CBI sells +$94 million in forex on Tuesday


Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $94 million in foreign currency (forex) today, Tuesday.

Shafaq News Agency correspondent said the CBI foreign currency sales in today's auction amounted to $94,950,560.

The credit transactions were made at an average of 1,305 dinars to one dollar, while foreign remittances and cash transactions were made at a rate of 1,310 dinars to one dollar.

Our correspondent explained that 13 banks and 176 exchange companies cashed out $41,200,000. The remaining $53,750,560 went to fund assets abroad through credit and non-cash transactions, with 16 banks meeting those requests.

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