CBI records +$1 bn in foreign currency sales last week

0
39
CBI records +$1 bn in foreign currency sales last week

Last week, the Central Bank of Iraq (CBI) reported sales of over one billion dollars in foreign currency, primarily in US dollars.

During the past week, CBI sold $1,090,529,470 in three separate auction days, averaging $218,105,894 daily. This is an increase from the previous week’s sales of $634,373,298.

On Thursday, sales reached $229,063,145, while on Sunday, they were at their lowest with $210,253,270.

Our correspondent reported that foreign exchange sales for the past week amounted to $998,093,470, which is a 90% increase from cash sales totaling $101,690,000.

In addition, the purpose of the sales, both in cash and through external transfers, was to fund foreign trade. The selling rate for documentary credits and international settlements for electronic cards was established at 1305 IQD per dollar, while the selling rate for foreign transfers and cash sales was set at 1310 IQD per dollar.