CBI sells +194$ million in the forex auction on Tuesday


Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $216 million in foreign currency (forex) today, Monday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to $194,095,600. The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that 19 banks and 203 exchange companies cashed out $49.85 million. The remaining $144,245,600 went to boost funds abroad in the form of credit and non-cash transactions, with 30 banks meeting those requests.

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