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Sharp decline in CBI dollar sales

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Sharp decline in CBI dollar sales Empty Sharp decline in CBI dollar sales

Post by Kevind53 on Tue Jul 03, 2012 6:00 pm

BAGHDAD: The Central Bank of Iraq's (CBI) dollar sales dropped significantly to $87,725 million in the last session in the week, compared to $292.536 million in the previous session.

The exchange rate reached to 1,166 Iraqi dinars for one dollar. "The demand hit $6,725 million in cash, covered at an exchange rate of 1,179 Iraqi dinars per dollar, and $81 million in foreign transfers outside the country, covered at an exchange rate of 1,179 Iraqi dinars per dollar," according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 14 banks that participated in today's session offered to sell dollars.The Central Bank of Iraq runs a daily auction from Sunday to Thursday.

© Aswat Aliraq 2012
http://www.zawya.com/story/Sharp_decline_in_CBI_dollar_sales-ZAWYA20120701041922/

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Kevind53
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