CBI sells $651m in auctions this week

BAGHDAD / IraqiNews.com: Total demand on the dollar went down in the Central Bank of Iraq (CBI) auctions this week, reaching $651.846 million compared to last week’s $715.729 million at a stable exchange rate of 1,170 Iraqi dinars (ID) per dollar for the 21st week in a row. “The demand hit $144.950 million in cash, covered by the bank at an exchange rate of 1,176 Iraqi dinars, compared to $222.160 million last week, while foreign transfers outside the country reached $506.896 million against $493.569 million, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1