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The Central Bank sells more than $276 million in the currency auction
Economical 05/06/2024
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The Central Bank of Iraq’s dollar sales yesterday, Sunday, amounted to more than 276 million dollars in the currency auction.
In its auction yesterday, the bank sold 276 million and 568 thousand and 264 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 264 million 748 thousand and 264 dollars, an increase of 94% over cash sales amounting to 11 million and 820 thousand dollars.
The number of banks that purchased cash dollars reached 4, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 30 companies.
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