CBI sells $160m on Monday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales jumped on Monday to $160.527 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $140.998 million. “The demand hit $1,586 million in cash today, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $158.941 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 18 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)/SR 36