CBI dollar sales make fresh leap in daily auction

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales made a dramatic increase in its daily auction on Monday to reach $195.060 million compared to $60.830 million during the previous session. “The demand hit $10.350 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $184.710 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 18 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (P) 1