CBI Dollar Sales Up by 55% on Thursday
Posted on 11 December 2009 . Tags: Iraq Banking & Financial News
The Central Bank of Iraq (CBI) dollar sales rose by 55% to reach $227.190 million in its daily auction on Thursday, compared to $155.251 million during the previous session.
“The demand hit $16.480 million in cash, covered at exchange rate of 1,170 Iraqi dinars per dollar, and $210.710 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 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.
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