CBI sells $179m on Wednesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales increased to $179.200 million in its daily auction on Wednesday, compared to $175.486 in the previous session. “The demand hit $11.800 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $168.120 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 12 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1