CBI’s dollar sales down on Wednesday

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales went down in its daily auction on Wednesday to reach $150 million compared to $198.295 million during the previous session. “The demand hit $4 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $146 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 Iraqi News. None of the 14 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