CBI currency auction results of 19-May-2014

Baghdad (IraqiNews.com) The Central Bank of Iraq reported in a statement received by IraqiNews.com “the CBI sold USD $241,025,000 at price of 1166 Iraqi Dinars with the participation of 17 banks during its Monday auction session.”

Currency sales decreased by about $68.4 million USD since the last CBI currency auction on May 18, 2014 while the number of banks participating in the auction increased from 14 to 17.

“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.