CBI sells US $202 million in its Monday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has registered a minor rise in its auction for sale and purchase of foreign currencies, to reach the selling of US$202 millions and 60,000 US dollars, covered by the CBI on Monday, compared with 200 million US dollars in its previous session, at an exchange rate of 1,166 dinars per dollar, the CBI’s daily bulletin reported. “The total size of demand on the US dollar has reached 202 millions and 60,000, covered by the CBI on an average rate of 1,166 dinars per dollar on Monday, whilst the Bank’s sales had recorded 200 millions and 310,000 US dollars in its Sunday session,” the bulletin stressed. The bulletin pointed out that “the Bank’s cash sales had reached 19 millions and 750,000 US dollars, on an exchange rate of 1,179 dinars per dollar, including the Bank’s interest rate of 13 dinars per dollar, whilst the foreign transfers have reached 182 millions and 310,000 US dollars; none of the banks that attended the sessions, including the 19 banks that attended today’s session have offered a single dollar for sale. The CBI holds 5 weekly sessions for selling and buying foreign currencies, beginning on Sunday and ending on Thursday, charging 13 dinars per dollar for its cash sales, along with another 13 dinars for its foreign transfers.