Central Bank of Iraq Conducts $279 Million Forex Auction

Monday, 22 July 2024, 11:22
The Central Bank of Iraq (CBI) successfully conducted a currency auction on Monday, selling over $279 million. The official statement revealed that the total amount sold reached $279,811,934. The exchange rate at which these transactions were conducted was notably competitive. This auction reflects the CBI's ongoing efforts to stabilize the currency market amidst economic fluctuations.
Shafaq
Central Bank of Iraq Conducts $279 Million Forex Auction

Overview of the CBI Auction

On Monday, the Central Bank of Iraq (CBI) completed a significant currency auction, selling a total of $279,811,934. This move is part of CBI's strategy to manage the forex market effectively.

Details of the Auction

  • Total Amount Sold: $279,811,934
  • Exchange Rate: Competitive

This auction showcases the CBI's ongoing commitment to ensuring currency stability in Iraq's economy.

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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