CBI sells $125 million in Sunday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) sales in its Sunday auction have reached U.S. $125 million, on basis of 1,170 dinars per dollar, a figure down from Saturday sales that reached 171 million dollars, according to the CBI’s daily bulletin.   “The total size of the demand for U.S. dollars on Sunday reached 125, 130,000 dollars, covered by the CBI on a basis of 1,170 dinars per dollar,” the bulletin reported.   The CBI sales for its previous session on Saturday reached 171, 124,000 dollars.   The sales were distributed via cash sales totaling 6, 660,000 dollars, at a rate of 1,183 dinars per dollar, including the CBI’s interest of 13 dinars per dollar, the bulletin stressed.   The bulletin repeated its previous announcement that the 17 banks that shared in the CBI’s Sunday auction did not offer any dollar for sale, similar to the previous days.   The CBI holds 5 weekly auctions, starting from Sunday and ending on Thursday, for the sale and purchase of foreign currencies.   SKH (TI)/SR   542