CBI sells $109m on Monday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales dropped to $109,692 million in its daily auction on Monday, compared to $111,464 million in the previous session. The exchange rate reached to 1,166 Iraqi dinars for one dollar. “The demand hit $11,450 million in cash, covered at an exchange rate of 1,179 Iraqi dinars per dollar, and $98,242 million in foreign transfers outside the country, covered at an exchange rate of 1,179 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 17 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 606