CBI dollar sales down as week ends

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales went down to $171,696 in the last auction in the week, compared to $187,192 million in the previous session. The exchange rate reached to 1,166 Iraqi dinars for one dollar. “The demand hit $10,945 million in cash, covered at an exchange rate of 1,179 Iraqi dinars per dollar, and $160,751 million in foreign transfers outside the country, covered at an exchange rate of 1,179 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 16 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (TS)/SR 899