CBI sold about $500 million in forex last week

Shafaq News/ The Central Bank of Iraq (CBI) auctioned about a half billion dollars in foreign currency (forex) last week.

Shafaq News Agency correspondent said that the CBI foreign currency sales in the past five sessions amounted to $591,316,840 at a daily average of $437,300,223, 26.27% below the week before.

"Monday registered the highest sales with $126,944,502, while Thursday sales were the lowest with $61,649,886," our correspondent said.

All transactions were made at an average rate of 1460 dinars to one dollar.

Our correspondent explained that most sales boosted assets abroad via credit and non-cash transactions.