CBI sells +96$ million in forex on Tuesday

The Central Bank of Iraq (CBI) auctioned more than $96 million in foreign currency (forex) today, Tuesday.

A source said that the CBI foreign currency sales in today’s auction amounted to $96,552,502 on Tuesday, one third below Monday.

The transactions were made at a weighted average of 1460 dinars to one dollar.

Our source explained that 13 banks and 182 exchange companies cashed out $28,850,000. The remaining $67,702,502 went to fund assets abroad through credit and non-cash transactions, with 18 banks meeting those requests.