CBI dollar sales see dramatic downturn
June 28, 2009 - 11:45:15
BAGHDAD / Aswat al-Iraq: Demand for the dollar plunged dramatically in the Central Bank of Iraq (CBI) auction on Sunday, coming down to $70 million compared to $152.680 million in the previous session.
“The demand hit $4 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $66.100 million in foreign transfers outside the country, 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 eight banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday
