CBI sells +200 million dollars in Wednesday currency auction


Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $200 million in foreign currency today, Wednesday.

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction amounted to 207,728,000, 6.15% below yesterday's $195,399,350. The transactions were made at a weighted average of 1460 dinars to every dollar.

Our correspondent explained that 18 banks and 237 exchange companies cashed out $61.71 million, while the remaining $146.18 million went to boost funds abroad in the form of credit and non-cash transactions, with 26 banks meeting those demands.

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