Iraq- CBI opens its Sunday auction selling US$195 millions 

(MENAFN - Aswat Al-Iraq) The Central Bank of Iraq (CBI) has registered selling 195 million US dollars in its auction for the sale and purchase of foreign currencies, on basis of 1,170 dinars per dollar, a figure higher than its last auction of 175 millions, its daily bulletin reported on Sunday.

The CBI's previous auction had sold 175 millions and 410,000 dollars, the bulletin stressed.

The CBI's Sunday sales were distributed on cash sales of 7 millions and 830,000 US dollars, on an average rate of 1,183 dinars per dollar, including the Bank's commission of 13 dinars per dollar, the bulletin added, while its foreign transfers had reached 187 millions and 605,000 dollars on an average rate of 1,183 dinars per dollar.

The bulletin repeated its daily comment that none of the banks that attended the auction, including the 25 banks that attended today's auction, have offered a single dollar for sale.

The CBI holds 5 auctions per week, beginning on Sunday and ending on Thursday for the sale and purchase of foreign currencies, charging 13 dinars per dollar for its cash sales and 13 dinars per dollar for its foreign transfers.