Shafaq News

  In Shafaaq 

By more than three quarters … a “significant” decline in central bank sales

The Central Bank of Iraq sales of hard currency decreased on Wednesday, registering a “significant” decline by 76.09 percent.

The Shafaq News Agency correspondent reported that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies a significant decrease in its sales by 76.09 percent to reach 3 million and 250 thousand dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Tuesday, when it reached Sales of 13 million and 596 thousand dollars.

He added that the sales all went to boost the funds abroad in the form of transfers and credits, while no cash purchase was made.

Our correspondent indicated that only two banks have met the requests to enhance the funds abroad. Source