CBI dollar sales down to $69m

[Traconesu02]

CBI dollar sales down to $69m

June 13, 2010 - 10:57:32

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales went down in its daily auction on Sunday to reach $69.540 million compared to $144.150 million in the previous session.

“The demand hit $9.890 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $59.650 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 nine banks that participated in today’s session offered to sell dollars.

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

http://en.aswataliraq.info/?p=133165

[sparklingblue]

Do you guys think this is good news the banks have not sold anything for the past week. IMO it is good news. what do you guys think?

[SexyDinar]

Do you guys think this is good news the banks have not sold anything for the past week. IMO it is good news. what do you guys think?

That is by far the lowest amount I have seen for a considerable time.

[Traconesu02]

Do you guys think this is good news the banks have not sold anything for the past week. IMO it is good news. what do you guys think?

That is by far the lowest amount I have seen for a considerable time.

I would think this would be a good thing - that they are not selling so much of their currency.