CBI sells US$198 million in its Monday auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold 198 million US dollars in its daily auction for the sale and purchase of foreign currencies on Monday, on an average exchange rate of 1,170 Iraqi dinars per dollar, a figure less than its previous session that registered 199 million US dollars, the CBI‘s daily bulletin on Monday reported. The bulletin, issued by the CBI and received by IraqiNews.com news agency, stressed that the “total size of the demand on the dollar had reached 198 million and 851,000 dollars, covered by the Central Bank at an average of 1,170 dinars per dollar, whilst the Bank’s sales in its previous session had reached 199 millions and 350,000 US dollars”. “The CBI‘s cash sales on Monday had reached 29 millions and 500,000 US dollars, including the Bank’s interest of 13 dinars per dollar, whilst the foreign transfers had reached 169 millions and 500,000 dollars, on an exchange rate of 1,183 dinars per dollar, including the Bank’s interest of 13 dinars per dollar,” the bulletin pointed out, adding that none of the 22 banks that shared in today’s auction had offered a single dollar for sale in today’s auction,” it stressed. The CBI holds 5 auction sessions per week, beginning on Sunday and ending on Thursday, charging an interest of 13 dinars per dollar for its cash sales and another 13 dinars per dollar for its foreign transfers. 135