Iraqi Central Bank's Monday Forex Auction Results: Sales Exceed $275M

Monday, 8 July 2024, 12:15

The Iraqi Central Bank conducted a successful currency auction on Monday, selling over $275 million in US dollar reserves. This significant transaction highlights the Bank's active role in managing the country's foreign exchange market. The positive outcome demonstrates robust demand for foreign currency in Iraq, indicating stability and confidence in the local economy. Overall, the auction results signify the Bank's efforts to maintain liquidity and stability in the forex market.

Shafaq — Iraqi Central Bank's Monday Forex Auction Results: Sales Exceed $275M

Iraqi Central Bank Currency Auction Results

The Iraqi Central Bank conducted a successful forex auction on Monday, surpassing $275 million in US dollar sales. This indicates a strong demand for foreign currency in the market.

Key Points:

The Bank's currency sales exceeded $275M in Monday's auction.
The successful auction demonstrates stability and confidence in the local economy.

Overall, the Iraqi Central Bank's active participation in the forex market is essential for maintaining market stability and liquidity.

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.

Iraqi Central Bank Currency Auction Results

Key Points:

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