CBI) sells US $135 million in its Monday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold US$135 millions in its Monday auction to sell and purchase foreign currencies, on basis of 1,170 dinars per dollar, compared to its Sunday sales of US$116 millions, the CBI’s bulletin reported.   “The total size for demand on the U.S. dollar has reached 135 millions and 757,000, covered by the CBI, on basis of a selling price of 1,170 dinars per dollar,” the bulletin noted.   The CBI’s sales in Sunday’s auction had reached 116 millions and 936,000 dollars, distributed on cas sales for 8 millions and 30,000 dollars, for 1,183 dinars per dollar, whilst the foreign transfers had reached 127 millions and 727,000 dollars, based on an exchange price of 1,183 dinars per dollar and a commission of 13 dinars per dollar.   The bulletin repeated its previous announcement that the 16 banks, which attended the auction did not offer the sale of any dollar.   The CBI holds 5 weekly sessions, beginning from Sunday and ending on Thursday, for the selling and purchasing of foreign currencies, with a commission of 13 dinars per dollar for the CBI, whilst it charges 13 dinars as well for foreign transfers.   SKH (TI)/SR 872