The Iraqi Central Bank Sold More Than $270 Million At Auction Today, 25 APRIL

 The Iraqi Central Bank Sold More Than $270 Million At Auction Today

Economy News – Baghdad  Today, Thursday, the Central Bank of Iraq's dollar sales amounted to more than $270 million in the currency auction.

In its auction today, the Central Bank sold 270 million, 897 thousand and 422 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 264 million 37 thousand and 422 dollars, an increase of 97% over cash sales amounting to 6 million and 860 thousand dollars.

The number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 14 banks, and the total number of exchange and brokerage companies participating in the auction was 58 companies.

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