CBI sells $156m as week begins

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) opened its auction this week Sunday with sales up to $156.042 million, compared to the previous session’s $165.254 million, at an exchange rate of 1170 Iraqi dinars per dollar. “The demand hit $330,000 in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $155.712 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 15 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) 508