CBI sold +3.5$ billion in November currency auctions
Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $3.5 billion in foreign currency in November.
Shafaq News Agency correspondent said that the CBI sales of foreign currency in November's auctions amounted to $3,682,736,000. The weighted average of CBI daily sales stood at $167,397,128, down from October's $174,848,861.
The transactions were made at a weighted average of 1460 dinars to every dollar.
Our correspondent explained that the majority of those funds went to boost assets abroad in the form of credit and non-cash transactions, while a small percentage was dedicated for cash transactions.