ECONOMY: Central Bank of Iraq (CBI) sells US$279 million in its Thursday hard currency exchange

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has closed its weekly session for sale and purchase of foreign currencies with selling 279 million US dollars, on an exchange rate of 1,170 Iraqi dinars per dollar, a figure higher than the previous session that sold 248 million dollars, the CBI‘s daily bulletin reported.

“The total size of demand on the US dollar has reached 279 millions and 100,000, covered by the CBI on an average exchange rate of  1,170 dinars per dollar, whilst the Bank’s sales for Wednesday session had reached 248 millions and 305,000 dollars,” the bulletin stressed. It pointed out that the “cash sales had reached 13 million dollars, on an exchange rate of 1,183 dinars per dollar, with the CBI‘s interest of 13 dinars per dollar, whilst the foreign transfers reached 266 millions and 100,000 dollars, also on exchange rate of 1,183 dinars per dollar, including the Bank’s interest of 13 dinars per dollar.”

The bulletin repeated its daily comment that none of the banks that attend its sessions, including the 25 banks that attended today’s session, have presented any dollar for sale. The Central Bank of Iraq holds 5 weekly sessions, beginning on Sunday and ending on Thursday for sale and purchase of foreign currencies, charging 13 dinars per dollar interest, along with another 13 dinars per dollar for its foreign transfers.