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CBI down on Tuesday
8/9/2011 2:36 PM
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) has sold 135 million US dollars in its auction to sell and buy foreign currencies on Tuesday, on basis of 1,170 dinars per dollar, down from Monday sales that reached 179 million dollars, according to the CBI’s daily bulletin.
“The total size of the demand on the US dollar on Tuesday had reached 135 millions and 525,000 dollars, covered by the CBI on basis of 1,170 dinars per dollar,” the bulletin reported.
The CBI sales during Monday session had reached 179 millions and 110,000 dollars, the bulletin stressed.
“The CBI’s cash sales for the day had reached 4 millions and 30,000 dollars, on basis of 1,183 dinars per dollar,” the bulletin added, whilst the foreign transfers had reached 131 millions and 495,000 dollars, on the rate of 13 dinars per dollar.”
The bulletin repeated its daily comment that none of the 16 banks that shared in the day’s auction did not share in offering any dollar for sale.
The Central Bank of Iraq holds 5 sessions per week, beginning on Sunday and ending on Thursday, to sell and buy foreign currencies, scoring a commission of 13 dinars per dollar on its cash sales, whilst it charges another 13 dinars on every dollar, transferred abroad.
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