CBI sells $705m this week

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) dollar sales this week reached $705.805 million at a stable exchange rate of 1,170 Iraqi dinars per dollar, compared to $737 million last week. “The demand hit $45.280 million in cash this week, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $660.525 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 banks that participated in this week’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SH (P) 1