Central Bank of Iraq's Dollar Sales Nosedive to US$54 Million

The Central Bank of Iraq’s (CBI) dollar sales significantly fell to US$54.057 million in its daily auction on 22 November 2009, compared to US$128.09 million during the previous session.

The demand hit US$1.240 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and US$52.817 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. None of the 12 banks that participated in today’s session offered to sell dollars.- Aswat Al Iraq