Friday, March 29, 2024

Baghdad

CBI currency auction results of 18-May-2014

Central_Bank_of_Iraq_LogoBaghdad (IraqiNews.com) The Central Bank of Iraq reported in a statement received by IraqiNews.com “the CBI sold USD $172,650,000 at price of 1166 Iraqi Dinars with the participation of 14 banks during its Sunday auction session.”

Currency sales increased by about $80.3 million USD since the last CBI currency auction on May 17, 2014 while the number of banks participating in the auction increased from 8 to 14.

“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.

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