06 May 2012
BAGHDAD: The Central Bank of Iraq's (CBI) dollar sales reached to 116 million dollars today, compared to $ 166 million in the previous session.
The exchange rate reached to 1,166 Iraqi dinars for one dollar.

The decline in CBI sales was due to new regulations made by the bank to control the transfer of foreign currency.

These measures were taken due to the situation in Syria and the boycott on Iran for its nuclear question.

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