CBI sells $688 million this week

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales this week reached $688.854 million at a stable exchange rate of 1,170 Iraqi dinars per dollar. “The demand hit $250,000 in cash this week, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $688.604 million in foreign transfers outside the country, covered at an exchange rate of 1,179 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) 2