Central Bank of Iraq sells US$147 millions in its sales and purchase of foreign currencies

Iraqi dinars – File Photo (Tag: CBI/Central Bank of Iraq)

BAGHDAD / IraqiNews.com: The Central Bank of Iraqi (CBI) has sold 147 million US dollars in its daily auction today for selling and buying foreign currencies, on an average rate of 1,170 dinars per dollar, exceeding Wednesday’s sale that reached 122million dollars, the CBI‘s daily bulletin reported on Thursday.

“The total size of demand on US dollars today has reached 147 millions and 535,000, covered by the CBI on an average rate of 1,170 dinars per dollar, whilst the CBI‘s sales Wednesday had reached 122 millions and 820,000 US dollars,” the bulletin stressed. The Bank’s sales were distributed on cash sales of 7 millions and 870,000 dinars, on an average rate of 1,183 dinars per dollar, including the CBI‘s interest of 13 dinars per dollar, whilst the Bank’s foreign sales have reached 139 millions and665,000 US dollars, on an average rate of 1,183 dinars per dollar and the Bank’s interest rate of 13 Iraqi dinars per dollar.

The CBI repeated its daily comment that all the banks that attended its auctions, including the 27 banks that attended today’s auction, have failed to offer any dollar for sale. The CBI holds 5 weekly sessions to sell and buy foreign currencies, beginning on Sunday and ending on Thursday, charging13 dinars per dollar for its cash sales and another 13 dinars per dollar for its foreign transfers.