CBI sells 144 million US dollars in its Wednesday auction

[rockhound60]

Aswat Al Iraq / Economy , Baghdad

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CBI sells 144 million US dollars in its Wednesday auction

12/14/2011 2:22 PM

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has sold US$144 million in its Wednesday auction for sale and purchase of foreign currencies, on an average rate of 1,170 Iraqi dinars per dollar, registering a decrease than the previous auction that reached 149 million dollars, according to the CBI's daily bulletin.

"The total size of demand on the US dollars had reached 144 million and 350,000 US dollars, covered by the Bank on an exchange rate of 1,170 dinars per dollar, whilst the Bank's previous session had sold 149 million and 105,000 US dollars," the bulletin reported.

It stressed that the auction's cash sales had reached 7 million and 500,000 dollars, on an exchange rate of 1,183 dinars per dollar, in addition to the CBI's commission of 13 dinars per dollar, whilst the foreign transfers had reached 136 million and 850,000 US dollars, at an exchange rate of 1,183 dinars per dollar and the Bank's interest of 13 dinars per dollar.

The bullet added that none of the banks that attended the auction, including the 27 banks that attended today's auction, had offered a single dollar for sale.

The CBI holds 5 auctions for sale and purchase of foreign currencies per week, starting on Sunday and ending on Thursday, charging 13 dinars as commission for the Bank, along with 13 dinars per dollar commission for the Bank's foreign transfers.

SKH (TP)/SR

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