The Central Bank of Iraq (CBI) has ramped up its dollar sales to banks and foreign exchange companies using an electronic platform, resulting in a surge in the value of the dinar against the dollar.
Last week, the central bank offloaded a total of $1.384 billion, with $1.317 billion allocated for remittances and $66.760 million in cash transactions.
On average, the Central Bank of Iraq sold $276,846,000 per day, with the standard value of 100 dollars pegged at 147,000 dinars.
