Central Bank of Iraq sells US$199 millions in its Thursday auction


Iraqi Dinar 25000 bill note

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has recorded at the end of its weekly sessions for the sale and purchase of foreign currencies a retreat in its dollar sales, that has reached 199 million US dollars, compared with the previous session that sold 202 millions, on an exchange rate of 1,166 dinars per dollar, the Bank’s daily bulletin reported on Thursday.

The bulletin, issued by the CBI, copy of which was received by IraqiNews.com news agency, pointed out that the total size for the demand on the US dollar on Thursday had reached 199 millions and 620,000 US dollars, covered by the Bank on an exchange rate of 1,166 dinars per dollar, compared with 202 millions recorded during the previous session. The bulletin stressed that the Thursday auction had been distributed on cash sales for 6 million dollars, on an exchange rate of 1,179 dinars per dollar, including the Bank’s interest of 13 dinars per dollar, whilst the foreign transfers had reached 193 millions and 620,000 dollars, on an exchange rate of 1,179 dinars per dollar, including the Bank’s interest of 13 dinars per dollar. The bulletin repeated its daily comment that none of the banks that attended its session, including the 21 banks that attend today’s session had offered a single dollar for sale.

The Central Bank of Iraq holds 5 auction sessions every week, beginning on Sunday and ending on Thursday for the sale and purchase of foreign currencies, charging an interest of 13 dinars per dollar for its cash sales, along with 13 dinars per dollar for its foreign transfers.


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