CBI sells $744m this week

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales went down this week by 5%to reach $744.306 million compared to 780.120 million last week. “The demand hit $71.030 million in cash this week compared to 56.130 million last week, covered at exchange rate of 1,183 Iraqi dinars per dollar, and $673.276 million in foreign transfers outside the country, compared to 723.990 last week, 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 banks that participated in this week’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1