CBI sells $774 million this week

BAGHDAD / IraqiNews.com: Total demand for the dollar jumped in Central Bank of Iraq (CBI) sessions during the week’s five sessions to reach $774 million at a stable exchange rate of 1,170 Iraqi dinars (ID) per one dollar for the 16th week in a row compared to last week’s $481.639 million. This week’s demands reached $89 million in cash at an exchange rate of ID1,176 per dollar while foreign transfers reached more than $685 million at an exchange rate of ID1,173 per dollar. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1