CBI SELLS MILLIONS

[rockhound60]

CBI sells US$222 millions in its Sunday auction

11/20/2011 2:02 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has sold US$222 millions in its Sunday auction for the sale and purchase of foreign currencies, on a rate of 1,170 Iraqi dinars per dollar, down from its previous session's sales of US$257 millions, the CBI's daily bulletin reported.

"The total size of demand on dollar has reached 222 millions and 475,000 US dollars, covered by the CBI, on a rate of 1,170 dinars per dollars, down from the last session's sales of 257 millions and 507,000 dollars," the bulletin stressed. It added that "the Bank's cash sales on Sunday has reached 13 millions and 15,000 dollars, on an exchange rate of 1,183 dinars per dollar, including the Bank's own interest of 13 dinars per dollar, whilst the foreign transfers have reached 209 millions and 460,000 US dollars, on an exchange rate of 1,183 dinars per dollar and the Bank's interest of 13 dinars per dollar, as well." The bulletin repeated its daily comment that none of the banks that attended the sessions, including the 21 banks that attended today's session had offered any US dollar for sale. The CBI holds 5 sessions per week, starting on Sunday and end on Thursday for the sale and purchase of foreign currencies, charging13 dinars interest on earch dollar, along with a similar charge for each dollar transferred abroad.

http://en.aswatalira...e&id=145679&l=1