CBI opens week with $124m sales

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) opened its weekly auctions Sunday with $124 million sales at an exchange rate of 1170 Iraqi dinars per dollar, down from the previous session’s $185 million. “There was no demand on cash, while the foreign transfers outside the country reached $124.220 million, 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 14 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (P) 1