CBI sells $166m in daily auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales on Monday registered $166 million, up from the previous session’s $145.879 million at an exchange rate of 1170 Iraqi dinars per dollar. “The demand hit $1.908 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $164.112 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 18 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 (TP) 1500