CBI dollar sales down on Sunday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 120 million U.S. dollars in its auction to sell and buy foreign currencies on Sunday, based on 1,170 dinars per dollar, compared to Saturday’s auction where sales reached 173 million dollars, according to the Bank’s daily bulletin.   “The total size of the demand on the U.S. dollar reached 120 millions and 688,000 dollars, covered by the CBI at a rate of 1,170 dinars per dollar,” the bulletin reported.   The CBI’s sales during the previous auction of Saturday had reached 173 millions and 295,000 dollars.   The auction’s cash sales had reached 4 millions and 38,000 dollars, at a rate of 1,183 dinars per dollar, including the Bank’s interest of 13 dinars per dollar, the bulletin stressed.   It said that the foreign transfers had reached 116 millions and 650,000 dollars, also at a rate of 1,183 dinars per dollar, including the CBI’s interest of 13 dinars per dollar.   The bulletin confirmed that none of the 18 banks that attended the auction had offered any dollar for sale in the auction.   The Central Bank of Iraq (CBI) holds 5 weekly auctions, beginning on Sunday and ending on Thursday, for the selling and buying foreign currencies.   SKH (TI)