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CBI dollar sales down to $110m

October 15, 2009 - 02:48:05

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraqs (CBI) dollar sales went down to reach $110.485 million in its daily auction on Thursday compared to $118.165 million during the previous session.

“The demand hit $1.500 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $108.985 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 14 banks that participated in today’s session offered to sell dollars.

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

AmR (P)

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