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k98nights

CBI sells $142m

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CBI sells $142m

May 24, 2010 - 10:05:01

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales reached $142.234 million in its daily auction on Monday.

“The demand hit $2.350 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $139.884 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 14 banks that participated in today’s session offered to sell dollars.

The Central Bank of Iraq runs a daily action from Sunday to Thursday.

MH (P)/SR

http://en.aswataliraq.info/?p=132134

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Thanks for posting this data WOODY...!

These sales need to stop, or we'll see any RV value deminished because of the increasing numbers of IQD held by outside sources other than the CBI - when they will be called in.

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Thanks for posting this data WOODY...!

These sales need to stop, or we'll see any RV value deminished because of the increasing numbers of IQD held by outside sources other than the CBI - when they will be called in.

Ron I look at it this way. They will be making money on both ends. First they sell dinars for USD's which goes into there foriegn reserves,, then they sell oil getting back there higher valued dinars.

Seems like a win win situation for them. JMHO ~~~~~Bluto

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