CBI auctions over $996 million in Forex last week

Shafaq News/ Iraq's central bank (CBI) has sold more than $996 million in foreign currency (forex) on the week ending on October 28.

The central bank sold $996,975,034 throughout the last week over five days of auctions, marking a daily average of $11,379,029.

The highest dollar sales for the past week were recorded on Wednesday, reaching $213,828,961. In contrast, the lowest sales were recorded on $191,422,686.

The week's sales included $830,265,034 through external transfers, which was an 80% increase compared to cash sales of $166,710,000.

The correspondent explained that the sales were made in the form of cash and external transfers to finance foreign trade. The selling price for the documentary credits and international settlements for electronic cards was 1305 Dinars per Dollar. The selling price for transfers abroad and the cash selling price stood at 1310 Dinars per Dollar.