The Central Bank of Iraq (CBI) successfully completed a currency auction on Monday, selling more than $297 million in US dollars. According to an official statement from the bank, the total sales amounted to $297,459,852.
The exchange rate for the transactions was set at 1,310 Iraqi dinars (IQD) per US dollar for documentary credits, international electronic card settlements, and foreign transfers. For cash transactions, the rate was slightly lower at 1,305 IQD per dollar.
A significant portion of the sales, totaling $281,409,852—about 94.31%—was directed toward supporting foreign balance transfers and credits. Meanwhile, cash sales reached $16,050,000.
The auction saw participation from 19 exchange companies. One bank purchased cash dollars, while six others fulfilled requests to strengthen foreign balances abroad. This auction reflects ongoing efforts by the Central Bank to manage Iraq’s foreign exchange market and ensure economic stability.
