CBI sells 192 million dollars in its Sunday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has registered 192 million U.S. dollars in its auction for the sale and purchase of foreign currencies on Sunday, at an average exchange rate of 1,170 dinars per dollar, down from its Saturday sales that reached 194 million dollars, the CBI’s daily bulletin reported.   “The total size of the demand for the U.S. dollar on Sunday had reached 192 million and 345,000 U.S. dollars, covered by the Bank at an average rate of 1,170 dinars per dollar,” the bulletin stressed.   The Bank’s sales were distributed on a cash sale of 7 million 10,000 dollars, on an average exchange rate of 1,183 dinars per dollar, the bulletin added, whilst the Bank’s foreign transfers reached 185,335,000 dollars, also at an exchange rate of 1,183 dinars per dollars, including the Bank’s interest rate of 13 dinars per dollar.   The bulletin repeated its daily comment that none of the banks that attended the auction, including the 21 banks that attended it on Sunday, had offered a single dollar for sale.   The CBI holds 5 auction sessions each week, beginning on Sunday and ending on Thursday, for the sale and purchase of foreign currencies, charging 13 dinars per dollar for its cash sales, along with 13 dinars per dollar for its foreign transfers.   SKH (TI)/SR 361