CBI sells $71 million on Wednesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales dropped to $71.710 million in its daily auction on Wednesday, compared to $125.416 million in the previous session. “The demand hit $3.110 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $68.600 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 9 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 (P) 1