Iraqi Central Bank Reports Significant Increase in US Dollar Sales
In a marked increase, the Iraqi Central Bank reported total sales of US dollars during last week’s auction reaching approximately $1.5 billion.
According to sources, the central bank generated a total of $1,448,692,896 in sales over the course of the five-day auction. This translates to a daily average of $289,579,812, which represents a slight decline from the previous week’s average sales of $291,368,812.
The peak dollar sales occurred on Thursday, totaling $307,931,825, while the lowest sales figure was recorded on Tuesday, amounting to $272,939,389.
Additionally, external transfer sales for the week reached $1,386,942,896, contrasting with cash sales that totaled $61,750,000.
Summary of Financial Data
| Category | Amount |
|---|---|
| Total Sales | $1,448,692,896 |
| Daily Average Sales | $289,579,812 |
| Peak Sales (Thursday) | $307,931,825 |
| Lowest Sales (Tuesday) | $272,939,389 |
| External Transfers | $1,386,942,896 |
| Cash Sales | $61,750,000 |
This increase in the central bank’s dollar sales underscores ongoing economic trends and capital flow in Iraq, reflecting the evolving dynamics within the nation’s monetary policy framework.
