

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