CurrenciesData

Iraq Central Bank Sells Over $1 Billion in Dollar Auction

Central Bank of Iraq Reports Over $1 Billion in Dollar Sales

The Central Bank of Iraq has announced that its total sales of U.S. dollars surpassed one billion during the recent auction period. According to reports, the bank’s sales over four days reached approximately $1.166 billion, averaging around $291.6 million daily. This marks a slight decrease compared to the previous week’s sales volume of approximately $294.4 million.

Sales Highlights

The peak day for dollar sales occurred last Tuesday, with transactions totaling approximately $299.9 million. In contrast, the lowest sales volume was recorded on Wednesday, amounting to about $283.0 million.

External Transfers vs. Cash Sales

In terms of external transfers, the total sales during the past week amounted to approximately $1.095 billion, significantly outweighing cash sales, which recorded a total of $71.15 million.

Sales Type Total Amount (USD)
Total Dollar Sales $1,166,384,363
Average Daily Sales $291,596,090
Peak Daily Sales $299,950,287
Lowest Daily Sales $283,018,598
External Transfers $1,095,234,363
Cash Sales $71,150,000

This data underscores the ongoing dynamics of Iraq’s foreign currency transactions as the Central Bank continues to manage its dollar reserves and ensure liquidity within the market.

Shares: