CBI dollar sales plunge in daily auction
October 18, 2009 - 12:24:57
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales plummeted to reach $60.830 million in its daily auction on Sunday compared to $110.485 million during the previous session.
“The demand hit $1.500 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $59.330 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 Aswat al-Iraq news agency.
None of the 11 banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.
