CBI sales down from Tuesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 195 million U.S. dollars in its Wednesday auction for selling and buying foreign currencies, on a basis of 1,170 dinars per dollar, dropping from Tuesday’s sales of 198 million dollars, according to the CBI’s daily bulletin.   “The total size of the demand on the U.S. dollar has reached 195,573,000 U.S. dollars, covered on the basis of 1,170 dinars per dollar,” the bulletin reported.   The bulletin stressed that the CBI’s previous session’s sales on Tuesday had reached 198, 139,000 dollars.   The auction’s sales have been distributed on the cash sales of 6 millions and 470,000 dollars, on basis of 1,183 dinars per dollr, whilst the foreign transfers have reached 198,103,000 dollars, also on bais of 1,183 dinars per dollar.   The bullet repeated its previous announcement that none of the 22 banks participating offered to sell dollars.   The CBI holds 5 sessions per week, from Sunday to Thursday for the sale of foreign currencies, charging 13 dinars as its interest per dollar. It it also charges 13 dinars for each dollar transferred abroad.   SKH (TI)/SR 729