Iraqi Central Bank Records High Dollar Sales in Latest Forex Auction

Sunday, 7 July 2024, 12:15
In the latest update from Shafaq News, the Iraqi Central Bank reported significant sales exceeding $4 billion in the forex auction held during June. The total sales amounting to $4,438,744,2 indicate a notable activity in the forex market, pointing towards potential impacts on the local economy and foreign exchange reserves. This development showcases the ongoing efforts of the CBI in managing currency exchange and market liquidity.
Shafaq
Iraqi Central Bank Records High Dollar Sales in Latest Forex Auction

Latest Forex Sales Update by Iraqi Central Bank

Shafaq News documented that the Iraqi Central Bank's sales in the recent forex auction surpassed $4 billion.

Key Points:

  • Significant forex sales exceeding $4 billion reported
  • Implications on forex market and foreign reserves
  • Ongoing CBI efforts in managing currency exchange

This update highlights the vital role of the CBI in maintaining market stability and liquidity, impacting the overall economic landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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