Iraqi Dinar 123 News:– Auction sessions are being held by the Central Bank of Iraq six days a week. They are managing these sessions from Saturday to Thursday every week. These sessions include banks and companies from the different parts of the country. The buying and selling of the dollar is managed in a good way and it is helpful for the CBI because it earns a good amount of profit on each and every dollar.
The sales of the auction done by the CBI recently for the dollar amounted to 179.523 million dollars with the previous sales recorded at a maximum of 166.09 million dollars. The exchange rate for the dollar against the dinar remained stable at the price of 1166 dinars per dollar.
it was recorded that the bulleting responded that the need for the distribution of the dollar was equal to 63.62 million dollars in cash and the rate of exchange was equal to 1190 dinars in exchange to one dollars. The Central bank earned a profit of 24 dinars per dollar which added to a huge profit that the CBI pocketed because of the sessions going on for the auction on daily bases. It is a good option to have high sales in the foreign currency department to make good profit.