CBI dollar sales up to $796m this week

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales rose in their daily auctions this week’s five sessions to reach $796.755 million at an exchange rate of 1,170 Iraqi dinars per dollar, compared to last week’s $$712.075 million. This week’s cash sales decreased to $46.500 million against $55.850 million last week at an exchange rate of 1,183 per dollar, including the CBI’s commission of 13 Iraqi dinars per each dollar. Foreign transfers rose to hit $750.255 million this week against $656.225 million last week at an exchange rate of 1,173 Iraqi dinars per each dollar, including the CBI’s commission of 3 Iraqi dinars per one dollar. None of the banks that participated in this week’s sessions offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1