CBI opens week with $163m sales in auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) opened the week on Sunday with sales up to $192.961 million, compared to the previous session’s $163.225 million at an exchange rate of 1170 Iraqi dinars per dollar. “The demand hit $1.469 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $191.429 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 18 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (TP) 454