CBI dollar sales rise by 9% this week March 12, 2010

[NotReallyTex]

CBI dollar sales rise by 9% this week

March 12, 2010 - 09:36:20

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales went up this week by 9%to reach $518.425 million compared to $475.274 million last week.

“The demand hit $32.670 million in cash this week compared to $27.760 million last week, covered at exchange rate of 1,183 Iraqi dinars per dollar, and $485.755 million in foreign transfers outside the country, compared to $447.514 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.

SH (P)

[IcemanSC]

Thanks for the post.