CBI sells 197 million US dollars in Tuesday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 197 million U.S. dollars in its Tuesday auction for the sale and purchase of foreign currencies, at an average exchange rate of 1,170 dinars per dollar, registering a higher sale than Monday’s auction that recorded 180 million dollars, the CBI’s daily bulletin reported.   “The total size of the demand on the U.S. dollar had reached 197 million, 590,000 dollars, covered by the CBI on an exchane rate of 1,170 dinars per dollar, the bulletin stressed. The Bank’s Monday sales had reached 180 millions and 573,000 dollars.  Today’s sales were distributed through cash sales of 9 million, 750,000 dollars, on an exchange rate of 1,183 dinars per dollar, including the CBI’s interest of 13 dinars per dollar, the bullet added.  The bulletin noted that none of the banks that attended the auction, including the 25 banks that shared in Tuesday’s auction, offered dollars for sale.  The Central Bank of Iraq holds 5 weekly sessions, beginning on Sunday and ending on Thursday for selling and buying foreign currencies, charging a 13 dinar interest per dollar, whilst it charges 13 dinars per dollar for its foreign transfers. SKH (TI)/SR 332