CBI sells $166m in daily auction
2/7/2011 6:17 PM
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales on Monday registered $166 million, up from the previous session’s $145.879 million at an exchange rate of 1170 Iraqi dinars per dollar.
"The demand hit $1.908 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $164.112 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 Aswat al-Iraq news agency.
None of the 18 banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.