Central Bank of Iraq Reports USD Sales Exceeding One Billion Dollars
The Central Bank of Iraq has reported that its sales of hard currency in US dollars exceeded one billion dollars during its recent auction activities.
Over the past week, spanning five days when the auction was operational, the central bank’s sales totaled approximately $1.456 billion, averaging daily transactions of around $291.37 million. This represents a slight decline compared to the previous week when sales reached $293.72 million per day.
The data indicates that the peak sales of US dollars occurred on Monday, totaling $298.49 million, while Tuesday recorded the lowest sales volume at $286.03 million.
External Transfers vs. Cash Sales
In terms of external transfers, the total amount for the week was approximately $1.383 billion, contrasted with cash sales, which stood at $75.55 million.
| Amount (USD) | |
|---|---|
| Total Sales (Last Week) | $1,456,844,061 |
| Average Daily Sales | $291,368,812 |
| Peak Sales (Monday) | $298,486,800 |
| Lowest Sales (Tuesday) | $286,030,709 |
| External Transfers | $1,383,294,061 |
| Cash Sales | $75,550,000 |
This week’s auction data provides critical insights into the performance of Iraq’s currency market and reflects ongoing monetary policy efforts by the central bank.