CBI closes its Thursday session with selling US$194 million dollars

BAGHDAD: The Central Bank of Iraq (CBI) has closed its weekly auction sessions for the sale and purchase of foreign currencies on Thursday with selling 194 million US dollars, on an average rate of 1,170 dinars per dollar, the CBI's daily bulletin reported.

"The total demand on the US dollar on Thursday had reached 194 millions and 983,000 dollars, covered by the exchange rate of 1,170 dinars per dollar, including the Bank's interest rate of 13 dinars per dollar" the bulletin, copy of which landed in Aswat al-Iraq news noted

It pointed out that the Bank's foreign transfers had reached 190 millions and 803,000 dollars, on an average exchange rate of 1,183 Iraqi dinars per dollar, with an interest rate of 13 dinars per dollar.
The bulletin repeated its daily comment that none of the banks that attended the sessions, including the 23 banks that attended today's session, had offered any dollar for sale.

The CBI holds 5 sessions every week, beginning on Sunday and ending on Thursday to buy and sell foreign currencies, charging a 13 dinar interest per dollar, as well as a 13 dinar interest for its foreign transfers.