BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales today reached $166 million, compared to $176 million in the previous session.

 

 

The exchange rate reached to 1,166 Iraqi dinars for one dollar.

 

 

The CBI sales have fluctuated during the previous months due to the political situation in the region, particularly following the economic sanctions imposed on Syria and Iraq.

 

 

The demand for the Iraqi dollar sales was attributed to the needs of the main two neighboring countries to meet their foreign purchases.

 

 

 None of the 24 banks that participated in today’s session offered to sell dollars.

 

 

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

 

RM (TS)/SR