CBI sells 124 million dollars Monday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 124 million US dollars in its auction to sell and purchase foreign currencies on Monday, on basis of 1,170 dinars per dollar, down from the sales of Sunday that reached 137 million dollar, according to the CBI’s daily bulletin.   “The total size of the demand on the US dollar has reached 124 millions and 342,000 dollars, covered by the CBI’s interest rate of 1,170 dinars per dollar,” the bulletin reported.   The CBI’s dollar sales in its previous session on Sunday had reached 137 millions and 825,000 US dollars. “The foreign transfers of Monday had reached 116 millions and 312,000 dollars on an exchange rate of 1,183 dinars per dollars, including the CBI’s interest of 13 dinars per dollar,” the bulletin pointed out.   The bulletin repeated its daily note that any of the banks sharing in the auction, including the 19 banks that attended the Monday auction, had not presented any dollar for sale.   The CBI holds 5 sessions per week, beginning form Sunday and ending on Thursday, for the sale and purchase of foreign currencies, charging a 13 dinars interest per dollar, whilst it charges 13 dinars per dollar on its transfers abroad. SKH (TS)/SR 458