CBI sells $12 million on Wednesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales jumped on Wednesday to $12.933 million at an exchange rate of 1170 Iraqi dinars per dollar, compared to the previous session’s $3.5 million. “The demand hit $6.836 million in cash today, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $6.097 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 12 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday.    SH (TP)/SR 627