CBI currency auction results of 17-May-2014

Baghdad (IraqiNews.com) The Central Bank of Iraq reported in a statement received by IraqiNews.com “the CBI sold USD $92,308,000 at price of 1166 Iraqi Dinars with the participation of 8 banks during its Saturday auction session.”

Currency sales decreased by about $94.4 million USD since the last CBI currency auction on May 15, 2014 while the number of banks participating in the auction decreased from 14 to 8.

“The price of the US Dollar cash sales reached 1179 Iraqi Dinars including the commission deducted by the Central Bank of Iraq while the price of bank transfers reached 1171 Iraqi Dinars,” the statement added.

The CBI will continue selling the US dollar in return of 1166 Iraqi Dinars with the same commission of 56 Iraqi Dinars,” the statement pointed out.