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Surge in CBI dollar sales on Mon.

September 28, 2009 - 09:07:25

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq’s (CBI) dollar sales increased significantly in its daily auction on Monday to reach $212.665 million compared to $50.250 million during the previous session.

“The demand hit $9.380 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $203.285 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 16 banks that participated in today’s session offered to sell dollars.
The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

SS (P)

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