CBI sells US$149 million in its Wednesday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 149 million dollars in its auction for  the sale and purchase of foreign currencies on Wednesday, exceeding Tuesday sales that reached 135 million dollars, at an exchange rate of 1,170 dinars per dollar, the CBI’s daily bulletin reported.   “The total size of the dollars sales covered by the CBI today (Wednesday) has reached 149, 25,000 dollars, covered by the Bank at an exchange rate of 1,170 Iraqi dinars per dollar,” the bulletin added.   The CBI’s dollar sales for its previous auction for Tuesday had reached 135 millions and 819,000 dollars.   “Today’s cash dollar sales had reached 5, 480,000 dollars, with an exchange rate of 1,183 dinars per dollar,” the bulletin said, adding that the Bank’s interest had reached 13 dinars per dollar.   It added that “the foreign transfers of the CBI had reached 143, 545,000 dollars, on an exchange rate of 1,183 dinars per dollar, along with the Bank’s interest of 13 dinars per dollar.”   It repeated its daily comment that the banks, sharing the auction, including today’s 20 banks, had not shared in the dollar sales.   The CBI holds its weekly sessions to sell and purchase foreign currencies, beginning from Sunday and ending on Thursday of each week, getting a cash sale interest of 13 dinars per dollar, along with a similar 13 dinar interest per dollar for its foreign transfers.   SKH (TI)/SR 1109