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For the third day in a row, CBI sales in the currency auction continue to decline

Category: Economy

Date: 2021-07-28T11:03:02+0000
For the third day in a row, CBI sales in the currency auction continue to decline
Shafaq News/ The Central Bank of Iraq (CBI) auctioned $174 million in foreign currency today, Sunday.

Shafaq News Agency correspondent said that CBI's sales of foreign currency in today’s auction amounted to $174,815,000, down by wowing 18.69% compared to yesterday's $214,570,530. The weighted rate of the U.S dollar averaged 1460 dinars.

Our correspondent explained that three banks and five exchange companies cashed $11.32 million, while the remaining sums went to boost funds abroad in the form of credit and non-cash transactions, with 27 banks meeting those demands.

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