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On Tuesday auction, Central bank of Iraq sells more than 176 million dollars

On Tuesday, increasing sales of the dollar have been noted by the Iraqi Central Bank at an auction on the sale and purchase of foreign currencies. In the previous auction the sales record was 77.875 million dollars, against a stable exchange rate at 1166 dinars per dollar.
Tuesday auction showed that overall demand for the dollar distributed by 44.43 million dollars at the exchange rate 1190 dinars per dollar, including the commission of the bank for cash sales, amounting to 24 dinars per dollar. On the other hand, the value of foreign remittances 132.194 million dollars and the exchange rate was 1187 dinars per dollar, including the commission of the Iraqi Central Bank, amounting to 21 dinars per dollar.
In a statement, Central Bank of Iraq said that 16 banks participated in this auction and not a single one of them made the contracts to sell dollars. The Iraqi central bank holds six sessions per week starting from Saturday to Thursday.
Updated 16 Jul 2014 | Soruce: Al Ghad Press | By S.Seal
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