CBI sells 162 million dollars in its Monday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold U.S. $162 million in its auction for selling and buying foreign currencies on Monday, at a rate of 1,170 dinars per dollar, exceeding Sunday’s sales of 125 million dollars, the CBI’s daily bulletin reported.   “The total size for the demand on the U.S. dollar has reached 162, 848,000 dollars, covered by the CBI at a rate of 1,170 dinars per dollar,” the bulletin reported.   The CBI’s sales on its Sunday’s auction had reached 125, 130,000 dollars,” it stressed.   Monday’s auction was distributed via “cash sales of 8, 200,000 dollars, at a rate of 1,183 dinars per dollar, including the Bank’s interest rate of 13 dinars per dollar,” the bulletin added.   The foreign currency transfers, according to the bulletin, had reached 154, 648,000 dollars, at a rate of 1,183 dinars per dollar.   The CBI’s bulletin repeated its daily announcement that none of the banks that attended the session offered dollars for sale.   The Central Bank of Iraq (CBI) holds 5 weekly sessions for the sale and purchasing of foreign currencies, beginning from Sunday and ending on Thursday.   SKH (TR)/SR   601