CBI sells $186 million on Wednesday

CBI sells $186 million on Wednesday

7/11/2012 2:19 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales went up on Wednesday to reach 186,189 million dollars, compared to $ 174,263 million in the previous session.

The exchange rate reached to 1,166 Iraqi dinars for one dollar.

“The demand hit $3,189 million in cash, covered at an exchange rate of 1,179 Iraqi dinars per dollar, and $183 million in foreign transfers outside the country, covered at an exchange rate of 1,179 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 31 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily auction from Sunday to Thursday.
Source: aswataliraq