CBI’s Dollar Sales Drop to 85m on Tuesday

The Central Bank of Iraq’s (CBI) dollar sales fell to $85.010 million in its daily auction on Tuesday, compared to $183.530 million in the previous session.

“The demand hit $5.01 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 11 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

( Aswat Al Iraq )

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