CBI currency auction results of 12-May-2014

Baghdad (IraqiNews.com) The Central Bank of Iraq reported in a statement received by IraqiNews.com “the CBI sold USD $307,949,000 at price of 1166 Iraqi Dinars with the participation of 19 banks during its Monday auction session.”

Currency sales increased by about $139.5 million USD since the last CBI currency auction on May 11, 2014 while the number of banks participating in the auction increased from 15 to 19.

“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 dinar within the same commission,” the statement pointed out.