CBI sells $98 million on Wednesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales dropped to $98.880 million in its daily auction on Wednesday, compared to $146.278 million in the previous session. “The demand hit $10.400 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $88.480 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 15 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1