CBI sells $744m this week 2/19/2010

[ArmyRanger]

CBI sells $744m this week
February 19, 2010 - 09:24:18

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales went down this week by 5%to reach $744.306 million compared to 780.120 million last week.

“The demand hit $71.030 million in cash this week compared to 56.130 million last week, covered at exchange rate of 1,183 Iraqi dinars per dollar, and $673.276 million in foreign transfers outside the country, compared to 723.990 last week, 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 banks that participated in this week’s session offered to sell dollars.

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

http://en.aswataliraq.info/?p=127292

[IcemanSC]

Good post, thanks.