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Dollar sales slashed by more than half in Dinar Auction
Demand for the dollar significantly dropped in the Central Bank of Iraq’s (CBI) in Dinar auction on Sunday, reaching $73.540 compared to $186.725 million in the previous session.
“The demand hit $49.730 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, and $23.810 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.
None of the 17 banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.
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