CBI sells +200$ million in the currency auction on Sunday


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

Shafaq News Agency correspondent said that the CBI sales of foreign currency in today's auction dropped to $218,256,098 from Sunday's $186,274,552. The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent explained that 21 banks and 285 exchange companies cashed out $59,750,000. The remaining $158,506,098 went to boost funds abroad in the form of credit and non-cash transactions, with 28 banks meeting those demands.

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