Central Bank of Iraq opens its weekly auction by selling 158 million dollars

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has opened its weekly sales session on Sunday by selling US$158 millions in its auction to sell and buy foreign currencies, on basis of an exchange price of 1,170 dinars per dollar, compared to its previous session that recorded 180 million dollars.   “The total size of demand on the U.S. dollar has reached 159 millions and 191,000 dollars, covered by the CBI, on basis of 1,170 dinars per dollar,” the CBN’s bulletin, received by IraqiNews.com on Sunday, reported.   The CBI’s sales during the previous session had reached US$180 millions and 717,000, distributed on cash sales for 6 millions and 280,000 dollars, for 1,183 dinars per dollar, including the CBI’s 13 dinar interest for each dollar.   The sales of transfers abroad had reached 151 millions and 911,000 dollars, on basis of an exchange price of 1,183 dinars per dollar.   The CBI’s bulletin pointed out that “any of the 16 banks, contributing in its dollar auction did not offer any amount in the auction to sell dollars.   The Central Bank of Iraq (CBI) holds 5 weekly auction sessions, beginning from Sunday till Thursday, to sell foreign currencies, for which it adds a 13 dinar selling commission for each dollar, whilst it gets 13 dinars for each dollar it sells for transfers abroad.   SKH (IT)   1167