CBI sells 122 million US dollars in its Wednesday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraqi (CBI) has sold 122 million US dollars in its Wednesday auction for the sale and purchase of foreign currencies, on an average exchange rate of 1,170 Iraqi dinars per dollar, exceeding the previous auction that reached 103 million US dollars, the CBI’s daily bulletin reported. “The total size of the demand on the US dollar has reached 122 millions and 820,000 on Wednesday, covered by an average exchange rate of 1,170 dinars per dollar, whilst the previous auction had registered 103 millions and 835,000 US dollars,” the bulletin pointed out. It put the case sales for the day at 6 millions and 720,000 dollars, on an average rate of 1,183 dinars per dollar, including the CBI‘s interest of 13 dinars per dollar, whilst the foreign transfers reached 103 millions and 835,000 dollars. “The Bank’s foreign transfers have reached 116 millions and 100,000 dollars, on an average exchange rate of 1,183 dinars per dollar, including its interest of 13 dinars per dollar,” the bulletin stressed. The bulletin repeated its daily comment that none of the banks that attended the CBI‘s auctions, including the 22 banks that attended it today had offered any US dollar for sale. The CBI holds 5 weekly sessions for the sale and purchase of foreign currencies, beginning from Sunday and ending on Thursday, getting a 13 dinar interest per each dollar transferred abroad, along with a similar interest for its cash dollar sales.