The Central Bank of Iraq (CBI) recorded a surge in U.S. dollar sales, surpassing $290 million in its latest currency auction on Sunday.
According to an official statement from the CBI, total sales for the day reached $292,188,597. The transactions were executed at an exchange rate of 1,310 IQD per U.S. dollar for documentary credits, electronic card settlements, and foreign transfers, while cash transactions were conducted at a slightly lower rate of 1,305 IQD per dollar.
A significant majority of the sales, amounting to $280,488,597—roughly 96.07% of the total—were allocated for international transfers and credit settlements, reinforcing foreign balances. Meanwhile, cash sales stood at $12,700,000.
The auction saw participation from multiple banks, with one institution purchasing cash dollars and six others facilitating international balance transfers.
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