CBI’s figure higher on Tuesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold US$198 million in its auction for selling and buying foreign currencies on Tuesday, on the basis of 1,170 dinars per dollar, recording a higher figure than Monday’s auction during which 135 million dollars were sold, according to the CBI’s daily bulletin. “The total size of the demand for the U.S. dollar had reached 198,139,000 dollars, covered by the CBI on basis of 1,170 dinars per dollar,” the bulletin, as was received by IraqiNews.com news agency reported. It stressed that the CBI’s cash sales in the auction had reached 190, 939,000 dollars, on the basis of an exchange rate of 1,183 dinars per dollar and the CBI’s interest rate of 13 dinars per dollar. “None of the 20 banks that attended the session offered to sell dollars during Tuesday’s auction,” it added. The CBI holds 5 weekly auctions, beginning from Sunday and ending on Thursday, to sell and buy foreign currencies, for which it charges an interest of 13 dinars per each dollar, along with a similar interest for transfers abroad. SKH (TS)/SR   1310