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CBI sold +850$ million in forex last week

Category: Economy

Date: 2022-05-28T10:56:45+0000
CBI sold +850$ million in forex last week

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $850 million in foreign currency (forex) in the outgoing week.

Shafaq News Agency correspondent said that the CBI foreign currency sales in four auctions this week amounted to $857,525,352, at an average of $214,381,338 per auction.

The transactions were made at a weighted average of 1460 dinars to one dollar.

Our correspondent said that credit and non-cash transactions funding international trade trumped the amount cashed out for local use.

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