The Central Bank of Iraq announced today, Monday, that its sales in the currency auction had decreased to 120 million dollars.

The Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales to reach 120 million and 821 thousand dollars covered by the bank at a base exchange rate of 1190 dinars per dollar, compared to yesterday, Sunday, when sales reached 252 million and 709 thousand dollars.

The request was distributed by 113 million and 181 thousand dollars to enhance the balances abroad in the form of transfers and credits, while the remaining 7 million and 640 thousand dollars were distributed in the form of a cash sale that was fully covered by the bank at an exchange rate of 1190 dinars per one dollar.

While none of the 15 banks in the currency auction made any offers to sell the dollar.

It is mentioned that the central bank conducts daily sessions to buy and sell foreign currencies except for the official holidays in which the bank stops these auctions.

News Source: https://rasediraqi.com/