CBI sells +200$ million in forex on Wednesday

2022-06-01T10:48:01.000000Z

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

Shafaq News Agency correspondent said that the CBI foreign currency sales in today's auction amounted to $203,900,000. The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that 19 banks and 225 exchange companies cashed out $51.6 million. The remaining $152,300,000 went to boost funds in the form of credit and non-cash transactions, with 32 banks meeting those requests.

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