Banking and FinanceCurrencies

Central Bank Sees Over $300 Million in Dollar Auctions Today

**Central Bank’s Auction Sales Surpass $300 Million**

On Tuesday, the Central Bank reported auction sales that exceeded $300 million, totaling $300,991,464. These sales were conducted at a base exchange rate of 1,310 dinars per dollar, applicable to documentary credits and international settlements via electronic cards. For external transfer transactions, the same rate of 1,310 dinars per dollar was applied, while cash transactions were conducted at a slightly lower rate of 1,305 dinars per dollar.

A significant portion of the dollar sales has been directed toward bolstering foreign balances through transfers and credits, amounting to $282,741,364. In contrast, cash withdrawals made up $18,250,000 of the total sales.

The auction saw participation from a total of 17 banks, with 8 banks specifically fulfilling requests for the establishment of foreign balances. Additionally, 11 exchange companies took part in the auction process.

Transaction Type Amount (USD) Exchange Rate (Dinars per Dollar)
Total Sales $300,991,464 1,310
Foreign Balance Transfers and Credits $282,741,364 1,310
Cash Withdrawals $18,250,000 1,305

These figures highlight the ongoing efforts by the Central Bank to manage currency flow and maintain market stability amidst a dynamic economic environment.

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