CBI sales in the currency auction drop drastically

With new regulations aiming at countering money laundering in force, the Central Bank of Iraq (CBI) auctioned $52 million only in foreign currency today, Sunday.

Alghadeer News correspondent said that CBI’s sales of foreign currency in today’s auction amounted to $52,070,000, down by 74.76% compared to Wednesday’s $206,422,600.

Our correspondent explained that two banks and 11 exchange companies cashed $1.07 million, while the $51 went to boost funds abroad in the form of credit and non-cash transactions, with 35 banks meeting those demands.

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