CBI auctioned about $500 million during the past week
2024-04-13T12:46:20+00:00
Shafaq News / The total sales of the Iraqi Central Bank (CBI) in hard currency of the US dollar exceeded $500 billion during the past week, with most of it transferred abroad.
The CBI opened only two sessions last week due to the Eid Al-Fitr holiday.
Our correspondent reported that CBI sold $533,978,562, with foreign exchange sales amounting to $470,853,332, 92% more than the cash sales, which reached $36,125."
The sales were made in cash and transferred abroad to finance foreign trade, with the selling price of documentary credits and international settlements for electronic cards at 1,305 IQD per dollar. Meanwhile, the selling price for transfers abroad and cash sales was 1,310 IQD per dollar.
