CBI’s dollar sales nosedive to 99m

BAGHDAD / IraqiNews.com: The Central Bank of Iraq’s (CBI) dollar sales dropped significantly to $88.950 million in its daily auction on Monday, compared to $168.902 million during the previous session. “The demand hit $11.410 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $77.540 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 10 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. SS (P) 2