A significant decline in currency auction sales to the Central Bank of Iraq

EconomyBreakingCurrency AuctionThe Central Bank Of Iraq

2023-02-13 04:20Font

Twilight News / The Central Bank of Iraq’s sales of the dollar in the currency auction fell on Monday, by 62%.

The correspondent of Shafaq News Agency said that the Central Bank sold today, during its auction for the sale and purchase of the US dollar, 115 million and 403 thousand and 294 dollars, down 62%, compared to yesterday, when sales amounted to 305 million dollars, covered by the bank at a basic exchange rate of 1305 dinars per dollar for documentary credits and international

Our correspondent added that sales from the dollar were distributed between strengthening assets abroad in the form of (remittances, credits) by 52 million and 603 thousand and 294 dollars, while the rest of 62 million and 800 thousand dollars went in cash.

Our correspondent pointed out that the banks that bought the cash dollar numbered 17 banks, while the total number of exchange and brokerage companies participating in the auction was 180 companies.

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