Central Bank of Iraq's Dollar Sales up to 171 Million

The Central Bank of Iraq’s (CBI) dollar sales went up to US$171.340 million in its daily auction on 16 November 2009, compared to US$65.830 million during the previous session. “The demand was all in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin. None of the 14 banks that participated in the 16 November 2009 session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday.- Aswat Al Iraq