CBI sells $737 million this week

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales in auctions for this week increased slightly to $737.394 million compared to $735.659 million last week. “The demand hit $26.760 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, compared to last week’s $34.230 million, while foreign transfers outside the country registered $710.634 million, covered at an exchange rate of 1,173 Iraqi dinars per dollar, compared to last week’s $701.429 million,” according to a CBI news bulletin received by IraqiNews.com news agency. 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