Central Bank of Iraq Sells Record $273 million in Forex Auction

Wednesday, 10 July 2024, 12:09

The Central Bank of Iraq reported a significant milestone in its forex auction sales, surpassing $273 million. This demonstrates a strong demand for the US dollar in the Iraqi market despite economic challenges. The CBI's consistent efforts to manage exchange rates and liquidity are crucial for stabilizing the national currency.
Shafaq
Central Bank of Iraq Sells Record $273 million in Forex Auction

CBI Hits Record Sales

The Central Bank of Iraq achieved a new milestone by selling over $273 million in the latest forex auction.

Strong Demand for US Dollar

The auction results reflect a robust demand for the US dollar within the Iraqi market.

Stabilizing the National Currency

The CBI's proactive measures in managing exchange rates and liquidity play a vital role in maintaining stability.


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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