The Central Bank of Iraq’s sales of US dollars at the currency auction on Monday recorded $290 million.
According to an official statement from the bank, the Central Bank sold 290 million 459 thousand and 512 dollars during today’s auction.
The bank covered these transactions at a basic exchange rate of 1,310 Iraqi dinars per dollar for documentary credits, international settlements for electronic cards, and external transfers, while the price reached 1,305 Iraqi dinars per dollar for cash transactions.
Most of the dollar sales went towards strengthening external balances in the form of transfers and credits, amounting to 274 million 309 thousand and 512 dollars, an increase of 94% compared to cash sales, which amounted to 16 million and 150 thousand dollars.
One bank bought a dollar in cash, while 12 banks responded to requests to enhance external balances.
The total number of exchange companies participating in the auction reached 19 companies.
